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REGISTERED NUMBER: 07447039 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Greenway Property Investments Limited

Greenway Property Investments Limited (Registered number: 07447039)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greenway Property Investments Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: P R Allison
Ms J C M Allison
Dr M F Allison





SECRETARY: Ms J C M Allison





REGISTERED OFFICE: Tall Trees
12 Frouds Close
Hook
Hampshire
RG27 9NE





REGISTERED NUMBER: 07447039 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Greenway Property Investments Limited (Registered number: 07447039)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 981 1,472
Investment property 5 5,277,693 5,277,693
5,278,674 5,279,165

CURRENT ASSETS
Debtors 6 2,775 2,115
Cash at bank 90,609 121,828
93,384 123,943
CREDITORS
Amounts falling due within one year 7 3,635,943 3,821,765
NET CURRENT LIABILITIES (3,542,559 ) (3,697,822 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,736,115

1,581,343

PROVISIONS FOR LIABILITIES 8 66,736 66,736
NET ASSETS 1,669,379 1,514,607

CAPITAL AND RESERVES
Called up share capital 9 900 900
Fair value reserve 10 389,234 389,234
Retained earnings 1,279,245 1,124,473
SHAREHOLDERS' FUNDS 1,669,379 1,514,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Greenway Property Investments Limited (Registered number: 07447039)

Balance Sheet - continued
30 September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





P R Allison - Director


Greenway Property Investments Limited (Registered number: 07447039)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Greenway Property Investments Limited 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.

Last year the year end of the company was extended by 6 months from 31 March 2023 to 30 September 2023 due to internal system changes. The comparative amounts presented in the financial statements (including the related notes) are therefore not entirely comparable.

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.

Significant judgements and estimates
The directors have made key assumptions in the determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

Turnover
Turnover represents rent receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.


Greenway Property Investments Limited (Registered number: 07447039)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023
and 30 September 2024 3,323
DEPRECIATION
At 1 October 2023 1,851
Charge for year 491
At 30 September 2024 2,342
NET BOOK VALUE
At 30 September 2024 981
At 30 September 2023 1,472

Greenway Property Investments Limited (Registered number: 07447039)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 5,277,693
NET BOOK VALUE
At 30 September 2024 5,277,693
At 30 September 2023 5,277,693


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,390 695
Other debtors 1,385 1,420
2,775 2,115

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 60,552 87,791
Other creditors 3,575,391 3,733,974
3,635,943 3,821,765

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Other timing differences 66,736 66,736

Deferred
tax
£   
Balance at 1 October 2023 66,736
On fair value reserve movement
Balance at 30 September 2024 66,736

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
900 Ordinary £1 900 900

Greenway Property Investments Limited (Registered number: 07447039)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


10. RESERVES
Fair
value
reserve
£   
At 1 October 2023
and 30 September 2024 389,234