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REGISTERED NUMBER: 08544815 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Expressway55 (Deeside) Limited

Expressway55 (Deeside) Limited (Registered number: 08544815)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Expressway55 (Deeside) Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: Jonathan Peter Batson
Jeoffrey Paul Batson





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 08544815 (England and Wales)

Expressway55 (Deeside) Limited (Registered number: 08544815)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 - 10,186
Investments 6 485,121 248,823
Investment property 7 9,550,000 9,550,000
10,035,121 9,809,009

CURRENT ASSETS
Debtors 8 249,173 16,180
Cash at bank 39,928 292,126
289,101 308,306
CREDITORS
Amounts falling due within one year 9 (338,016 ) (328,727 )
NET CURRENT LIABILITIES (48,915 ) (20,421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,986,206

9,788,588

CREDITORS
Amounts falling due after more than one
year

10

(1,059,325

)

(1,239,901

)

PROVISIONS FOR LIABILITIES (1,129,256 ) (1,125,520 )
NET ASSETS 7,797,625 7,423,167

CAPITAL AND RESERVES
Called up share capital 1,298,000 1,298,000
Retained earnings 6,499,625 6,125,167
SHAREHOLDERS' FUNDS 7,797,625 7,423,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Expressway55 (Deeside) Limited (Registered number: 08544815)

Statement of Financial Position - continued
31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 June 2025 and were signed on its behalf by:





Jeoffrey Paul Batson - Director


Expressway55 (Deeside) Limited (Registered number: 08544815)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Expressway55 (Deeside) Ltd ('The Company') is a property investment company and includes the trade of equipment leasing.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF and the registered number is 08544815.

The presentation currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
Notwithstanding any uncertainties, including the net current liability position shown in the balance sheet, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Revenue represents rentals receivable, excluding value added tax. Rentals are recognised on a straight line basis over the period of the lease or to the date of the next rent review.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Assets held for rental - 25% on cost

Investment property
Investment property is shown at fair value, the fair value is reviewed annually by the directors. Any aggregate surplus or deficit arising from changes in the fair value in the year is recognised in the profit or loss within the Statement of Comprehensive Income. The cumulative fair value surplus on the investment property is highlighted in the notes to the financial statements as non-distributable reserves.

Expressway55 (Deeside) Limited (Registered number: 08544815)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Assets held for rental
Assets acquired and held for use under operating leases are recorded as fixed assets and are depreciated on a straight line basis to their estimated residual values over their estimated useful lives. Operating lease income is recognised on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Expressway55 (Deeside) Limited (Registered number: 08544815)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Assets
held for
rental
£   
COST
At 1 January 2024 56,625
Disposals (15,866 )
At 31 December 2024 40,759
DEPRECIATION
At 1 January 2024 46,439
Charge for year 10,186
Eliminated on disposal (15,866 )
At 31 December 2024 40,759
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 10,186

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2024 248,823
Additions 204,270
Disposals (8,172 )
Revaluations 40,200
At 31 December 2024 485,121
NET BOOK VALUE
At 31 December 2024 485,121
At 31 December 2023 248,823

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Valuation in 2024 485,121

Expressway55 (Deeside) Limited (Registered number: 08544815)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 9,550,000
NET BOOK VALUE
At 31 December 2024 9,550,000
At 31 December 2023 9,550,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 9,550,000

If Investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 4,595,821 4,595,821

Investment property was valued on an open market value basis on 24 June 2024 by Eddisons .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 245,498 -
Other debtors 3,675 16,180
249,173 16,180

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 288
Taxation and social security 152,592 110,315
Other creditors 185,424 218,124
338,016 328,727

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 1,059,325 1,239,901

Expressway55 (Deeside) Limited (Registered number: 08544815)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Mortgage loan more than 5
years 328,002 508,579
328,002 508,579

11. LEASING AGREEMENTS
Minimum lease payments receivable fall due as follows:

Non-cancellable operating
leases
2024 2023
£ £
Within one year 562,900 562,900
Between one and five years 2,215,600 2,215,600
Due after five years 461,583 1,015,483
3,231,083 3,793,983

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage loan 1,242,156 1,422,732

The bank holds a first legal mortgage over the property at Tenth Avenue, Zone 3, Deeside Industrial Park.

13. RELATED PARTY DISCLOSURES

Transactions with related parties during the year and balances outstanding at the end of the reporting period were as follows:

Entities over which the directors have control:

20242023
££
Sales713,431605,181

Amounts owed from related parties245,498-

14. NON-DISTRIBUTABLE RESERVES

Included within retained earnings is an amount of £3,830,830 which is a non-distributable reserve.