Hornway Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02090777 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Hornway Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr T Low

Ms J K Walby

Dr R J Walker

REGISTERED OFFICE:

96a Savernake Road

London

NW3 2JR

REGISTERED NUMBER:

02090777 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,512

2,512

CURRENT ASSETS

Cash at bank

11,166

9,034

CREDITORS

Amounts falling due within one year

5

2,982

2,982

NET CURRENT ASSETS

8,184

6,052

TOTAL ASSETS LESS CURRENT LIABILITIES

10,696

8,564

CAPITAL AND RESERVES

Called up share capital

6

99

99

Retained earnings held for

future maintenance

7

10,597

8,465

SHAREHOLDERS' FUNDS

10,696

8,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and expenditure account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2022 and were signed on its behalf by:

Ms J K Walby - Director

1.	STATUTORY INFORMATION

Hornway Properties 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Revenue

Revenue represents amount receivable from three lessees to cover the expenditures of the freehold property at 96 Savernake Road, London, NW3 2JR.

Tangible fixed assets

The company acquired the interest in the freehold land on 16 July 1987. Freehold property is situated at 96 Savernake Road, London, NW3 2JR and is shown at cost. No depreciation has been provided on the freehold.

Provision for future maintenance

The company is not run with the intention of making profit. During the year £100 per month have been collected by each leaseholder, who is also a shareholder, to cover the repairs, maintenance and other expenses. Funds have been collected from time to time from the lessees to cover any repairs in excess of the general maintenance.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2021

and 31 March 2022

2,512

NET BOOK VALUE

At 31 March 2022

2,512

At 31 March 2021

2,512

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Directors' current accounts

2,412

2,412

Accrued expenses

570

570

2,982

2,982

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

99

Ordinary

1

99

99

7.

RESERVES

Income and expenditure account includes all current and prior period retained surplus and deficit.

8.	RELATED PARTY DISCLOSURES

There are no transactions undertaken with which the directors have a personal interest.

9.	COMPANIES ACT 2006

In certain instances these financial statements do not use the terminology laid down by the Companies Act 2006. However, such departures give a better understanding of the results and fulfil the requirement to show a true and fair view.