GREATWAY LTD

GREATWAY LTD

GREATWAY LTD - Company Information

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GREATWAY LTD

Company Registration Number:
04661076 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2019

Period of accounts

Start date: 01 March 2018

End date: 28 February 2019

GREATWAY LTD

Contents of the Financial Statements

for the Period Ended 28 February 2019

Balance sheet
Notes

GREATWAY LTD

Balance sheet

As at 28 February 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 2 3,118,407 2,818,515
Total fixed assets: 3,118,407 2,818,515
Current assets
Debtors: 3 168,590 123,546
Cash at bank and in hand: 1,625 41,020
Total current assets: 170,215 164,566
Creditors: amounts falling due within one year: 4 (2,530,958) (2,450,567)
Net current assets (liabilities): (2,360,743) (2,286,001)
Total assets less current liabilities: 757,664 532,514
Creditors: amounts falling due after more than one year: 5 (214,325)
Provision for liabilities: (7,582) (10,293)
Total net assets (liabilities): 535,757 522,221
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:6504,659504,659
Profit and loss account: 30,998 17,462
Shareholders funds: 535,757 522,221

The notes form part of these financial statements

GREATWAY LTD

Balance sheet statements

For the year ending 28 February 2019 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 November 2019
and signed on behalf of the board by:

Name: Mrs R Jaffe
Status: Director

The notes form part of these financial statements

GREATWAY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Fixtures & fittings - 15% pa reducing balance

GREATWAY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2019

2. Tangible Assets

Total
Cost £
At 01 March 2018 2,819,883
Revaluations 300,000
At 28 February 2019 3,119,883
Depreciation
At 01 March 2018 1,368
Charge for year 108
At 28 February 2019 1,476
Net book value
At 28 February 2019 3,118,407
At 28 February 2018 2,818,515

GREATWAY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2019

3. Debtors

2019 2018
££
Debtors due after more than one year: 168,590 123,546

GREATWAY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2019

4. Creditors: amounts falling due within one year note

2019 - £2,530,9582018 - £2,450,567

GREATWAY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2019

5. Creditors: amounts falling due after more than one year note

2019 - £214,3252018 - £Nil

GREATWAY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2019

6. Revaluation reserve

2019
£
Balance at 01 March 2018 504,659
Surplus or deficit after revaluation 0
Balance at 28 February 2019 504,659

GREATWAY LTD

Notes to the Financial Statements

for the Period Ended 28 February 2019

7. Related party transactions

Name of the related party: Mr D Jaffe
Relationship:
Company Secretary
Description of the Transaction: Interest
£
Balance at 01 March 2018 43,619
Balance at 28 February 2019 54,159
Name of the related party: Mrs R Jaffe
Relationship:
Director
Description of the Transaction: Interest
£
Balance at 01 March 2018 43,618
Balance at 28 February 2019 54,159