Fiveways Property Ltd - Accounts to registrar (filleted) - small 23.1.2

Fiveways Property Ltd - Accounts to registrar (filleted) - small 23.1.2

FIVEWAYS PROPERTY LTD - Company Information

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REGISTERED NUMBER: 09202212 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2022

for

Fiveways Property Ltd
Humm Accountancy Services Limited
19 Bowood Road
London
SW11 6PE








Fiveways Property Ltd (Registered number: 09202212)






Contents of the Financial Statements
for the Year Ended 30 September 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fiveways Property Ltd

Company Information
for the Year Ended 30 September 2022







DIRECTORS: Mr P Woulfe-Flanagan
Mr M Woulfe-Flanagan





REGISTERED OFFICE: 28 Cheltenham Way
Cleethorpes
South Humberside
DN35 0UG





REGISTERED NUMBER: 09202212 (England and Wales)





ACCOUNTANTS: Humm Accountancy Services Limited
19 Bowood Road
London
SW11 6PE
Page 1
Fiveways Property Ltd (Registered number: 09202212)

Balance Sheet
30 September 2022

30/9/22 30/9/21
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 135,000 135,000

CURRENT ASSETS
Debtors 5 302,737 302,737
Cash at bank 14,185 8,494
316,922 311,231
CREDITORS
Amounts falling due within one year 6 515,034 509,546
NET CURRENT LIABILITIES (198,112 ) (198,315 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(63,112
)
(63,315
)

PROVISIONS FOR LIABILITIES 1,313 1,313
NET LIABILITIES (64,425 ) (64,628 )

The notes form part of these financial statements

Page 2 continued...
Fiveways Property Ltd (Registered number: 09202212)

Balance Sheet - continued
30 September 2022

30/9/22 30/9/21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (64,525 ) (64,728 )
(64,425 ) (64,628 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 May 2023 and were signed on its behalf by:





Mr M Woulfe-Flanagan - Director


The notes form part of these financial statements

Page 3
Fiveways Property Ltd (Registered number: 09202212)

Notes to the Financial Statements
for the Year Ended 30 September 2022

1. STATUTORY INFORMATION

Fiveways Property Ltd 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. 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.

Significant judgements and estimates
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover represents amounts receivable for rents.

Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Page 4 continued...
Fiveways Property Ltd (Registered number: 09202212)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2021
and 30 September 2022 135,000
NET BOOK VALUE
At 30 September 2022 135,000
At 30 September 2021 135,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors at the year end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/22 30/9/21
£    £   
Other debtors 402,737 402,737
Bad debt provision (100,000 ) (100,000 )
302,737 302,737

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/22 30/9/21
£    £   
Other creditors 515,034 509,546

Page 5