REGISTERED NUMBER: 10828871 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Teesway Investments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M B Spalding

Mrs H F Spalding

REGISTERED OFFICE:

3 Kingfisher Court

Bowesfield Park

Stockton On Tees

TS18 3EX

REGISTERED NUMBER:

10828871 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Investment property

4

616,509

616,509

CURRENT ASSETS

Debtors

5

8,889

8,049

Cash at bank

23,710

8,234

32,599

16,283

CREDITORS

Amounts falling due within one year

6

511,517

515,503

NET CURRENT LIABILITIES

(478,918

)

(499,220

)

TOTAL ASSETS LESS CURRENT LIABILITIES

137,591

117,289

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

137,589

117,287

SHAREHOLDERS' FUNDS

137,591

117,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 22 December 2025 and were signed on its behalf by:

M B Spalding - Director

1.	STATUTORY INFORMATION

Teesway Investments Ltd 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.

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

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.

Notwithstanding the company's net current liabilities of £478,918 at 31 March 2025 (2024: £499,220) the financial statements have been prepared on a going concern basis. This basis assumes the continuing support of the directors. The directors have confirmed their support.

Turnover

Turnover represents rents and service charges receivable and is measured at the fair value of the consideration received.

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Following a review by the Directors at the year end no revision was considered necessary to the cost of the investment property to reflect its fair value at 31 March 2025. The Directors assessed the fair value of the property using their overall knowledge of the properties and properties' condition combined with the appropriate industry rental yield multiples.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

616,509

NET BOOK VALUE

At 31 March 2025

616,509

At 31 March 2024

616,509

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

400

400

Prepayments and accrued income

8,489

7,649

8,889

8,049

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

3,300

Taxation

4,770

5,736

Other creditors

1,278

644

Directors' current accounts

502,799

502,799

Accruals and deferred income

2,670

3,024

511,517

515,503

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2