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REGISTERED NUMBER: 10564848 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

NORTHWAY COMMUNICATIONS HOLDINGS LIMITED

NORTHWAY COMMUNICATIONS HOLDINGS LIMITED (REGISTERED NUMBER: 10564848)






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


NORTHWAY COMMUNICATIONS HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R P Bartlett
J Biggin
G Denning
D P Sutherland





REGISTERED OFFICE: The Loft Suite
Deer Park Business Centre
Eckington
Pershore
WR10 3DN





REGISTERED NUMBER: 10564848 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

NORTHWAY COMMUNICATIONS HOLDINGS LIMITED (REGISTERED NUMBER: 10564848)

BALANCE SHEET
31 MARCH 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Investments 4 400,505 400,505

CURRENT ASSETS
Debtors 5 7,694 8,242

CREDITORS
Amounts falling due within one year 6 (1 ) 547
NET CURRENT ASSETS 7,695 7,695
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,200

408,200

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Retained earnings 407,199 407,199
408,200 408,200

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:




G Denning - Director R P Bartlett - Director



D P Sutherland - Director J Biggin - Director


NORTHWAY COMMUNICATIONS HOLDINGS LIMITED (REGISTERED NUMBER: 10564848)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Northway Communications Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Northway Communications Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern
There are no material uncertainties that may cast significant doubt about the company’s ability to
continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

NORTHWAY COMMUNICATIONS HOLDINGS LIMITED (REGISTERED NUMBER: 10564848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 400,505
NET BOOK VALUE
At 31 March 2024 400,505
At 31 March 2023 400,505

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Amounts owed by group undertakings 7,644 7,970
Called up share capital not paid 50 272
7,694 8,242

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other creditors (1 ) (1 )
Directors' current accounts - 548
(1 ) 547

7. SECURED DEBTS

Mr G Denning had a floating charge secured against all of the property and undertaking of the company in respect of the loan note within the accounts in prior years.This charge was satisfied in July 2024.

8. TRANSACTIONS WITH DIRECTORS

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
as restated
£    £   
G Denning
Balance outstanding at start of year (548 ) -
Amounts advanced 548 -
Amounts repaid - (548 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (548 )

NORTHWAY COMMUNICATIONS HOLDINGS LIMITED (REGISTERED NUMBER: 10564848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. TRANSACTIONS WITH DIRECTORS - continued

No interest is being charged on the loan account and there are no set repayment terms.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption to not prepare group accounts, as it is a small group.
It holds all shares in Northway Communications Services (UK) Limited.