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REGISTERED NUMBER: 12964489 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Newton Developments Ltd

Newton Developments Ltd (Registered number: 12964489)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newton Developments Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: P Newton





REGISTERED OFFICE: 373 Finchampstead Road
Finchampstead
Wokingham
Berkshire
RG40 3JU





REGISTERED NUMBER: 12964489 (England and Wales)





ACCOUNTANTS: J.Y. Limited
Rangefield Court
Farnham Trading Estate
Farnham
Surrey
GU9 9NP

Newton Developments Ltd (Registered number: 12964489)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 194,558 194,558

CURRENT ASSETS
Debtors 5 1,210 216
Cash at bank and in hand 1,235 95,970
2,445 96,186
CREDITORS
Amounts falling due within one year 6 63,642 155,956
NET CURRENT LIABILITIES (61,197 ) (59,770 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,361

134,788

CREDITORS
Amounts falling due after more than one
year

7

130,312

133,989
NET ASSETS 3,049 799

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,949 699
SHAREHOLDERS' FUNDS 3,049 799

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

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

Newton Developments Ltd (Registered number: 12964489)

Balance Sheet - continued
31 October 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 director and authorised for issue on 8 March 2024 and were signed by:





P Newton - Director


Newton Developments Ltd (Registered number: 12964489)

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

1. STATUTORY INFORMATION

Newton Developments 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.

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.

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. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 194,558
NET BOOK VALUE
At 31 October 2023 194,558
At 31 October 2022 194,558

Newton Developments Ltd (Registered number: 12964489)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 1,210 216

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 692 164
Other creditors 62,950 155,792
63,642 155,956

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 130,312 133,989

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank mortgage 138,750 138,750

The mortgage is secured by a charge over the investment property.

9. RELATED PARTY DISCLOSURES

At the balance sheet date £43,609 (2022-£149,409) in Other creditors represents money owing to PSN Electrical Ltd, a company related by common control and ownership. £9,350 in Other creditors represents money owing to Greenpath Construction Ltd, a company related by common control and ownership.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Newton.