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REGISTERED NUMBER: 14313256 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

VILLAGE WAY DEVELOPMENT LIMITED

VILLAGE WAY DEVELOPMENT LIMITED (REGISTERED NUMBER: 14313256)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VILLAGE WAY DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: J A Smart





REGISTERED OFFICE: 11a Sydenham Hill
London
SE26 6SH





REGISTERED NUMBER: 14313256 (England and Wales)





ACCOUNTANTS: Galloways Accounting Limited
15 West Street
Brighton
East Sussex
BN1 2RL

VILLAGE WAY DEVELOPMENT LIMITED (REGISTERED NUMBER: 14313256)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,700,000 1,700,000

CURRENT ASSETS
Cash in hand 1 1

CREDITORS
Amounts falling due within one year 5 (959,380 ) (908,193 )
NET CURRENT LIABILITIES (959,379 ) (908,192 )
TOTAL ASSETS LESS CURRENT LIABILITIES 740,621 791,808

CREDITORS
Amounts falling due after more than one year 6 (999,199 ) (999,199 )
NET LIABILITIES (258,578 ) (207,391 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (258,579 ) (207,392 )
(258,578 ) (207,391 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





J A Smart - Director


VILLAGE WAY DEVELOPMENT LIMITED (REGISTERED NUMBER: 14313256)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Village Way Development 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.

Going Concern
The company manages it cash flow as part of a group, and in addition to the finance raised within the company, it is also reliant on finance provided by other group companies. The director has reviewed the group finance facilities and the expected cash flow for the group and has a reasonable expectation that the company has adequate resources to continue to operate for the foreseeable future.

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.

The fair value is based on a valuation carried out by the director at each accounting reference date.

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets
Basic financial assets are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting its liabilities.

Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Financial liabilities classified as payable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

3. EMPLOYEES

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,700,000
Additions 6,796
Revaluations (6,796 )
At 30 June 2024 1,700,000
NET BOOK VALUE
At 30 June 2024 1,700,000
At 30 June 2023 1,700,000

VILLAGE WAY DEVELOPMENT LIMITED (REGISTERED NUMBER: 14313256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2023 (173,264 )
Valuation in 2024 (7,270 )
Cost 1,880,534
1,700,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 942,568 868,743
Other creditors 16,812 39,450
959,380 908,193

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 999,199 999,199

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 999,199 999,199

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 999,199 999,199

The loan is secured over the property held in investment property.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Urban Eye Properties Limited, of which the registered office is 11a Sydenham Hill, London, SE26 6SH.