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REGISTERED NUMBER: 04058207















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

BRIAN NEWSON DEVELOPMENTS LIMITED

BRIAN NEWSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04058207)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

BRIAN NEWSON DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTOR: B M Newson



SECRETARY: Mrs J D Newson



REGISTERED OFFICE: 4 Nelson Road
Caister-on-Sea
Great Yarmouth
Norfolk
NR30 5DY



REGISTERED NUMBER: 04058207



ACCOUNTANTS: Edward Back & Co
Mancroft Towers
Oulton Broad
Lowestoft
Suffolk
NR32 3PS



BANKERS: Lloyds TSB Bank plc
16 Gentlemans Walk
Norwich
Norfolk

BRIAN NEWSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04058207)

STATEMENT OF FINANCIAL POSITION
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 132,580 139,110

CURRENT ASSETS
Stocks 5 1,605,648 1,293,310
Debtors 6 929,127 130,918
Cash at bank 916,403 2,065,129
3,451,178 3,489,357
CREDITORS
Amounts falling due within one year 7 577,526 607,507
NET CURRENT ASSETS 2,873,652 2,881,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,006,232

3,020,960

CREDITORS
Amounts falling due after more than one
year

8

(28,333

)

(38,333

)

PROVISIONS FOR LIABILITIES 10 (5,482 ) (6,801 )
NET ASSETS 2,972,417 2,975,826

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 2,972,415 2,975,824
SHAREHOLDERS' FUNDS 2,972,417 2,975,826

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BRIAN NEWSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04058207)

STATEMENT OF FINANCIAL POSITION - continued
31ST AUGUST 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th February 2024 and were signed by:





B M Newson - Director


BRIAN NEWSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04058207)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

Brian Newson Developments Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BRIAN NEWSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04058207)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st September 2022 103,080 74,405 6,510 55,438 239,433
Additions - - 555 - 555
At 31st August 2023 103,080 74,405 7,065 55,438 239,988
DEPRECIATION
At 1st September 2022 - 57,425 3,435 39,463 100,323
Charge for year - 2,547 544 3,994 7,085
At 31st August 2023 - 59,972 3,979 43,457 107,408
NET BOOK VALUE
At 31st August 2023 103,080 14,433 3,086 11,981 132,580
At 31st August 2022 103,080 16,980 3,075 15,975 139,110

5. STOCKS
2023 2022
£    £   
Development land 305,405 49,402
Work-in-progress - 45,606
Finished houses 1,300,243 1,198,302
1,605,648 1,293,310

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 13 -
Value added tax 4,114 5,918
Loan account - S. Asbury 125,000 125,000
Loan account - Sequoia Rise 800,000 -
929,127 130,918

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,075 7,857
Tax 1,458 53,372
Social security and other taxes 520 521
Other creditors 9,500 654
Directors' current accounts 561,545 543,684
Accrued expenses 1,428 1,419
577,526 607,507

BRIAN NEWSON DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04058207)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 28,333 38,333

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 18,333 28,333

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,482 6,801

Deferred
tax
£   
Balance at 1st September 2022 6,801
Accelerated capital allowances (1,319 )
Balance at 31st August 2023 5,482

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

12. RESERVES
Retained
earnings
£   

At 1st September 2022 2,975,824
Profit for the year 591
Dividends (4,000 )
At 31st August 2023 2,972,415

BRIAN NEWSON DEVELOPMENTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
BRIAN NEWSON DEVELOPMENTS LIMITED

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31st August 2023 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Edward Back & Co
Mancroft Towers
Oulton Broad
Lowestoft
Suffolk
NR32 3PS


9th February 2024