REGISTERED NUMBER: 03615769 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th June 2025

for

SEARCHWAY ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K M Murphy

Mrs C J Murphy

SECRETARY:

Mrs C J Murphy

REGISTERED OFFICE:

38 Salisbury Road

Worthing

West Sussex

BN11 1RD

REGISTERED NUMBER:

03615769 (England and Wales)

ACCOUNTANTS:

MastersFuller

Chartered Certified Accountants

38 Salisbury Road

Worthing

West Sussex

BN11 1RD

FIXED ASSETS

Tangible assets

4

18,432

25,993

Investment property

5

1,144,000

1,609,000

1,162,432

1,634,993

CURRENT ASSETS

Debtors

6

22,159

16,652

Investments

7

-

101,228

Cash at bank

309,629

167,500

331,788

285,380

CREDITORS

Amounts falling due within one year

8

9,871

50,718

NET CURRENT ASSETS

321,917

234,662

TOTAL ASSETS LESS CURRENT LIABILITIES

1,484,349

1,869,655

PROVISIONS FOR LIABILITIES

56,677

95,793

NET ASSETS

1,427,672

1,773,862

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,427,572

1,773,762

SHAREHOLDERS' FUNDS

1,427,672

1,773,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th November 2025 and were signed on its behalf by:

K M Murphy - Director

1.	STATUTORY INFORMATION

Searchway Associates 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1st July 2024

and 30th June 2025

25,820

5,332

31,152

DEPRECIATION

At 1st July 2024

2,152

3,007

5,159

Charge for year

6,455

1,106

7,561

At 30th June 2025

8,607

4,113

12,720

NET BOOK VALUE

At 30th June 2025

17,213

1,219

18,432

At 30th June 2024

23,668

2,325

25,993

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st July 2024

1,609,000

Disposals

(465,000

)

At 30th June 2025

1,144,000

NET BOOK VALUE

At 30th June 2025

1,144,000

At 30th June 2024

1,609,000

Fair value at 30th June 2025 is represented by:

£

Valuation in 2016

362,226

Valuation in 2017

216,277

Valuation in 2018

(78,000

)

Valuation in 2019

(61,601

)

Valuation in 2020

28,000

Valuation in 2021

111,500

Valuation in 2022

53,500

Valuation in 2023

3,828

Valuation in 2024

(25,302

)

Valuation in 2025

(269,476

)

Cost

803,048

1,144,000

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

2025

2024

£

£

Cost

803,048

998,270

Investment property was valued on an open market basis on 30th June 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,066

11,411

Other debtors

19,093

5,241

22,159

16,652

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Bonds

-

101,228

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax payable

-

18,118

PAYE

23

-

VAT

2,205

12,536

Wages control

1,000

2,000

Credit card account

2,114

-

Directors' loan account

1,279

1,279

Accrued expenses

3,250

16,785

9,871

50,718