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Greenway Property Ventures Limited

Registered Number
09604245
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

Greenway Property Ventures Limited
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

Deborah Bond
Gary Bond

Company Secretary

Gary Bond

Registered Address

Eddison House
Cross Lane
Marlborough
SN8 1LA

Registered Number

09604245 (England and Wales)
Greenway Property Ventures Limited
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property31,156,1621,156,162
1,156,1621,156,162
Current assets
Debtors41,1341,179
Cash at bank and on hand39,23717,313
40,37118,492
Creditors amounts falling due within one year5(288,869)(290,478)
Net current assets (liabilities)(248,498)(271,986)
Total assets less current liabilities907,664884,176
Net assets907,664884,176
Capital and reserves
Called up share capital786,384786,384
Profit and loss account121,28097,792
Shareholders' funds907,664884,176
The financial statements were approved and authorised for issue by the Board of Directors on 11 February 2025, and are signed on its behalf by:
Gary Bond
Director
Registered Company No. 09604245
Greenway Property Ventures Limited
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined periodically by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year00
3.Investment property
There has been no valuation of investment property by an independent valuer but in the opinion of the Directors, the value of the property in the financial statements is reflective of the market value at the year end.

£
Fair value at 01 June 231,156,162
At 31 May 241,156,162
4.Debtors: amounts due within one year

2024

2023

££
Other debtors1,1341,179
Total1,1341,179
5.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties280,491280,491
Taxation and social security5,9187,527
Accrued liabilities and deferred income2,4602,460
Total288,869290,478
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Related party transactions
At the year end the Company owed the Directors £280,491 (2023: £280,491). The loan is unsecured, interest free and repayable on demand.