New Farm Tower Limited 13075761 false 2020-12-10 2022-03-31 2022-03-31 The principal activity of the company is letting own property. Digita Accounts Production Advanced 6.30.9574.0 true true 13075761 2020-12-10 2022-03-31 13075761 2022-03-31 13075761 bus:OrdinaryShareClass1 2022-03-31 13075761 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 13075761 bus:SmallEntities 2020-12-10 2022-03-31 13075761 bus:AuditExemptWithAccountantsReport 2020-12-10 2022-03-31 13075761 bus:FullAccounts 2020-12-10 2022-03-31 13075761 bus:SmallCompaniesRegimeForAccounts 2020-12-10 2022-03-31 13075761 bus:RegisteredOffice 2020-12-10 2022-03-31 13075761 bus:Director1 2020-12-10 2022-03-31 13075761 bus:OrdinaryShareClass1 2020-12-10 2022-03-31 13075761 bus:PrivateLimitedCompanyLtd 2020-12-10 2022-03-31 13075761 1 2020-12-10 2022-03-31 13075761 countries:England 2020-12-10 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13075761

New Farm Tower Limited

Annual Report and Unaudited Financial Statements

for the Period from 10 December 2020 to 31 March 2022

 

New Farm Tower Limited
(Registration number: 13075761)

Balance Sheet as at 31 March 2022

Note

2022
£

Fixed assets

 

Investment property

4

287,061

Creditors: Amounts falling due within one year

5

(287,937)

Net liabilities

 

(876)

Capital and reserves

 

Called up share capital

6

100

Retained earnings

(976)

Shareholders' deficit

 

(876)

For the financial period ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 10 August 2022 and signed on its behalf by:
 

.........................................
Mrs J Greig
Director

 

New Farm Tower Limited
(Registration number: 13075761)

Notes to the Unaudited Financial Statements for the Period from 10 December 2020 to 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 & 2 Tollgate Business Park
Tollgate West
Stanway
Colchester
Essex
CO3 8AB

The principal place of business is:
Wisbridge Farm
Reed
Royston
Hertfordshire
SG8 8AH

These financial statements were authorised for issue by the Board on 10 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate
determined annually. Changes in fair value are recognised in profit or loss. Deferred taxation is provided on these
gains at the rate expected to apply when the property is sold.

 

New Farm Tower Limited
(Registration number: 13075761)

Notes to the Unaudited Financial Statements for the Period from 10 December 2020 to 31 March 2022

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Investment properties

2022
£

Additions

287,061

At 31 March

287,061

There has been no valuation of investment property by an independent valuer.

 

New Farm Tower Limited
(Registration number: 13075761)

Notes to the Unaudited Financial Statements for the Period from 10 December 2020 to 31 March 2022

5

Creditors

Creditors: amounts falling due within one year

Note

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

285,599

Accruals and deferred income

 

2,338

 

287,937

 

New Farm Tower Limited
(Registration number: 13075761)

Notes to the Unaudited Financial Statements for the Period from 10 December 2020 to 31 March 2022

6

Share capital

Allotted, called up and fully paid shares

 

2022

 

No.

£

Ordinary of £1 each

100

100

     

7

Parent and ultimate parent undertaking

The company's immediate parent is Wisbridge Developments Limited, incorporated in England and Wales.