IRIS Accounts Production v22.2.0.402 07891240 director 1.1.21 31.12.21 31.12.21 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure078912402020-12-31078912402021-12-31078912402021-01-012021-12-31078912402019-12-31078912402020-01-012020-12-31078912402020-12-3107891240ns16:EnglandWales2021-01-012021-12-3107891240ns15:PoundSterling2021-01-012021-12-3107891240ns11:Director12021-01-012021-12-3107891240ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3107891240ns11:SmallEntities2021-01-012021-12-3107891240ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3107891240ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3107891240ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3107891240ns11:FullAccounts2021-01-012021-12-3107891240ns11:RegisteredOffice2021-01-012021-12-3107891240ns6:CurrentFinancialInstruments2021-12-3107891240ns6:CurrentFinancialInstruments2020-12-3107891240ns6:Non-currentFinancialInstruments2021-12-3107891240ns6:Non-currentFinancialInstruments2020-12-3107891240ns6:ShareCapital2021-12-3107891240ns6:ShareCapital2020-12-3107891240ns6:RetainedEarningsAccumulatedLosses2021-12-3107891240ns6:RetainedEarningsAccumulatedLosses2020-12-3107891240ns6:Secured2021-12-3107891240ns6:Secured2020-12-31
REGISTERED NUMBER: 07891240 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Newgate Assets Limited

Newgate Assets Limited (Registered number: 07891240)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newgate Assets Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: A J Fitzgerald





REGISTERED OFFICE: 6 Rowan Court
19 The Avenue
Beckenham
Kent
BR3 5LH





REGISTERED NUMBER: 07891240 (England and Wales)






Newgate Assets Limited (Registered number: 07891240)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 434,746 434,746

CURRENT ASSETS
Stocks 14,244 3,960
Cash at bank and in hand 22,772 56,751
37,016 60,711
CREDITORS
Amounts falling due within one year 6 109,835 78,769
NET CURRENT LIABILITIES (72,819 ) (18,058 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,927

416,688

CREDITORS
Amounts falling due after more than one
year

7

-

83,114
NET ASSETS 361,927 333,574

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 361,827 333,474
SHAREHOLDERS' FUNDS 361,927 333,574

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.

Newgate Assets Limited (Registered number: 07891240)

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2022 and were signed by:





A J Fitzgerald - Director


Newgate Assets Limited (Registered number: 07891240)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Newgate Assets 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents rent receivable and consultancy fees during the year.

Investment property
Investment property is valued at cost which the director believe equates to fair value.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 434,746
NET BOOK VALUE
At 31 December 2021 434,746
At 31 December 2020 434,746

Newgate Assets Limited (Registered number: 07891240)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 7,373 14,684
Amounts owed to group undertakings 91,708 50,844
Taxation and social security 10,169 12,560
Other creditors 585 681
109,835 78,769

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans - 83,114

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years by instalments - 18,070

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Bank loans 7,373 97,798

The bank loan is secured by way of fixed and floating charge over the assets of the company.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J Fitzgerald.