Threeways Property Ltd iXBRL

Company Registration Number: 16337060

Threeways Property Ltd

Unaudited Financial Statements

for the financial period from 24 March 2025 (date of incorporation) to 31 October 2025

Threeways Property Ltd

Company Registration Number: 16337060

Balance Sheet

as at 31 October 2025

Oct 25

Notes

Fixed Assets

Investment properties

750,000

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Current Assets

Debtors

Cash at bank and in hand

1,503

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1,602

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Creditors: amounts falling due within one year

(3,453)

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Net Current Liabilities

(1,851)

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Total Assets less Current Liabilities

748,149

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Capital and Reserves

Called up share capital

100

Revaluation reserve

749,999

Retained earnings

(1,950)

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Shareholders' Funds

748,149

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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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial period from 24 March 2025 (date of incorporation) to 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 21 September 2026 and signed on its behalf by

________________________________

H J Archer

Director

________________________________

Z M Archer

Director

Threeways Property Ltd

Notes to the Financial Statements

for the financial period from 24 March 2025 (date of incorporation) to 31 October 2025

General Information

Threeways Property Ltd is a company limited by shares incorporated and registered in the England and Wales. The registered number of the company is 16337060. The registered office of the company is The Bungalow, Ellifoot Lane, Burstwick, Hull, HU12 9EF, United Kingdom which is also the principal place of business of the company. The principal activity of the company is that of the letting and operating of own properties. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial period ended 31 October 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Investment properties

Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business.

Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Period of financial statements

The financial statements are for the 7 month 8 days period from 24 March 2025 (date of incorporation) to 31 October 2025.

Statement on previous periods

The company did not present financial statements for previous periods.

Employees

The average monthly number of employees, including directors, during the financial period was 3, (Mar 25 - 3).

Investment Properties

Investment

properties

Fair value

At 24 March 2025

Additions

Revaluation

749,999

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At 31 October 2025

750,000

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On 31 July 2025 the company's investment property was revalued by M Peel MRICS and J Barnett BSC (Hon) MRICS on behalf of Lambert Smith Hampton.


7.	Debtors	Oct 25
		£

	Called up share capital not paid	99
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8.	Creditors	Oct 25
	Amounts falling due within one year	£

	Amounts owed to related parties (Note 10)	2,578
	Accruals	875
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		3,453
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Capital commitments

The company had no material capital commitments at the financial period-ended 31 October 2025.

10.

Related party transactions

Oct 25

Finance amounts owed to related parties

2,578

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Threeways Filling Station Ltd (a company with the same directorships and shareholders).

As at 31 October 2025 Threeways Property Ltd owed Threeways Filling Station Ltd £2,578.


11.	Changes in Equity

	Other Comprehensive Income	Oct 25
		£

	Revaluation reserve unrealised movement on revaluation of property	749,999
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12.	Share capital	Oct 25
		£

	Allotted and called up Ordinary shares of £1.00 each	100
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