Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-3132021-01-01falsean investment company3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08971285 2021-01-01 2021-12-31 08971285 2020-01-01 2020-12-31 08971285 2021-12-31 08971285 2020-12-31 08971285 c:Director1 2021-01-01 2021-12-31 08971285 d:FreeholdInvestmentProperty 2021-12-31 08971285 d:FreeholdInvestmentProperty 2020-12-31 08971285 d:CurrentFinancialInstruments 2021-12-31 08971285 d:CurrentFinancialInstruments 2020-12-31 08971285 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 08971285 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 08971285 d:ShareCapital 2021-12-31 08971285 d:ShareCapital 2020-12-31 08971285 d:SharePremium 2021-12-31 08971285 d:SharePremium 2020-12-31 08971285 d:RetainedEarningsAccumulatedLosses 2021-12-31 08971285 d:RetainedEarningsAccumulatedLosses 2020-12-31 08971285 c:OrdinaryShareClass1 2021-01-01 2021-12-31 08971285 c:OrdinaryShareClass1 2021-12-31 08971285 c:OrdinaryShareClass1 2020-12-31 08971285 c:OrdinaryShareClass2 2021-01-01 2021-12-31 08971285 c:OrdinaryShareClass2 2021-12-31 08971285 c:OrdinaryShareClass2 2020-12-31 08971285 c:FRS102 2021-01-01 2021-12-31 08971285 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 08971285 c:FullAccounts 2021-01-01 2021-12-31 08971285 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 08971285 6 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08971285










NEWSTEAD PARK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
NEWSTEAD PARK LIMITED
REGISTERED NUMBER: 08971285

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2021
2020
2020
Note
£
£
£
£

Fixed assets
  

Investments
 4 
1,293,739
1,241,526

Investment property
 5 
783,662
783,662

  
2,077,401
2,025,188

Current assets
  

Cash at bank and in hand
 6 
167,501
103,761

Creditors: amounts falling due within one year
 7 
(884,675)
(968,853)

Net current liabilities
  
 
 
(717,174)
 
 
(865,092)

Provisions for liabilities
  

Deferred tax
  
(12,935)
-

Net assets
  
1,347,292
1,160,096


Capital and reserves
  

Called up share capital - allotted and fully paid
 8 
1,000
1,000

Share premium account
  
963,853
963,853

Profit and loss account
  
382,439
195,243

  
1,347,292
1,160,096


Page 1

 
NEWSTEAD PARK LIMITED
REGISTERED NUMBER: 08971285
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Jane Bonning
Director

Date: 11 March 2022


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
NEWSTEAD PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Newstead Park Limited is a private limited company, incorporated in England and Wales.
The registered office and principal place of business is Beachamwell Hall, Beachamwell, Swaffham, Norfolk, PE37 8BQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

  
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and Value Added Tax. 

Page 3

 
NEWSTEAD PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
NEWSTEAD PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
NEWSTEAD PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 3).


4.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 January 2021
1,241,526


Additions
11,745


Disposals
(92,024)


Revaluations
132,492



At 31 December 2021
1,293,739





5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2021
783,662



At 31 December 2021
783,662

The 2021 valuations were made by the Directors, on an open market value for existing use basis.





6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
167,501
103,761


Page 6

 
NEWSTEAD PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Corporation tax
9,127
9,305

Other creditors
873,148
957,148

Accruals and deferred income
2,400
2,400

884,675
968,853



8.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



251 (2020 - 251) Ordinary shares of £1.00 each
251
251
749 (2020 - 749) Ordinary A shares of £1.00 each
749
749

1,000

1,000



9.


Related party transactions

At the end of the year an amount of £873,148 (2020: £957,148) was owed to Jane Bonning in respect of monies advanced to the Company through their directors' loan account. The amounts were interest free and with no set repayment terms.

 
Page 7