Silverfin false 30/04/2023 01/05/2022 30/04/2023 Mr C Johnstone 03/04/2019 Mrs F E Mcmahon 11/02/2020 31 October 2023 The principal activity of the Company during the financial year is management consultancy activities. 11922251 2023-04-30 11922251 bus:Director1 2023-04-30 11922251 bus:Director2 2023-04-30 11922251 2022-04-30 11922251 core:CurrentFinancialInstruments 2023-04-30 11922251 core:CurrentFinancialInstruments 2022-04-30 11922251 core:ShareCapital 2023-04-30 11922251 core:ShareCapital 2022-04-30 11922251 core:RetainedEarningsAccumulatedLosses 2023-04-30 11922251 core:RetainedEarningsAccumulatedLosses 2022-04-30 11922251 core:OtherPropertyPlantEquipment 2022-04-30 11922251 core:OtherPropertyPlantEquipment 2023-04-30 11922251 bus:OrdinaryShareClass1 2023-04-30 11922251 2022-05-01 2023-04-30 11922251 bus:FullAccounts 2022-05-01 2023-04-30 11922251 bus:SmallEntities 2022-05-01 2023-04-30 11922251 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 11922251 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11922251 bus:Director1 2022-05-01 2023-04-30 11922251 bus:Director2 2022-05-01 2023-04-30 11922251 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-05-01 2023-04-30 11922251 2021-05-01 2022-04-30 11922251 core:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 11922251 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 11922251 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11922251 (England and Wales)

NEWLANDS CAPITAL LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

NEWLANDS CAPITAL LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

NEWLANDS CAPITAL LIMITED

BALANCE SHEET

As at 30 April 2023
NEWLANDS CAPITAL LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,608 2,569
1,608 2,569
Current assets
Debtors 4 58,526 16,564
Cash at bank and in hand 35,209 57,974
93,735 74,538
Creditors: amounts falling due within one year 5 ( 413,164) ( 161,630)
Net current liabilities (319,429) (87,092)
Total assets less current liabilities (317,821) (84,523)
Net liabilities ( 317,821) ( 84,523)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 317,921 ) ( 84,623 )
Total shareholders' deficit ( 317,821) ( 84,523)

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Newlands Capital Limited (registered number: 11922251) were approved and authorised for issue by the Board of Directors on 31 October 2023. They were signed on its behalf by:

Mr C Johnstone
Director
NEWLANDS CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
NEWLANDS CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Newlands Capital Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The Company's principle place of business is: 29 Prince Consort Drive, Ascot, Berkshire, SL5 8AQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2022 4,802 4,802
At 30 April 2023 4,802 4,802
Accumulated depreciation
At 01 May 2022 2,233 2,233
Charge for the financial year 961 961
At 30 April 2023 3,194 3,194
Net book value
At 30 April 2023 1,608 1,608
At 30 April 2022 2,569 2,569

4. Debtors

2023 2022
£ £
Trade debtors 12,378 0
Other debtors 46,148 16,564
58,526 16,564

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 10,000 275
Taxation and social security ( 4,924) ( 4,924)
Other creditors 408,088 166,279
413,164 161,630

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100