Conway Property Company (Witney) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05244169 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

FOR

CONWAY PROPERTY COMPANY (WITNEY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C T Hayter

SECRETARY:

Mrs J Hayter

REGISTERED OFFICE:

Jervis House Curbridge Business Park

Downs Road

Witney

Oxfordshire

OX29 7WJ

REGISTERED NUMBER:

05244169 (England and Wales)

ACCOUNTANTS:

Jamesons Limited

Jamesons House

Compton Way

Witney

OX28 3AB

FIXED ASSETS

Tangible assets

5

12,768,091

9,808,844

CURRENT ASSETS

Debtors

6

49,702

146,409

Cash at bank

2,009,418

4,089,411

2,059,120

4,235,820

CREDITORS

Amounts falling due within one year

7

498,689

627,569

NET CURRENT ASSETS

1,560,431

3,608,251

TOTAL ASSETS LESS CURRENT LIABILITIES

14,328,522

13,417,095

CREDITORS

Amounts falling due after more than one year

8

(904,000

)

(800,000

)

PROVISIONS FOR LIABILITIES

(42,086

)

(35,446

)

NET ASSETS

13,382,436

12,581,649

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

13,382,336

12,581,549

SHAREHOLDERS' FUNDS

13,382,436

12,581,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2022 and were signed by:

Mr C T Hayter - Director

1.	STATUTORY INFORMATION

Conway Property Company (Witney) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Financial instruments

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 July 2021

11,880,732

142,688

5,096

Additions

3,185,331

30,708

-

At 30 June 2022

15,066,063

173,396

5,096

DEPRECIATION

At 1 July 2021

2,078,022

142,688

5,096

Charge for year

245,445

7,677

-

At 30 June 2022

2,323,467

150,365

5,096

NET BOOK VALUE

At 30 June 2022

12,742,596

23,031

-

At 30 June 2021

9,802,710

-

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2021

37,182

2,091

12,067,789

Additions

-

-

3,216,039

At 30 June 2022

37,182

2,091

15,283,828

DEPRECIATION

At 1 July 2021

31,048

2,091

2,258,945

Charge for year

3,670

-

256,792

At 30 June 2022

34,718

2,091

2,515,737

NET BOOK VALUE

At 30 June 2022

2,464

-

12,768,091

At 30 June 2021

6,134

-

9,808,844

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

16,723

146,327

Other debtors

30,258

82

Directors' loan accounts

2,721

-

49,702

146,409

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

6,113

12,000

Amounts owed to group undertakings

102,500

101,680

Tax

123,696

145,396

Social security and other taxes

4,800

81,816

Other creditors

258,580

283,667

Directors' loan accounts

-

10

Accrued expenses

3,000

3,000

498,689

627,569

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other creditors

904,000

800,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

1

100

100

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors' subsisted during the years ended 30 June 2021 and 30 June 2022:

2022

2021

£

£

Balance outstanding at start of year

-

-

Amounts advanced

2,721

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of the year

2,721

-

The advances were interest free, unsecured and repayable on demand.