Registration number: 04623548

Hemway Properties Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 6

Hemway Properties Limited

(Registration number: 04623548)
Balance Sheet as at 30 June 2025

	Note	2025 £	(As restated) 2024 £
Fixed assets
Tangible assets	4	19,200	24,000
Investment property	5	2,891,078	2,891,078
		2,910,278	2,915,078
Current assets
Debtors	6	867,061	940,600
Cash at bank and in hand		18,913	2,063
		885,974	942,663
Creditors: Amounts falling due within one year	7	(1,026,583)	(992,245)
Net current liabilities		(140,609)	(49,582)
Total assets less current liabilities		2,769,669	2,865,496
Creditors: Amounts falling due after more than one year	7	(949,005)	(1,038,438)
Provisions for liabilities		(28,339)	(24,691)
Net assets		1,792,325	1,802,367
Capital and reserves
Called up share capital		2	2
Other reserves		1,346,025	1,346,025
Profit and loss account		446,298	456,340
Shareholders' funds		1,792,325	1,802,367

Hemway Properties Limited

(Registration number: 04623548)
Balance Sheet as at 30 June 2025

For the financial year ending 30 June 2025 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 October 2026
 

......................................... Mr B J Hemmings Director

Hemway Properties Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

The principal place of business is:
The Dower House
Hall Lane
Hankelow
Cheshire
CW3 0JB

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Hemway Properties Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Investment property

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRS 102, as follows:

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Hemway Properties Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 July 2024	30,000	30,000
At 30 June 2025	30,000	30,000
Depreciation
At 1 July 2024	6,000	6,000
Charge for the year	4,800	4,800
At 30 June 2025	10,800	10,800
Carrying amount
At 30 June 2025	19,200	19,200
At 30 June 2024	24,000	24,000

5	Investment properties

	2025 £
At 1 July	2,891,078
At 30 June	2,891,078

There has been no valuation of investment property by an independent valuer.

Hemway Properties Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		46,651	63,309
Amounts owed by related parties		820,203	877,134
Prepayments		207	157
		867,061	940,600

7

Creditors

Creditors: amounts falling due within one year

	2025 £	(As restated) 2024 £
Due within one year
Bank loans and overdrafts	121,746	69,499
Trade creditors	111,789	74,492
Amounts owed to group undertakings	710,290	688,758
Taxation and social security	15,652	21,124
Other creditors	67,106	138,372
	1,026,583	992,245
Due after one year
Loans and borrowings	949,005	1,038,438

8	Prior period errors

During the preparation of the financial statements a fundamental error was found in the prior period. It was discovered that there was additional mortgage interest incurred: As a result, the financial statements for 2024 has been restated thus; Creditors have increased £149,634 Retained earnings have decreased by £149,634