Registered number
13590405
Byway Investments Limited
Filleted Accounts
31 August 2024
Byway Investments Limited
Registered number: 13590405
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 405,000 352,260
Current assets
Debtors 4 3,780 9,980
Cash at bank and in hand 5,819 12,117
9,599 22,097
Creditors: amounts falling due within one year 5 (272,448) (296,821)
Net current liabilities (262,849) (274,724)
Total assets less current liabilities 142,151 77,536
Creditors: amounts falling due after more than one year 6 (86,380) (86,380)
Provisions for liabilities (10,021) -
Net assets/(liabilities) 45,750 (8,844)
Capital and reserves
Called up share capital 1 1
Profit and loss account 45,749 (8,845)
Shareholders' funds 45,750 (8,844)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Maxine Reed
Director
Approved by the board on 13 May 2025
Byway Investments Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
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).
Turnover
Fee income is recognised at the fair value of consideration received or receivable for services rendered to customers. Revenue in respect of letting activity is recognised as the fair value of rents receivable .
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is stated at its fair value at the balance sheet date. The fair value of the investment property has been determined by reference to recent market prices of similar properties in the area. Gains or losses arising from changes in the fair value of investment property are included in profit or loss for the period in which they arise. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. Deferred tax is measured using the tax rates and laws that have been enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Fair value
At 1 September 2023 352,260
Revaluation 52,740
At 31 August 2024 405,000
Historical cost
At 1 September 2023 352,060
At 31 August 2024 352,060
4 Debtors 2024 2023
£ £
Trade debtors 60 6,260
Other debtors 3,720 3,720
3,780 9,980
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 9,201 8,671
Taxation and social security costs 2,148 -
Other creditors 261,099 288,150
272,448 296,821
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 86,380 86,380
7 Other information
Byway Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
37 Summit Way,
Southgate
London
N14 7NN
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