REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1st September 2023 to 30th June 2024 |
for |
SEARCHWAY ASSOCIATES LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1st September 2023 to 30th June 2024 |
for |
SEARCHWAY ASSOCIATES LIMITED |
SEARCHWAY ASSOCIATES LIMITED (REGISTERED NUMBER: 03615769) |
Contents of the Financial Statements |
for the Period 1st September 2023 to 30th June 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SEARCHWAY ASSOCIATES LIMITED |
Company Information |
for the Period 1st September 2023 to 30th June 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
38 Salisbury Road |
Worthing |
West Sussex |
BN11 1RD |
SEARCHWAY ASSOCIATES LIMITED (REGISTERED NUMBER: 03615769) |
Balance Sheet |
30th June 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Investments | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
SEARCHWAY ASSOCIATES LIMITED (REGISTERED NUMBER: 03615769) |
Balance Sheet - continued |
30th June 2024 |
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 |
SEARCHWAY ASSOCIATES LIMITED (REGISTERED NUMBER: 03615769) |
Notes to the Financial Statements |
for the Period 1st September 2023 to 30th June 2024 |
1. | STATUTORY INFORMATION |
Searchway Associates Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Motor vehicles | - |
Office equipment | - |
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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Motor | Office |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1st September 2023 |
Additions |
At 30th June 2024 |
DEPRECIATION |
At 1st September 2023 |
Charge for period |
At 30th June 2024 |
NET BOOK VALUE |
At 30th June 2024 |
At 31st August 2023 |
SEARCHWAY ASSOCIATES LIMITED (REGISTERED NUMBER: 03615769) |
Notes to the Financial Statements - continued |
for the Period 1st September 2023 to 30th June 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st September 2023 |
Additions |
Revaluations | (25,302 | ) |
At 30th June 2024 |
NET BOOK VALUE |
At 30th June 2024 |
At 31st August 2023 |
Fair value at 30th June 2024 is represented by: |
£ |
Valuation in 2016 | 362,226 |
Valuation in 2017 | 216,277 |
Valuation in 2018 | (78,000 | ) |
Valuation in 2019 | (61,601 | ) |
Valuation in 2020 | 28,000 |
Valuation in 2021 | 111,500 |
Valuation in 2022 | 53,500 |
Valuation in 2023 | 3,828 |
Valuation in 2024 | (25,302 | ) |
Cost | 998,572 |
1,609,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 998,270 | 998,270 |
Investment property was valued on an open market basis on 30th June 2024 by the directors . |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | CURRENT ASSET INVESTMENTS |
2024 | 2023 |
£ | £ |
Bonds |
SEARCHWAY ASSOCIATES LIMITED (REGISTERED NUMBER: 03615769) |
Notes to the Financial Statements - continued |
for the Period 1st September 2023 to 30th June 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Corporation tax payable |
PAYE |
VAT | 12,536 | 5,937 |
Wages control | 2,000 | 2,000 |
Directors' loan account | 1,279 | 179 |
Accrued expenses |