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REGISTERED NUMBER: 12935672 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 October 2023

for

TOWNSWAY LTD

TOWNSWAY LTD (REGISTERED NUMBER: 12935672)






Contents of the Financial Statements
for the year ended 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOWNSWAY LTD

Company Information
for the year ended 31 OCTOBER 2023







DIRECTOR: N R Monk





REGISTERED OFFICE: 1 Poplars Court
Scaldwell
Northamptonshire
NN6 9EJ





REGISTERED NUMBER: 12935672 (England and Wales)





ACCOUNTANTS: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

TOWNSWAY LTD (REGISTERED NUMBER: 12935672)

Balance Sheet
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 676,203 319,683

CURRENT ASSETS
Debtors 5 644 894
Cash at bank 2,642 1,795
3,286 2,689
CREDITORS
Amounts falling due within one year 6 250,111 91,996
NET CURRENT LIABILITIES (246,825 ) (89,307 )
TOTAL ASSETS LESS CURRENT LIABILITIES 429,378 230,376

CREDITORS
Amounts falling due after more than one
year

7

437,519

229,524
NET (LIABILITIES)/ASSETS (8,141 ) 852

CAPITAL AND RESERVES
Called up share capital 8 106 106
Retained earnings (8,247 ) 746
SHAREHOLDERS' FUNDS (8,141 ) 852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TOWNSWAY LTD (REGISTERED NUMBER: 12935672)

Balance Sheet - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





N R Monk - Director


TOWNSWAY LTD (REGISTERED NUMBER: 12935672)

Notes to the Financial Statements
for the year ended 31 OCTOBER 2023

1. STATUTORY INFORMATION

Townsway Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Going concern
The Director has noted the excess of liabilities over assets at the balance sheet date. The accounts have been prepared on a going concern basis. In deciding to prepare the accounts on this basis, the Director has taken account of the continued financial support she is providing to the Company.

3. EMPLOYEES

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 319,683
Additions 356,520
At 31 October 2023 676,203
NET BOOK VALUE
At 31 October 2023 676,203
At 31 October 2022 319,683

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 894
Other debtors 644 -
644 894

TOWNSWAY LTD (REGISTERED NUMBER: 12935672)

Notes to the Financial Statements - continued
for the year ended 31 OCTOBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 644
Other creditors 250,111 91,352
250,111 91,996

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 437,519 229,524

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 437,519 229,524

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
43 A 1 43 43
43 B 1 43 43
20 C 1 20 20
106 106