Accounts filed on 30-09-2014

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			Company registration number:03843270
			PRIMEWAYS PROPERTIES LTD
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 30 September 2014

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PRIMEWAYS PROPERTIES LTD
BALANCE SHEET
AS AT 30 September 2014
			2014				2013
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			1,912,770				1,913,044
					1,912,770				1,913,044
CURRENT ASSETS
Cash at bank and in hand			85,863				37,209
			85,863				37,209
CREDITORS
Amounts falling due within one year			(269,257)				(175,592)
NET CURRENT ASSETS					(183,394)				(138,383)
TOTAL ASSETS LESS
CURRENT LIABILITIES					1,729,376				1,774,661
Creditors falling due after one year					(1,639,530)				(1,689,862)
NET ASSETS					89,846				84,799
CAPITAL AND RESERVES
Called-up equity share capital		3			6				6
Profit and loss account					89,840				84,793
SHAREHOLDERS FUNDS					89,846				84,799
For the year ending 30 September 2014 the company was entitled to exemptio 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 23 June 2015 and signed on its behalf.
..........................................................................
Mr K Hussain
23 June 2015
The annexed notes form part of these financial statements.

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PRIMEWAYS PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Statement of cashflow

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

Turnover

Turnover comprises the rent received from freehold properties owned by the company.

Fixed assets

In accordance with SSAP19, (i) investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation eserve, and (ii) no depreciation or amortisation is provided in respect of eehold investment properties. The company did not follow the requirements SSAP19 as set out in (i) above.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			1,915,855
	At end of period			1,915,855
	Depreciation
	At start of period			2,811
	Provided during the period			274
	At end of period			3,085
	Net Book Value
	At start of period			1,913,044
	At end of period			1,912,770

3.	Share capital				Allotted, issued and fully paid
					2014	2013
					£	£
	Ordinary 'A' shares of £1 each				1	1
	Ordinary 'B' shares of £1 each				5	5
	Total issued share capital				6	6