Silverfin false false 30/11/2023 01/12/2022 30/11/2023 Dr Mark Christopher Dale 09/12/2013 21 March 2024 The principal activity of the company continued to be that of ownership and letting of commercial property. 08771819 2023-11-30 08771819 bus:Director1 2023-11-30 08771819 2022-11-30 08771819 core:CurrentFinancialInstruments 2023-11-30 08771819 core:CurrentFinancialInstruments 2022-11-30 08771819 core:Non-currentFinancialInstruments 2023-11-30 08771819 core:Non-currentFinancialInstruments 2022-11-30 08771819 core:ShareCapital 2023-11-30 08771819 core:ShareCapital 2022-11-30 08771819 core:RetainedEarningsAccumulatedLosses 2023-11-30 08771819 core:RetainedEarningsAccumulatedLosses 2022-11-30 08771819 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:Non-currentFinancialInstruments 2023-11-30 08771819 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:Non-currentFinancialInstruments 2022-11-30 08771819 2022-12-01 2023-11-30 08771819 bus:FilletedAccounts 2022-12-01 2023-11-30 08771819 bus:SmallEntities 2022-12-01 2023-11-30 08771819 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 08771819 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08771819 bus:Director1 2022-12-01 2023-11-30 08771819 2021-12-01 2022-11-30 08771819 core:CurrentFinancialInstruments 2022-12-01 2023-11-30 08771819 core:Non-currentFinancialInstruments 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Company No: 08771819 (England and Wales)

NEWLINE ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

NEWLINE ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2023

Contents

NEWLINE ESTATES LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2023
NEWLINE ESTATES LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2023
DIRECTOR Dr Mark Christopher Dale
SECRETARY Catherine Dale
REGISTERED OFFICE 19 Park Road
Lytham St. Annes
FY8 1PW
United Kingdom
COMPANY NUMBER 08771819 (England and Wales)
ACCOUNTANT MHA Moore and Smalley
Richard House
9 Winckley Square
Preston
PR1 3HP
United Kingdom
NEWLINE ESTATES LIMITED

BALANCE SHEET

AS AT 30 NOVEMBER 2023
NEWLINE ESTATES LIMITED

BALANCE SHEET (continued)

AS AT 30 NOVEMBER 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 3,141,997 2,257,681
3,141,997 2,257,681
Current assets
Cash at bank and in hand 4 14,754 37,518
14,754 37,518
Creditors: amounts falling due within one year 5 ( 236,149) ( 138,943)
Net current liabilities (221,395) (101,425)
Total assets less current liabilities 2,920,602 2,156,256
Creditors: amounts falling due after more than one year 6 ( 2,741,185) ( 2,009,580)
Net assets 179,417 146,676
Capital and reserves
Called-up share capital 10 10
Profit and loss account 179,407 146,666
Total shareholder's funds 179,417 146,676

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

Director's responsibilities:

The financial statements of Newline Estates Limited (registered number: 08771819) were approved and authorised for issue by the Director on 21 March 2024. They were signed on its behalf by:

Dr Mark Christopher Dale
Director
NEWLINE ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 2023
NEWLINE ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 NOVEMBER 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

Newline Estates 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 19 Park Road, Lytham St. Annes, FY8 1PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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.

2. Employees

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

3. Investment property

Investment property
£
Valuation
As at 01 December 2022 2,257,681
Additions 884,316
As at 30 November 2023 3,141,997

Valuation

All investment properties were valued by independent Chartered Surveyors in January 2022. The overall value of the portfolio is not materially different to the cost. All properties are leased and have lease terms of between 2 and 6 years.

The investment properties are disclosed at fair value which is determined to be materially equivalent to historical cost.

4. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 14,754 37,518

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 181,000 108,333
Taxation and social security 25,851 11,358
Other creditors 29,298 19,252
236,149 138,943

In respect of the bank loan disclosed as less than one year and more than one year, the provider of the loan has a debenture over the assets of the company.

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 1,453,750 1,159,167
Amounts owed to connected companies 1,287,435 850,413
2,741,185 2,009,580

In respect of the bank loan disclosed as more than one year and more than one year, the provider of the loan has a debenture over the assets of the company.