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Registered number: 14903171 FIRSTWAY THREE LTD Unaudited Financial statements Information for filing with the registrar For the Year Ended 31 May 2025
FIRSTWAY THREE LTD Registered number: 14903171 Balance sheet As at 31 May 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 1,000,000 |  | 1,000,000
|  |  | 1,000,000 |  | 1,000,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 632,303 |  | 494,479 |
Cash at bank and in hand | 6 | 1,652 |  | 2,665 |
|  | 633,955 |  | 497,144 |
Creditors: amounts falling due within one year | 7 | (1,096,556) |  | (952,500) |
Net current liabilities |  |  | (462,601) |  | (455,356)
Total assets less current liabilities |  |  | 537,399 |  | 544,644
Creditors: amounts falling due after more than one year | 8 |  | (580,125) |  | (580,125)
Net liabilities |  |  | (42,726) |  | (35,481)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Profit and loss account |  |  | (42,728) |  | (35,483)
|  |  | (42,726) |  | (35,481)
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 11 February 2026. Page 1
FIRSTWAY THREE LTD Registered number: 14903171 Balance sheet (continued) As at 31 May 2025
M Moskovits
Director
The notes on pages 3 to 5 form part of these financial statements. Page 2
FIRSTWAY THREE LTD Notes to the financial statements For the Year Ended 31 May 2025
1. | General information
Firstway Three Ltd is a private company limited by shares and registered in England and Wales. The registered address is at 166 Stamford Hill, London, N16 6QX. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and 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 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.4 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
3. | Employees
| The average monthly number of employees, including directors, during the year was 0 (2024 - 0).
Page 3
FIRSTWAY THREE LTD Notes to the financial statements For the Year Ended 31 May 2025
4. | Investment property
|  | Long term leasehold investment property
|  | £
| Valuation |
| At 1 June 2024 | 1,000,000
| At 31 May 2025 | 1,000,000
The 2025 valuations were made by the director, on an open market value for existing use basis.
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 1,000,000 | 1,000,000
|  | 1,000,000 | 1,000,000
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 632,303 | 494,479
|  | 632,303 | 494,479
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,652 | 2,665
|  | 1,652 | 2,665
Page 4
FIRSTWAY THREE LTD Notes to the financial statements For the Year Ended 31 May 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 1,095,836 | 951,780
| Accruals and deferred income | 720 | 720
|  | 1,096,556 | 952,500
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 580,125 | 580,125
|  | 580,125 | 580,125
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 580,125 | 580,125
|  | 580,125 | 580,125
| Details of security provided:
Bank loans are secured by way of fixed charge over the company's property.
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due after more than 5 years |  |
| Bank loans | 580,125 | 580,125
|  | 580,125 | 580,125
Page 5