Company Registration No. 07788622 (England and Wales)
Houseway Ltd
Abbreviated unaudited accounts
for the year ended 30 September 2016
Houseway Ltd
Abbreviated Balance Sheet
as at 30 September 2016
Tangible assets
700,000
500,000
Cash at bank and in hand
1,168
424
Creditors: amounts falling due within one year
(176,584)
(189,202)
Net current liabilities
(175,416)
(188,778)
Total assets less current liabilities
524,584
311,222
Creditors: amounts falling due after more than one year
(227,051)
(226,961)
Called up share capital
1
1
Revaluation reserve
314,231
114,231
Profit and loss account
(16,699)
(29,971)
Total shareholders' funds
297,533
84,261
For the year ending 30 September 2016 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 22 June 2017
Pessi Schwarz
Director
Company Registration No. 07788622
Houseway Ltd
Notes to the Abbreviated Accounts
for the year ended 30 September 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents rents demanded during the year.
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.
Tangible fixed assets policy
In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or amortisation is provided in respect of freehold investment properties nor on leasehold investment properties having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act 2006, for all properties to be depreciated, is necessary, as the director considers that this accounting policy results in the financial statements giving true and fair view.
At 30 September 2016
700,000
At 30 September 2016
700,000
At 30 September 2015
500,000
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
