IRIS Accounts Production v23.3.0.418 03234332 Board of Directors 1.2.22 31.1.23 31.1.23 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032343322022-01-31032343322023-01-31032343322022-02-012023-01-31032343322021-01-31032343322021-02-012022-01-31032343322022-01-3103234332ns10:Originalns15:EnglandWales2022-02-012023-01-3103234332ns14:PoundSterlingns10:Original2022-02-012023-01-3103234332ns10:Originalns10:Director12022-02-012023-01-3103234332ns10:Original2022-02-012023-01-3103234332ns10:Original2023-01-3103234332ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3103234332ns10:Originalns10:SmallEntities2022-02-012023-01-3103234332ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3103234332ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3103234332ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3103234332ns10:Originalns10:FullAccounts2022-02-012023-01-3103234332ns10:Originalns10:OrdinaryShareClass12022-02-012023-01-3103234332ns10:Originalns10:Director22022-02-012023-01-3103234332ns10:CompanySecretary1ns10:Original2022-02-012023-01-3103234332ns10:Originalns10:RegisteredOffice2022-02-012023-01-3103234332ns10:Original2022-01-3103234332ns10:Originalns5:CurrentFinancialInstruments2023-01-3103234332ns10:Originalns5:CurrentFinancialInstruments2022-01-3103234332ns5:ShareCapitalns10:Original2023-01-3103234332ns5:ShareCapitalns10:Original2022-01-3103234332ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3103234332ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3103234332ns10:Original2021-02-012022-01-3103234332ns10:Original2022-01-3103234332ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3103234332ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3103234332ns10:Originalns5:CurrentFinancialInstruments2022-02-012023-01-3103234332ns10:Originalns10:OrdinaryShareClass12023-01-3103234332ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3103234332ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-012023-01-31
REGISTERED NUMBER: 03234332 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

NEWPEAK PROPERTIES LIMITED

NEWPEAK PROPERTIES LIMITED (REGISTERED NUMBER: 03234332)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NEWPEAK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: H Rothbard
D Schreiber





SECRETARY: Mrs. R Niederman





REGISTERED OFFICE: 147 Stamford Hill
London
N16 5LG





REGISTERED NUMBER: 03234332 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

NEWPEAK PROPERTIES LIMITED (REGISTERED NUMBER: 03234332)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Investment property 5 500,000 500,000

CURRENT ASSETS
Debtors 6 985 4,911
Cash at bank 5 5
990 4,916
CREDITORS
Amounts falling due within one year 7 (36,598 ) (39,864 )
NET CURRENT LIABILITIES (35,608 ) (34,948 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

464,392

465,052

PROVISIONS FOR LIABILITIES (42,407 ) (42,407 )
NET ASSETS 421,985 422,645

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 421,983 422,643
SHAREHOLDERS' FUNDS 421,985 422,645

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

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

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 24 October 2023 and were signed on its behalf by:



D Schreiber - Director


NEWPEAK PROPERTIES LIMITED (REGISTERED NUMBER: 03234332)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Newpeak Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all its financial liabilities.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

NEWPEAK PROPERTIES LIMITED (REGISTERED NUMBER: 03234332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 500,000
NET BOOK VALUE
At 31 January 2023 500,000
At 31 January 2022 500,000

Fair value at 31 January 2023 is represented by:
£   
Valuation in 1999 8,984
Valuation in 2000 35,000
Valuation in 2016 250,000
Valuation in 2017 50,000
Cost 156,016
500,000

If Investment property had not been revalued it would have been included at the following historical cost:

31.1.23 31.1.22
£    £   
Cost 156,016 156,016

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 985 4,911

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Payments on account 4,767 4,767
Trade creditors 4,350 12,550
Taxation and social security 350 350
Other creditors 27,131 22,197
36,598 39,864

Included in other creditors is £6,773 (2018: £6,773) due to Ritz Properties Limited and £1,333 (2018: £1,333) due to Midos Investments Limited, companies with common directors.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
2 Ordinary £1 2 2

NEWPEAK PROPERTIES LIMITED (REGISTERED NUMBER: 03234332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

9. RESERVES
Retained
earnings
£   

At 1 February 2022 422,643
Deficit for the year (660 )
At 31 January 2023 421,983

10. RELATED PARTY DISCLOSURES

Rents and charges receivable amounted to £36,335 (2018: £33,646) received from The Schreib Trust, one of the trustees of which is connected to a director of this company. These rents are charged at commercial rates.

During the year under review, the company paid charitable donations that amounted to £27,200 (2018: £27,600) to a charity that has a trustee who is connected to a director of this company.