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REGISTERED NUMBER: 06375457 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THAMEWAY LIMITED

THAMEWAY LIMITED (REGISTERED NUMBER: 06375457)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THAMEWAY LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: N A C Laurence
J D Fawcett





SECRETARY: N A C Laurence





REGISTERED OFFICE: 10 London Mews
Paddington
LONDON
W2 1HY





REGISTERED NUMBER: 06375457 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

THAMEWAY LIMITED (REGISTERED NUMBER: 06375457)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 239,578 240,001
Cash at bank 985 253
240,563 240,254
CREDITORS
Amounts falling due within one year 5 684,230 672,912
NET CURRENT LIABILITIES (443,667 ) (432,658 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(443,667

)

(432,658

)

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings (443,669 ) (432,660 )
SHAREHOLDERS' FUNDS (443,667 ) (432,658 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 12 November 2024 and were signed on its behalf by:




J D Fawcett - Director



N A C Laurence - Director


THAMEWAY LIMITED (REGISTERED NUMBER: 06375457)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Thameway 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.

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.

The accounts are prepared on a going concern basis. The directors believe this to be appropriate on the basis that they have received assurances from the creditors that they will not require the repayment of advances made by them to the company until the company has adequate funds to remain solvent.

Turnover
Turnover represents sale of property and letting agent fees net of VAT, and profit share on joint venture property developments.

Rendering of services

Income is accounted for as follows:
Letting agents fees are receivable in advance when rent is received.
Property income is receivable on date of exchange.
Profit share is accounted for when distributed.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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.

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.

THAMEWAY LIMITED (REGISTERED NUMBER: 06375457)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 239,578 240,001

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,236 530
Other creditors 682,994 672,382
684,230 672,912

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £65,110 (2023 - £65,311) to James Laurence Middlegap Ltd, £520,814 (2023 - £520,199) to James Laurence Ltd, £33,338 (2023 - £33,338) to James L J Ltd, £30,343 (2023 - £22,019) to JIN Properties and £17,620 (2023 - £15,574) to JNR Properties LLP which are included in other creditors. The directors of the company have an interest in these businesses.

At the balance sheet date the company is owed £104,030 (2023 - £104,030) by Metamorph Management Ltd, £131,890 (2023 - £132,031) by Sands Realty Ltd and £486 (2023 - £1,000) by Hanover Square LLP. The directors have an interest in these businesses.