Thameway Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06375457 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

THAMEWAY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A C Laurence

J D Fawcett

SECRETARY:

N A C Laurence

REGISTERED OFFICE:

10 London Mews

Paddington

London

W2 1HY

REGISTERED NUMBER:

06375457 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

Paddington

London

W2 1HY

CURRENT ASSETS

Stocks

1,093,081

Debtors

4

242,397

129,474

Cash at bank and in hand

15,485

138,684

1,350,963

1,361,239

CREDITORS

Amounts falling due within one year

5

1,951,265

1,877,546

NET CURRENT LIABILITIES

(600,302

)

(516,307

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(600,302

)

(516,307

)

CREDITORS

Amounts falling due after more than one year

6

700,000

NET LIABILITIES

(1,300,302

)

(1,216,307

)

CAPITAL AND RESERVES

Called up share capital

7

2

Retained earnings

(1,300,304

)

(1,216,309

)

SHAREHOLDERS' FUNDS

(1,300,302

)

(1,216,307

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 on 5 November 2019 and were signed on its behalf by:

J D Fawcett - Director

N A C Laurence - Director

1.	STATUTORY INFORMATION

Thameway 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.

The accounts are prepared on a going concern basis. The directors believe this to be appropriate on the basis that they have

received assurances from the creditors that they will not require the repayment of advances made by them to the company

until the company has adequate funds to remain solvent.

Turnover

Turnover represents sale of property and letting agent fees net of VAT, and profit share on joint venture property

developments.

Rendering of services

Income is accounted for as follows:

Letting agents fees are receivable in advance when rent is received.

Property income is receivable on date of exchange.

Profit share is accounted for when distributed.

Stocks

Stocks are valued at the lower of cost and net realisable value.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and

liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement

constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts

discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective

interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Other debtors

242,397

129,474

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Trade creditors

4,459

(3,641

)

Taxation and social security

118

1,195

Other creditors

1,946,688

1,879,992

1,951,265

1,877,546

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

Bank loans

700,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

700,000

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

2

Ordinary

1

2

8.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £69,514 (2018 - £91,863) to James Laurence Middlegap Ltd, £620,255 (2018

- £614,804) to James Laurence Ltd, £1,014,622 (2018 - £1,017,370) to Reydene Ltd, £143,921 (2018 - £98,904) to

Aldwick Road LLP, £8,368 (2018 - £Nil) to JNR Properties LLP, £18,135 (2018 - (£1,604)) to Metro Lettings and

Management LLP and £6,341 (2018 - £Nil) to Hanover Square LLP which are included in other creditors. The directors of

the company have an interest in these businesses.

At the balance sheet date the company is owed £Nil (2018 - £47,221) by St Josephs BR LLP, £262 (2018 - £Nil) by

Metamorph Management Ltd, £262 (2018 - £Nil) by James L J Ltd and £89,684 (2018 - £69,915) by Sands Realty Ltd. The

directors have an interest in these businesses.

Thameway Limited - Accounts to registrar (filleted) - small 18.2

Thameway Limited - Accounts to registrar (filleted) - small 18.2