Thanet Way Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12450011

Thanet Way Limited

Filleted Unaudited Financial Statements

For the period ended

28 February 2026

Thanet Way Limited

Statement of Financial Position

28 February 2026

	2026	2025
Note	£	£

Current assets

Stocks		12,500,000	14,183,167
Debtors	4	8,476	23,457
Cash at bank and in hand		4,006	1,075
		-------------	-------------
		12,512,482	14,207,699

Creditors: amounts falling due within one year	5	14,410,729	14,223,007
		-------------	-------------
Net current liabilities		1,898,247	15,308
		------------	--------
Total assets less current liabilities		( 1,898,247)	( 15,308)

Creditors: amounts falling due after more than one year	6	–	3,333
		------------	--------
Net liabilities		( 1,898,247)	( 18,641)
		------------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 1,898,347)	( 18,741)
	------------	--------
Shareholders deficit	( 1,898,247)	( 18,641)
	------------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have 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 Act with respect to accounting records and the preparation of financial statements .

Thanet Way Limited

Statement of Financial Position (continued)

28 February 2026

These financial statements were approved by the board of directors and authorised for issue on 4 June 2026 , and are signed on behalf of the board by:

A Nicolas
Director

Company registration number: 12450011

Thanet Way Limited

Notes to the Financial Statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hyde House, The Hyde, Edgware Road, London, NW9 6LA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Debtors

	2026	2025
	£	£
Other debtors	8,476	23,457
	-------	--------

5. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	3,497	10,000
Other creditors	14,407,232	14,213,007
	-------------	-------------
	14,410,729	14,223,007
	-------------	-------------

6. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	3,333
	----	-------

The bank loan is repayable by monthly repayments over a period of six years. Interest is charged at 2.5% per annum.