1 October 2024 false Taxfiler 2024.6 true 12923986 business:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 12923986 2024-09-30 12923986 2024-10-01 2025-09-30 12923986 business:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 12923986 business:FilletedAccounts 2024-10-01 2025-09-30 12923986 2025-09-30 12923986 business:Director1 2024-10-01 2025-09-30 12923986 business:Director2 2024-10-01 2025-09-30 12923986 business:RegisteredOffice 2024-10-01 2025-09-30 12923986 2024-09-30 12923986 core:WithinOneYear 2025-09-30 12923986 core:WithinOneYear 2024-09-30 12923986 core:AfterOneYear 2025-09-30 12923986 core:AfterOneYear 2024-09-30 12923986 core:ShareCapital core:PreviouslyStatedAmount 2025-09-30 12923986 core:ShareCapital core:PreviouslyStatedAmount 2024-09-30 12923986 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-09-30 12923986 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-09-30 12923986 core:PreviouslyStatedAmount 2025-09-30 12923986 core:PreviouslyStatedAmount 2024-09-30 12923986 business:SmallEntities 2024-10-01 2025-09-30 12923986 countries:EnglandWales 2024-10-01 2025-09-30 12923986 core:AfterOneYear 2024-10-01 2025-09-30 12923986 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company Registration No. 12923986 (England and Wales)
Onewey Limited Unaudited accounts for the year ended 30 September 2025
Onewey Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Onewey Limited Company Information for the year ended 30 September 2025
Directors
D Borchard E Brenden
Company Number
12923986 (England and Wales)
Registered Office
5th Floor Bevis Marks House 24 Bevis Marks London EC3A 7JB United Kingdom
Accountants
Fosters & Gate Consultancy Limited 39 Brim Hill London N2 0HA
- 3 -
Onewey Limited Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
2,588,708
2,553,657
Current assets
Debtors
5
1,590
-
Cash at bank and in hand
24,175
70,953
25,765
70,953
Creditors: amounts falling due within one year
6
(315,015)
(444,655)
Net current liabilities
(289,250)
(373,702)
Total assets less current liabilities
2,299,458
2,179,955
Creditors: amounts falling due after more than one year
7
(2,317,047)
(2,235,452)
Net liabilities
(17,589)
(55,497)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(17,689)
(55,597)
Shareholders' funds
(17,589)
(55,497)
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2026 and were signed on its behalf by
D Borchard Director Company Registration No. 12923986
- 4 -
Onewey Limited Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Onewey Limited is a private company, limited by shares, registered in England and Wales, registration number 12923986. The registered office is 5th Floor Bevis Marks House, 24 Bevis Marks, London, EC3A 7JB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these accounts. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these accounts. Accordingly, they continue to adopt the going concern basis in preparing the accounts.
Foreign Currency
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date. Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
- 5 -
Onewey Limited Notes to the Accounts for the year ended 30 September 2025
Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below. Non-financial assets At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Financial assets An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. For financial assets carried at amortised cost, the amount of impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate. For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date. Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
Investment property
Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The fair value is determined annually by the directors, on an open market value for existing use basis.
Cash and cash equivalents
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 creditors: amounts falling due within one year.
- 6 -
Onewey Limited Notes to the Accounts for the year ended 30 September 2025
Financial instruments
The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. Financial assets Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings. Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial liabilities Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Financial assets and liabilities are offset and 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. Equity instruments Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
- 7 -
Onewey Limited Notes to the Accounts for the year ended 30 September 2025
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
4
Investment property
2025
£
Fair value at 1 October 2024
2,553,657
Additions
35,051
At 30 September 2025
2,588,708
The investment property was valued by the directors as at 30 September 2025 on an open market value basis by reference to market evidence of transaction prices for similar properties.
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,590
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings and other participating interests
290,000
411,908
Accruals
25,015
32,747
315,015
444,655
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
2,317,047
2,235,452
There are no amounts included above in respect of which any security has been given by the small entity.
8
Transactions with related parties
Transactions with the members of the group and with other related parties concluded under normal market conditions have not been disclosed as per section 1AC.35 of FRS 102.
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 8 -