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Company Registration No. 10189874 (England and Wales)
CONWAY EDWARDS PROPERTY COMPANY LTD Unaudited accounts for the year ended 31 May 2024
CONWAY EDWARDS PROPERTY COMPANY LTD Unaudited accounts Contents
Page
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CONWAY EDWARDS PROPERTY COMPANY LTD Company Information for the year ended 31 May 2024
Director
Karl Edwards
Company Number
10189874 (England and Wales)
Registered Office
10 JUNIPER CLOSE WORTHING BN13 3PR ENGLAND
Accountants
Conway Accounting and Financial Solutions Ltd 10 Juniper Close Worthing W Sussex BN13 3PR
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CONWAY EDWARDS PROPERTY COMPANY LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
713,055 
645,608 
Current assets
Cash at bank and in hand
1,619 
7,247 
Creditors: amounts falling due within one year
(191)
(97)
Net current assets
1,428 
7,150 
Total assets less current liabilities
714,483 
652,758 
Creditors: amounts falling due after more than one year
(513,376)
(470,432)
Provisions for liabilities
Other provisions
(45,010)
(35,700)
Net assets
156,097 
146,626 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
213,990 
174,300 
Profit and loss account
(57,993)
(27,774)
Shareholders' funds
156,097 
146,626 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 February 2025 and were signed on its behalf by
Karl Edwards Director Company Registration No. 10189874
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CONWAY EDWARDS PROPERTY COMPANY LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
CONWAY EDWARDS PROPERTY COMPANY LTD is a private company, limited by shares, registered in England and Wales, registration number 10189874. The registered office is 10 JUNIPER CLOSE, WORTHING, BN13 3PR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred taxation
Included in the accounts is a deferred tax provision of £35,700 in respect of the property revaluation.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At 1 June 2023
619,554 
36,728 
656,282 
Revaluations
96,000 
- 
96,000 
At 31 May 2024
715,554 
36,728 
752,282 
Depreciation
At 1 June 2023
- 
10,674 
10,674 
Charge for the year
28,553 
- 
28,553 
At 31 May 2024
28,553 
10,674 
39,227 
Net book value
At 31 May 2024
687,001 
26,054 
713,055 
At 31 May 2023
619,554 
26,054 
645,608 
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CONWAY EDWARDS PROPERTY COMPANY LTD Notes to the Accounts for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
6 
46 
Other creditors
185 
51 
191 
97 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
493,925 
446,925 
Other creditors
19,453 
19,453 
Taxes and social security
(2)
- 
Loans from directors
- 
4,054 
513,376 
470,432 
Included in the amount falling due after one year, is £446,925.00 in respect of a mortgage from Shawbrook Bank Ltd, which is secured on the property.
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
During the year the company made the following related party transactions- Conway Accounting and Financial Solutions Ltd. Paul Conway and Christina Conway are Directors of Conway Accounting and Financial Solutions Ltd who provide accountancy services at normal business rates. During the period, costs of £143.00 were incurred.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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