IRIS Accounts Production v22.1.4.3 05669249 Board of Directors 1.5.21 30.4.22 30.4.22 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure056692492021-04-30056692492022-04-30056692492021-05-012022-04-30056692492020-04-30056692492020-05-012021-04-30056692492021-04-3005669249ns16:EnglandWales2021-05-012022-04-3005669249ns15:PoundSterling2021-05-012022-04-3005669249ns11:Director12021-05-012022-04-3005669249ns11:PrivateLimitedCompanyLtd2021-05-012022-04-3005669249ns11:SmallEntities2021-05-012022-04-3005669249ns11:AuditExemptWithAccountantsReport2021-05-012022-04-3005669249ns11:SmallCompaniesRegimeForDirectorsReport2021-05-012022-04-3005669249ns11:SmallCompaniesRegimeForAccounts2021-05-012022-04-3005669249ns11:FullAccounts2021-05-012022-04-3005669249ns11:Director22021-05-012022-04-3005669249ns11:Director32021-05-012022-04-3005669249ns11:RegisteredOffice2021-05-012022-04-3005669249ns6:CurrentFinancialInstruments2022-04-3005669249ns6:CurrentFinancialInstruments2021-04-3005669249ns6:Non-currentFinancialInstruments2022-04-3005669249ns6:Non-currentFinancialInstruments2021-04-3005669249ns6:ShareCapital2022-04-3005669249ns6:ShareCapital2021-04-3005669249ns6:RetainedEarningsAccumulatedLosses2022-04-3005669249ns6:RetainedEarningsAccumulatedLosses2021-04-3005669249ns6:PlantMachinery2021-05-012022-04-3005669249ns6:PlantMachinery2021-04-3005669249ns6:PlantMachinery2022-04-3005669249ns6:PlantMachinery2021-04-3005669249ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-3005669249ns6:WithinOneYearns6:CurrentFinancialInstruments2021-04-30
REGISTERED NUMBER: 05669249 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2022

for

New Level Hemel Limited

New Level Hemel Limited (Registered number: 05669249)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


New Level Hemel Limited

Company Information
for the Year Ended 30 April 2022







DIRECTORS: M Davies
P R Davies
J M Davies





REGISTERED OFFICE: 271 High Street
Berkhamsted
Herts
HP4 1AA





REGISTERED NUMBER: 05669249 (England and Wales)





ACCOUNTANTS: Stewarts Accountants Limited
271 High Street
Berkhamsted
Hertfordshire
HP4 1AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
New Level Hemel Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of New Level Hemel Limited for the year ended 30 April 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of New Level Hemel Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of New Level Hemel Limited and state those matters that we have agreed to state to the Board of Directors of New Level Hemel Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than New Level Hemel Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that New Level Hemel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of New Level Hemel Limited. You consider that New Level Hemel Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of New Level Hemel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stewarts Accountants Limited
271 High Street
Berkhamsted
Hertfordshire
HP4 1AA


6 June 2022

New Level Hemel Limited (Registered number: 05669249)

Balance Sheet
30 April 2022

30.4.22 30.4.21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,734 1,422
Investment property 5 987,000 880,000
988,734 881,422

CURRENT ASSETS
Debtors 6 5,022 896
Cash at bank 4,100 7,779
9,122 8,675
CREDITORS
Amounts falling due within one year 7 49,596 22,487
NET CURRENT LIABILITIES (40,474 ) (13,812 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

948,260

867,610

CREDITORS
Amounts falling due after more than one
year

8

(547,934

)

(547,934

)

PROVISIONS FOR LIABILITIES (46,425 ) (26,036 )
NET ASSETS 353,901 293,640

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 353,501 293,240
SHAREHOLDERS' FUNDS 353,901 293,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

New Level Hemel Limited (Registered number: 05669249)

Balance Sheet - continued
30 April 2022


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 Board of Directors and authorised for issue on 6 June 2022 and were signed on its behalf by:





P R Davies - Director


New Level Hemel Limited (Registered number: 05669249)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

New Level Hemel 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 1 ) .

New Level Hemel Limited (Registered number: 05669249)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 May 2021 9,587
Additions 890
At 30 April 2022 10,477
DEPRECIATION
At 1 May 2021 8,165
Charge for year 578
At 30 April 2022 8,743
NET BOOK VALUE
At 30 April 2022 1,734
At 30 April 2021 1,422

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2021 880,000
Revaluations 107,000
At 30 April 2022 987,000
NET BOOK VALUE
At 30 April 2022 987,000
At 30 April 2021 880,000

Fair value at 30 April 2022 is represented by:
£   
Valuation in 2017 257,000
Valuation in 2020 80,000
Valuation in 2022 107,000
Cost 543,000
987,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Trade debtors 1,320 -
Other debtors 3,702 896
5,022 896

New Level Hemel Limited (Registered number: 05669249)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Taxation and social security 281 1,520
Other creditors 49,315 20,967
49,596 22,487

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.22 30.4.21
£    £   
Other creditors 547,934 547,934

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.