2 false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2021 - FRS102_2021 6,460 2,918 1,181 4,099 2,361 3,542 xbrli:pure xbrli:shares iso4217:GBP 04974489 2022-12-01 2023-11-30 04974489 2023-11-30 04974489 2022-11-30 04974489 2021-12-01 2022-11-30 04974489 2022-11-30 04974489 bus:Director2 2022-12-01 2023-11-30 04974489 core:WithinOneYear 2023-11-30 04974489 core:WithinOneYear 2022-11-30 04974489 core:ShareCapital 2023-11-30 04974489 core:ShareCapital 2022-11-30 04974489 core:CapitalRedemptionReserve 2023-11-30 04974489 core:CapitalRedemptionReserve 2022-11-30 04974489 core:RetainedEarningsAccumulatedLosses 2023-11-30 04974489 core:RetainedEarningsAccumulatedLosses 2022-11-30 04974489 core:CostValuation core:Non-currentFinancialInstruments 2022-11-30 04974489 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-11-30 04974489 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 04974489 core:Non-currentFinancialInstruments 2023-11-30 04974489 core:Non-currentFinancialInstruments 2022-11-30 04974489 bus:Director2 2022-11-30 04974489 bus:Director2 2023-11-30 04974489 bus:Director2 2021-11-30 04974489 bus:Director2 2022-11-30 04974489 bus:Director2 2021-12-01 2022-11-30 04974489 bus:SmallEntities 2022-12-01 2023-11-30 04974489 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 04974489 bus:FullAccounts 2022-12-01 2023-11-30 04974489 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 04974489 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04974489 core:OfficeEquipment 2022-12-01 2023-11-30 04974489 core:OfficeEquipment 2023-11-30 04974489 core:OfficeEquipment 2022-11-30
COMPANY REGISTRATION NUMBER: 04974489
Newline Property Limited
Filleted Unaudited Financial Statements
30 November 2023
Newline Property Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
2,361
3,542
Investments
6
1
120,001
-----------
-----------
2,362
123,543
Current assets
Debtors
7
10,000
Cash at bank and in hand
247,442
102,225
-----------
-----------
257,442
102,225
Creditors: amounts falling due within one year
8
( 27,590)
( 3,672)
-----------
-----------
Net current assets
229,852
98,553
-----------
-----------
Total assets less current liabilities
232,214
222,096
-----------
-----------
Net assets
232,214
222,096
-----------
-----------
Newline Property Limited
Statement of Financial Position (continued)
30 November 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
51
51
Capital redemption reserve
49
49
Profit and loss account
232,114
221,996
-----------
-----------
Shareholders funds
232,214
222,096
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 March 2024 , and are signed on behalf of the board by:
Mrs K W Travis
Director
Company registration number: 04974489
Newline Property Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Westage Lane, Great Budworth, Northwich, Cheshire, CW9 6HJ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 December 2022 and 30 November 2023
6,460
6,460
-----------
-----------
Depreciation
At 1 December 2022
2,918
2,918
Charge for the year
1,181
1,181
-----------
-----------
At 30 November 2023
4,099
4,099
-----------
-----------
Carrying amount
At 30 November 2023
2,361
2,361
-----------
-----------
At 30 November 2022
3,542
3,542
-----------
-----------
6. Investments
Shares in group undertakings
Other investments other than loans
Total
£
£
£
Cost
At 1 December 2022
1
120,000
120,001
Disposals
( 120,000)
( 120,000)
-----------
-----------
-----------
At 30 November 2023
1
1
-----------
-----------
-----------
Impairment
At 1 December 2022 and 30 November 2023
-----------
-----------
-----------
Carrying amount
At 30 November 2023
1
1
-----------
-----------
-----------
At 30 November 2022
1
120,000
120,001
-----------
-----------
-----------
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
7. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
10,000
-----------
-----------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1
1
Corporation tax
337
Other creditors
27,252
3,671
-----------
-----------
27,590
3,672
-----------
-----------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs K W Travis
( 2,132)
( 23,394)
( 25,526)
-----------
-----------
-----------
-----------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs K W Travis
( 12,809)
10,677
( 2,132)
-----------
-----------
-----------
-----------