Goodway (Properties) Limited - Limited company - abbreviated - 11.6

Goodway (Properties) Limited - Limited company - abbreviated - 11.6

GOODWAY (PROPERTIES) LIMITED - Company Information

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REGISTERED NUMBER: 00802515 (England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Goodway (Properties) Limited

Goodway (Properties) Limited (Registered number: 00802515)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Goodway (Properties) Limited

Company Information
for the Year Ended 31 March 2015







DIRECTORS: Miss A H Goodway
Mrs K A Goodway





SECRETARY: Mrs K A Goodway





REGISTERED OFFICE: 8/10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 00802515 (England and Wales)





ACCOUNTANTS: Williams & Co
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF
Page 1
Goodway (Properties) Limited (Registered number: 00802515)

Abbreviated Balance Sheet
31 March 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 115,492 115,973

CURRENT ASSETS
Debtors 18,698 22,336
Cash at bank 114,092 122,973
132,790 145,309
CREDITORS
Amounts falling due within one year 27,192 38,807
NET CURRENT ASSETS 105,598 106,502
TOTAL ASSETS LESS CURRENT
LIABILITIES
221,090
222,475

PROVISIONS FOR LIABILITIES 2,927 2,927
NET ASSETS 218,163 219,548

CAPITAL AND RESERVES
Called up share capital 3 20,000 20,000
Profit and loss account 198,163 199,548
SHAREHOLDERS' FUNDS 218,163 219,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 14 July 2015 and were signed on its
behalf by:





Miss A H Goodway - Director


The notes form part of these abbreviated accounts

Page 2
Goodway (Properties) Limited (Registered number: 00802515)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2015

1. ACCOUNTING POLICIES

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

Turnover
Turnover represents rents receivable, excluding value added tax where applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Investment properties
Certain of the company's properties are held for long-term investment. Investment properties are
accounted for in accordance with SSAP 19.

No depreciation is provided in respect of investment properties.

This treatment as regards the company's investment properties may be a departure from the
requirements of the Companies Act concerning the depreciation of fixed assets. However, these
properties are not held for consumption but for investment an the directors consider that systematic
annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for
the financial statements to give a true and fair view. Depreciation or amortisation is only one of many
factors reflected in the annual valuation and the amount which might otherwise have been shown
cannot be separately identified or quantified.

The properties are stated at cost since in the opinion of the directors they have a value in excess of
cost but in the present economic conditions a valuation at current market value will serve no useful
purpose.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 122,366
DEPRECIATION
At 1 April 2014 6,393
Charge for year 481
At 31 March 2015 6,874
NET BOOK VALUE
At 31 March 2015 115,492
At 31 March 2014 115,973

Page 3 continued...
Goodway (Properties) Limited (Registered number: 00802515)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2015

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
20,000 Ordinary £1 20,000 20,000

4. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, who own 100% of the share capital.

Page 4