Company Registration No. 12302185 (England and Wales)
SHOREWAY PROPERTIES LIMITED
Unaudited accounts
for the year ended 30 November 2025
SHOREWAY PROPERTIES LIMITED
Unaudited accounts
Contents
SHOREWAY PROPERTIES LIMITED
Company Information
for the year ended 30 November 2025
Directors
Dr. Mumtaz Maher
Dr. Saadia Rasul Virk
Company Number
12302185 (England and Wales)
Registered Office
30 Clarence Terrace
London,
NW1 4RD
England
Accountants
Genius Accountancy Ltd
27 Old Gloucester Street
London
WC1N 3AX
SHOREWAY PROPERTIES LIMITED
Statement of financial position
as at 30 November 2025
Tangible assets
29,978
59,956
Investment property
6,875,000
7,579,482
Cash at bank and in hand
73,977
86,507
Creditors: amounts falling due within one year
(3,330,117)
(3,327,117)
Net current liabilities
(3,106,422)
(3,228,837)
Total assets less current liabilities
3,798,556
4,410,601
Creditors: amounts falling due after more than one year
(1,962,500)
(1,958,093)
Net assets
1,836,056
2,452,508
Called up share capital
2,700,000
2,700,000
Fair value reserve
(587,752)
-
Profit and loss account
(276,192)
(247,492)
Shareholders' funds
1,836,056
2,452,508
For the year ending 30 November 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 28 August 2026 and were signed on its behalf by
Dr. Saadia Rasul Virk
Director
Company Registration No. 12302185
SHOREWAY PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 November 2025
SHOREWAY PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12302185. The registered office is 30 Clarence Terrace, London,, NW1 4RD, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Average number of employees
Average number of employees also include directors.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.33%
SHOREWAY PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 November 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2024
149,890
28,000
177,890
At 30 November 2025
149,890
28,000
177,890
At 1 December 2024
89,934
28,000
117,934
Charge for the year
29,978
-
29,978
At 30 November 2025
119,912
28,000
147,912
At 30 November 2025
29,978
-
29,978
At 30 November 2024
59,956
-
59,956
Fair value at 1 December 2024
7,579,482
Net loss from fair value adjustments
(725,620)
At 30 November 2025
6,875,000
Amounts falling due within one year
Deferred tax asset
137,868
-
Accrued income and prepayments
11,850
11,773
7
Creditors: amounts falling due within one year
2025
2024
Other creditors
6,000
6,000
Loans from directors
3,324,117
3,317,117
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
1,962,500
1,958,093
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).