Accounts filed on 30-09-2016

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			Company registration number:03843270
		PRIMEWAYS PROPERTIES LTD
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 30 September 2016

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PRIMEWAYS PROPERTIES LTD
BALANCE SHEET
AS AT 30 September 2016
			2016				2015
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			1,912,375				1,912,551
					1,912,375				1,912,551
CURRENT ASSETS
Cash at bank and in hand			92,507				34,232
			92,507				34,232
CREDITORS
Amounts falling due within one year			(244,823)				(263,182)
NET CURRENT ASSETS					(152,316)				(228,950)
TOTAL ASSETS LESS
CURRENT LIABILITIES					1,760,059				1,683,601
Creditors falling due after one year					(1,617,875)				(1,582,418)
NET ASSETS					142,184				101,183
CAPITAL AND RESERVES
Called-up equity share capital		3			6				6
Profit and loss account					142,178				101,177
SHAREHOLDERS FUNDS					142,184				101,183
For the year ending 30 September 2016 the company was entitled to exemptio section 477 of the Companies Act 2006 relating to small companies. secured
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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
..........................................................................
Mr K Hussain
27 June 2017
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 2016

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 January 2015).

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			3,304
	Provided during the period			176
	At end of period			3,480
	Net Book Value
	At start of period			1,912,551
	At end of period			1,912,375

3.	Share capital				Allotted, issued and fully paid
					2016	2015
					£	£
	Ordinary 'A' shares of £1 each				1	1
	Ordinary 'B' shares of £1 each				5	5
	Total issued share capital				6	6