Company Registration No. 10189874 (England and Wales)
CONWAY EDWARDS PROPERTY COMPANY LTD
Unaudited accounts
for the year ended 31 May 2021
CONWAY EDWARDS PROPERTY COMPANY LTD
Unaudited accounts
Contents
CONWAY EDWARDS PROPERTY COMPANY LTD
Company Information
for the year ended 31 May 2021
Directors
Paul Conway
Christina Conway
Karl Edwards
Company Number
10189874 (England and Wales)
Registered Office
10 JUNIPER CLOSE
WORTHING
BN13 3PR
ENGLAND
Accountants
Conway Accounting and Financial Solutions Ltd
10 Juniper Close
Worthing
W Sussex
BN13 3PR
CONWAY EDWARDS PROPERTY COMPANY LTD
Statement of financial position
as at 31 May 2021
Tangible assets
645,608
647,962
Cash at bank and in hand
7,642
9,060
Creditors: amounts falling due within one year
(625)
(2,043)
Net current assets
7,017
7,017
Total assets less current liabilities
652,625
654,979
Creditors: amounts falling due after more than one year
(471,084)
(471,084)
Provisions for liabilities
Other provisions
(35,700)
(35,700)
Net assets
145,841
148,195
Called up share capital
100
100
Revaluation reserve
174,300
174,300
Profit and loss account
(28,559)
(26,205)
Shareholders' funds
145,841
148,195
For the year ending 31 May 2021 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2022 and were signed on its behalf by
Karl Edwards
Director
Company Registration No. 10189874
CONWAY EDWARDS PROPERTY COMPANY LTD
Notes to the Accounts
for the year ended 31 May 2021
CONWAY EDWARDS PROPERTY COMPANY LTD is a private company, limited by shares, registered in England and Wales, registration number 10189874. The registered office is 10 JUNIPER CLOSE, WORTHING, BN13 3PR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.3% SL
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Included in the accounts is a deferred tax provision of £35,700 in respect of the property revaluation.
CONWAY EDWARDS PROPERTY COMPANY LTD
Notes to the Accounts
for the year ended 31 May 2021
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2020
619,554
36,728
656,282
At 31 May 2021
619,554
36,728
656,282
At 1 June 2020
-
8,320
8,320
Charge for the year
-
2,354
2,354
At 31 May 2021
-
10,674
10,674
At 31 May 2021
619,554
26,054
645,608
At 31 May 2020
619,554
28,408
647,962
5
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
(2)
(2)
Loans from directors
507
360
6
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
446,925
446,925
Other creditors
19,453
19,453
Loans from directors
4,706
4,706
Included in the amount falling due after one year, is £446,925.00 in respect of a mortgage from Shawbrook Bank Ltd, which is secured on the property.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
During the year the company made the following related party transactions-
Conway Accounting and Financial Solutions Ltd.
Paul Conway and Christina Conway are Directors of Conway Accounting and Financial Solutions Ltd who provide accountancy services at normal business rates. During the period, costs of £143.00 were incurred.
CONWAY EDWARDS PROPERTY COMPANY LTD
Notes to the Accounts
for the year ended 31 May 2021
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).
