ACCOUNTS - Final Accounts preparation

Registered number: 14297460

THE WAY INN LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


THE WAY INN LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


THE WAY INN LIMITED REGISTERED NUMBER:14297460

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		171,470		-
Current assets
Debtors: amounts falling due within one year	5	5,229		1
Cash at bank		10,095		-
		15,324		1
Current liabilities
Creditors: amounts falling due within one year	6	(196,317)		-
Net current (liabilities)/assets			(180,993)		1

Net (liabilities)/assets			(9,523)		1

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(9,524)	-
		(9,523)	1

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2025.

R N W Bankes

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1


THE WAY INN LIMITED REGISTERED NUMBER:14297460

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

Page 2


THE WAY INN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The Way Inn Limited is a private company, limited by shares, incorporated in England and Wales. Its business and registered office address is 1 Stephen Street, London, W1T 1AL.
The principal activity of the Company is that of short term property let.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The Company made a loss of £9,524 for the year and at the reporting date had current and net liabilities of £180,993 and £9,523 respectively. The ultimate controlling party has confirmed to the director that he has the ability and will financially support the Company as and when required so that the Company will be able to continue to meet its financial obligations as and when they fall due for at least twelve months from the date the financial statements are approved. The financial statements have been prepared under going concern on this basis by the director.

2.3

Revenue

Turnover comprises revenue recognised by the Company in respect of rent receivable from short term lets, exclusive of Value Added Tax.
Rent is recognised in the period to which it relates and amounts received in advance are carried forward as deferred income.

2.4

Debtors

Short-term debtors are measured at the transaction price, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

2.6

Creditors

Short-term creditors are measured at the transaction price.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3


THE WAY INN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements	-	2%	straight line
Fixtures and fittings	-	20%	straight line
Computer equipment	-	20%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
a) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
b) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

3.	Employees
	The Company has no employees.

Page 4


THE WAY INN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

	Leasehold improvements	Fixtures and fittings	Office equipment	Total
	£	£	£	£
Cost
Additions	119,559	50,307	5,456	175,322
At 31 December 2024	119,559	50,307	5,456	175,322
Depreciation
Charge for the year on owned assets	1,993	1,677	182	3,852
At 31 December 2024	1,993	1,677	182	3,852
Net book value
At 31 December 2024	117,566	48,630	5,274	171,470
At 31 December 2023	-	-	-	-

Debtors

					2024	2023
					£	£

Amounts owed by group undertakings	-	1
Other debtors	5,229	-
	5,229	1

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	7,121	-
Amounts owed to group undertakings	189,196	-
	196,317	-

Page 5


THE WAY INN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

1 (2023 - 1) Ordinary share of £1	1	1

Page 6