Myway Developments Limited - Accounts to registrar (filleted) - small 18.2

Myway Developments Limited - Accounts to registrar (filleted) - small 18.2

MYWAY DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 03817182 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

MYWAY DEVELOPMENTS LIMITED
MYWAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03817182)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MYWAY DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: N Cooke





SECRETARY: Mrs M L Cooke





REGISTERED OFFICE: Verdemar House
230 Park View
Whitley Bay
Tyne and Wear
NE26 3QR





REGISTERED NUMBER: 03817182 (England and Wales)





ACCOUNTANTS: T. O'Sullivan Limited
Chartered Certified Accountants
230 Park View
Whitley Bay
Tyne and Wear
NE26 3QR
Page 1
MYWAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03817182)

ABRIDGED BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 640,000 640,000

CURRENT ASSETS
Debtors 130,000 131,203
Cash at bank 226,143 223,925
356,143 355,128
CREDITORS
Amounts falling due within one year 15,953 15,863
NET CURRENT ASSETS 340,190 339,265
TOTAL ASSETS LESS CURRENT
LIABILITIES
980,190
979,265

PROVISIONS FOR LIABILITIES 5 81,047 81,047
NET ASSETS 899,143 898,218

CAPITAL AND RESERVES
Called up share capital 6 1 1
Non distributable reserves 426,563 426,563
Retained earnings 472,579 471,654
SHAREHOLDERS' FUNDS 899,143 898,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
MYWAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03817182)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2022 and were signed by:





N Cooke - Director


The notes form part of these financial statements

Page 3
MYWAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03817182)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Myway Developments 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 640,000
NET BOOK VALUE
At 31 December 2021 640,000
At 31 December 2020 640,000

5. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 81,047 81,047

Deferred
tax
£   
Balance at 1 January 2021 81,047
Balance at 31 December 2021 81,047

Page 4 continued...
MYWAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03817182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
1 Ordinary £1 1 1

Page 5