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REGISTERED NUMBER: 10159705 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

NEWSTEAD PROPERTY BUYERS LTD

NEWSTEAD PROPERTY BUYERS LTD (REGISTERED NUMBER: 10159705)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWSTEAD PROPERTY BUYERS LTD

Company Information
for the Year Ended 31 May 2023







DIRECTORS: H D T Williams
Mrs Williams





SECRETARY:





REGISTERED OFFICE: 10 Cockshutts Lane
Oughtibridge
Sheffield
South Yorkshire
S35 0FX





REGISTERED NUMBER: 10159705 (England and Wales)





ACCOUNTANT: Hill and Co Accountants
106 Holme Lane
Hillsborough
Sheffield
South Yorkshire
S6 4JW

NEWSTEAD PROPERTY BUYERS LTD (REGISTERED NUMBER: 10159705)

Balance Sheet
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,268,866 1,269,156
Investments 5 13,515 13,515
1,282,381 1,282,671

CURRENT ASSETS
Debtors 6 2,563 2,431
Cash at bank 85,058 49,549
87,621 51,980
CREDITORS
Amounts falling due within one year 7 653,418 646,514
NET CURRENT LIABILITIES (565,797 ) (594,534 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

716,584

688,137

CREDITORS
Amounts falling due after more than one
year

8

643,280

643,280
NET ASSETS 73,304 44,857

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73,204 44,757
SHAREHOLDERS' FUNDS 73,304 44,857

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

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

NEWSTEAD PROPERTY BUYERS LTD (REGISTERED NUMBER: 10159705)

Balance Sheet - continued
31 May 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 22 February 2024 and were signed on its behalf by:





H D T Williams - Director


NEWSTEAD PROPERTY BUYERS LTD (REGISTERED NUMBER: 10159705)

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

1. STATUTORY INFORMATION

Newstead Property Buyers Ltd 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 NIL (2022 - NIL).

NEWSTEAD PROPERTY BUYERS LTD (REGISTERED NUMBER: 10159705)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 1,250,625 21,191 1,271,816
DEPRECIATION
At 1 June 2022 - 2,660 2,660
Charge for year - 290 290
At 31 May 2023 - 2,950 2,950
NET BOOK VALUE
At 31 May 2023 1,250,625 18,241 1,268,866
At 31 May 2022 1,250,625 18,531 1,269,156

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 June 2022
and 31 May 2023 13,515
NET BOOK VALUE
At 31 May 2023 13,515
At 31 May 2022 13,515

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/23 31/5/22
£    £   
Other debtors 2,563 2,431

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans and overdrafts 895 287
Trade creditors - (1 )
Taxation and social security 6,741 1,059
Other creditors 645,782 645,169
653,418 646,514

NEWSTEAD PROPERTY BUYERS LTD (REGISTERED NUMBER: 10159705)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/23 31/5/22
£    £   
Other creditors 643,280 643,280

Amounts falling due in more than five years:

Repayable by instalments
Shawbrook 121,500 121,500
Shawbrook2 101,756 101,756
Paragon 220,230 220,230
Paragon2 199,794 199,794
643,280 643,280