IRIS Accounts Production v23.3.0.418 00648838 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh006488382022-03-31006488382023-03-31006488382022-04-012023-03-31006488382021-03-31006488382021-04-012022-03-31006488382022-03-3100648838ns10:Originalns15:EnglandWales2022-04-012023-03-3100648838ns14:PoundSterlingns10:Original2022-04-012023-03-3100648838ns10:Originalns10:Director12022-04-012023-03-3100648838ns10:Original2022-04-012023-03-3100648838ns10:Original2023-03-3100648838ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3100648838ns10:Originalns10:SmallEntities2022-04-012023-03-3100648838ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-012023-03-3100648838ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3100648838ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3100648838ns10:Originalns10:FullAccounts2022-04-012023-03-3100648838ns10:Originalns10:Director22022-04-012023-03-3100648838ns10:Originalns10:Director32022-04-012023-03-3100648838ns10:Originalns10:Director42022-04-012023-03-3100648838ns10:Originalns10:Director52022-04-012023-03-3100648838ns10:CompanySecretary1ns10:Original2022-04-012023-03-3100648838ns10:Originalns10:RegisteredOffice2022-04-012023-03-3100648838ns10:Original2022-03-3100648838ns10:Originalns5:CurrentFinancialInstruments2023-03-3100648838ns10:Originalns5:CurrentFinancialInstruments2022-03-3100648838ns5:ShareCapitalns10:Original2023-03-3100648838ns5:ShareCapitalns10:Original2022-03-3100648838ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3100648838ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-03-3100648838ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3100648838ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3100648838ns10:Originalns5:FurnitureFittings2022-04-012023-03-3100648838ns10:Originalns5:MotorVehicles2022-04-012023-03-3100648838ns10:Originalns5:ComputerEquipment2022-04-012023-03-3100648838ns10:Original2021-04-012022-03-3100648838ns10:Originalns5:FurnitureFittings2022-03-3100648838ns10:Originalns5:MotorVehicles2022-03-3100648838ns10:Originalns5:ComputerEquipment2022-03-3100648838ns10:Original2022-03-3100648838ns10:Originalns5:FurnitureFittings2023-03-3100648838ns10:Originalns5:MotorVehicles2023-03-3100648838ns10:Originalns5:ComputerEquipment2023-03-3100648838ns10:Originalns5:FurnitureFittings2022-03-3100648838ns10:Originalns5:MotorVehicles2022-03-3100648838ns10:Originalns5:ComputerEquipment2022-03-3100648838ns10:Originalns5:CostValuation2022-03-3100648838ns10:Originalns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3100648838ns10:Originalns5:CostValuation2023-03-3100648838ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3100648838ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 00648838 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2023

for

NEWPORT ROAD SERVICE STATION (STAFFORD)
LIMITED

NEWPORT ROAD SERVICE STATION (STAFFORD)
LIMITED (REGISTERED NUMBER: 00648838)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

NEWPORT ROAD SERVICE STATION (STAFFORD)
LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: N P Sandy
Mrs L M Sandy
T R Sandy
B N Sandy
D W Sandy





SECRETARY: Mrs L M Sandy





REGISTERED OFFICE: 6 The Village
Walton on the Hill
Stafford
Staffordshire
ST17 0LQ





REGISTERED NUMBER: 00648838 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

NEWPORT ROAD SERVICE STATION (STAFFORD)
LIMITED (REGISTERED NUMBER: 00648838)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,653 11,776
Investments 5 - 15
Investment property 6 1,525,000 1,525,000
1,534,653 1,536,791

CURRENT ASSETS
Stocks 8,414 8,414
Debtors 7 2,526 -
Prepayments and accrued income 1,672 1,213
Cash at bank 196,265 192,924
208,877 202,551
CREDITORS
Amounts falling due within one year 8 55,842 52,007
NET CURRENT ASSETS 153,035 150,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,687,688

1,687,335

PROVISIONS FOR LIABILITIES 259 421
NET ASSETS 1,687,429 1,686,914

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Fair value reserve 1,283,761 1,283,761
Retained earnings 393,668 393,153
SHAREHOLDERS' FUNDS 1,687,429 1,686,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

NEWPORT ROAD SERVICE STATION (STAFFORD)
LIMITED (REGISTERED NUMBER: 00648838)

Balance Sheet - continued
31 March 2023


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 October 2023 and were signed on its behalf by:





N P Sandy - Director


NEWPORT ROAD SERVICE STATION (STAFFORD)
LIMITED (REGISTERED NUMBER: 00648838)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Newport Road Service Station (Stafford) 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

Stock Provision
The directors review stock held at the balance sheet date to ensure that only those goods deemed fit for future sales are included.

Turnover
Turnover represents the net invoiced value of rents receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 (2022 - 2 ) .

NEWPORT ROAD SERVICE STATION (STAFFORD)
LIMITED (REGISTERED NUMBER: 00648838)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 38,040 9,750 3,186 50,976
Disposals - (5,750 ) - (5,750 )
At 31 March 2023 38,040 4,000 3,186 45,226
DEPRECIATION
At 1 April 2022 29,401 6,693 3,106 39,200
Charge for year 1,296 750 20 2,066
Eliminated on disposal - (5,693 ) - (5,693 )
At 31 March 2023 30,697 1,750 3,126 35,573
NET BOOK VALUE
At 31 March 2023 7,343 2,250 60 9,653
At 31 March 2022 8,639 3,057 80 11,776

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 15
Impairments (15 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 15

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2013 (5,094 )
Valuation in 2014 (7 )
Valuation in 2015 2
Valuation in 2016 11
Valuation in 2023 (15 )
Cost 5,103

NEWPORT ROAD SERVICE STATION (STAFFORD)
LIMITED (REGISTERED NUMBER: 00648838)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,525,000
NET BOOK VALUE
At 31 March 2023 1,525,000
At 31 March 2022 1,525,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 1,078,791
Cost 446,209
1,525,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 2,526 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 22,239 18,638
Other creditors 33,603 33,369
55,842 52,007

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Newport Road Service Station (Stafford)
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 Newport Road Service Station (Stafford) Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Newport Road Service Station (Stafford) 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 Newport Road Service Station (Stafford) Limited and state those matters that we have agreed to state to the Board of Directors of Newport Road Service Station (Stafford) 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 Newport Road Service Station (Stafford) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Newport Road Service Station (Stafford) 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 Newport Road Service Station (Stafford) Limited. You consider that Newport Road Service Station (Stafford) 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 Newport Road Service Station (Stafford) 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.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


6 October 2023