For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Conway Land & Property Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5, Cullet Drive, Queenborough, Kent, ME11 5JS.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover represents rental income earned from the company’s investment property and is measured at the fair value of the consideration received or receivable, excluding VAT (where applicable).

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Rental income is recognised on a straight‑line basis over the period of the lease or licence agreement, in accordance with the principles of FRS 102 Section 23 – Revenue and FRS 102 Section 1A (small entities). Income is recognised when the company’s right to consideration has been established, and economic benefits are expected to flow to the company.

Where tenants pay amounts in advance (e.g., rent in advance, deposits), the income is recognised as deferred income in the balance sheet until the related rental period occurs.

In the event of rent arrears, income is recognised only to the extent that collection is considered probable. Any rent concessions, lease modifications, or incentives provided to tenants are recognised over the remaining lease term in accordance with the substance of the arrangement.

The company does not undertake the provision of additional services to tenants; therefore, turnover consists solely of rental income derived from the company’s single investment property.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its 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 and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. 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. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

The average monthly number of persons (including directors) employed by the company during the year was:

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 July 2025 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Together Commercial Finance Limited held a floating charge that covered all the property and undertaking of the company, dated 23 May 2023. This has now been satisfied.

Together Commercial Finance Limited also held a charge containing a negative pledge, over the property. This is also dated 23 May 2023. This has now been satisfied.

The Mortgage Works (UK) PLC hold a fixed and floating charge, dated 05 August 2025, over 108 Sheppey Beach Villas, Sheerness, Kent, ME12 4QY.