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REGISTERED NUMBER: 06558946 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Longway Property Limited

Longway Property Limited (Registered number: 06558946)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Longway Property Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr A Blau





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 06558946 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Longway Property Limited (Registered number: 06558946)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,439 6,439
Investment property 5 3,710,000 3,710,000
3,716,439 3,716,439

CURRENT ASSETS
Debtors 6 29,294 13,340
Cash at bank 2,117 5,567
31,411 18,907
CREDITORS
Amounts falling due within one year 7 20,097 20,862
NET CURRENT ASSETS/(LIABILITIES) 11,314 (1,955 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,727,753

3,714,484

CREDITORS
Amounts falling due after more than one
year

8

(2,115,864

)

(2,115,281

)

PROVISIONS FOR LIABILITIES 9 (198,984 ) (198,984 )
NET ASSETS 1,412,905 1,400,219

CAPITAL AND RESERVES
Called up share capital 10 100 100
Non distributable reserves 11 1,269,426 1,269,426
Retained earnings 11 143,379 130,693
SHAREHOLDERS' FUNDS 1,412,905 1,400,219

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Longway Property Limited (Registered number: 06558946)

Balance Sheet - continued
30 April 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 director and authorised for issue on 15 January 2025 and were signed by:





Mr A Blau - Director


Longway Property Limited (Registered number: 06558946)

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


1. STATUTORY INFORMATION

Longway Property 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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Longway Property Limited (Registered number: 06558946)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 May 2023
and 30 April 2024 6,439
NET BOOK VALUE
At 30 April 2024 6,439
At 30 April 2023 6,439

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 May 2023
and 30 April 2024 3,710,000
NET BOOK VALUE
At 30 April 2024 3,710,000
At 30 April 2023 3,710,000

Fair value at 30 April 2024 is represented by:
£
Valuation in 2017 1,468,410
Cost 2,241,590
3,710,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Other debtors 29,294 13,340

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Taxation and social security 17,097 16,382
Other creditors 3,000 4,480
20,097 20,862

Longway Property Limited (Registered number: 06558946)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£ £
Bank loans 1,087,379 1,117,236
Other creditors 1,028,485 998,045
2,115,864 2,115,281

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 33,977 39,382

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£ £
Deferred tax 198,984 198,984

Deferred tax
£
Balance at 1 May 2023 198,984
Balance at 30 April 2024 198,984

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £ £
100 Ordinary £1 100 100

11. RESERVES
Non
Retained distributable
earnings reserves Totals
£ £ £

At 1 May 2023 130,693 1,269,426 1,400,119
Profit for the year 12,686 12,686
At 30 April 2024 143,379 1,269,426 1,412,805