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REGISTERED NUMBER: 08195912 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

New House Finance Limited

New House Finance Limited (Registered number: 08195912)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


New House Finance Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr M Houseley
Mr S Bryan





REGISTERED OFFICE: Units 15 & 16
7 Wenlock Road
London
N1 7SL





REGISTERED NUMBER: 08195912 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

New House Finance Limited (Registered number: 08195912)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 269,758 269,758

CURRENT ASSETS
Debtors 5 367,603 237,850
Cash at bank 147,388 75,894
514,991 313,744
CREDITORS
Amounts falling due within one year 6 (84,471 ) (32,473 )
NET CURRENT ASSETS 430,520 281,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

700,278

551,029

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 700,275 551,026
SHAREHOLDERS' FUNDS 700,278 551,029

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.

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 7 November 2023 and were signed on its behalf by:





Mr M Houseley - Director


New House Finance Limited (Registered number: 08195912)

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

1. STATUTORY INFORMATION

New House Finance 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2022
and 31 March 2023 269,758
NET BOOK VALUE
At 31 March 2023 269,758
At 31 March 2022 269,758

New House Finance Limited (Registered number: 08195912)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 365,084 230,934
Directors' current accounts 1,901 6,916
Tax 618 -
367,603 237,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 81,567 29,570
Accrued expenses 2,904 2,903
84,471 32,473

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr M Houseley
Balance outstanding at start of year 6,916 (12,703 )
Amounts advanced 2,406 19,715
Amounts repaid (7,421 ) (96 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,901 6,916

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Houseley.