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REGISTERED NUMBER: 03465678 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

NEWCASTLE PROPERTIES LIMITED

NEWCASTLE PROPERTIES LIMITED (REGISTERED NUMBER: 03465678)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWCASTLE PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 NOVEMBER 2023







DIRECTORS: Mr J J Rafferty
Mr K McDonagh





SECRETARY: Mrs C Rafferty





REGISTERED OFFICE: 260 - 270
Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: 4 Chepstow
Douglas Road
Harpenden
Hertfordshire
AL5 2HW





REGISTERED NUMBER: 03465678 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

NEWCASTLE PROPERTIES LIMITED (REGISTERED NUMBER: 03465678)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,338,000 1,338,000

CURRENT ASSETS
Debtors 5 125,684 142,684
Cash at bank 700 847
126,384 143,531
CREDITORS
Amounts falling due within one year 6 130,944 114,954
NET CURRENT (LIABILITIES)/ASSETS (4,560 ) 28,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,333,440

1,366,577

CREDITORS
Amounts falling due after more than one
year

7

(638,582

)

(640,279

)

PROVISIONS FOR LIABILITIES 9 (83,368 ) (63,360 )
NET ASSETS 611,490 662,938

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 594,968 614,976
Retained earnings 16,322 47,762
SHAREHOLDERS' FUNDS 611,490 662,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

NEWCASTLE PROPERTIES LIMITED (REGISTERED NUMBER: 03465678)

BALANCE SHEET - continued
30 NOVEMBER 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 20 March 2024 and were signed on its behalf by:





Mr J J Rafferty - Director


NEWCASTLE PROPERTIES LIMITED (REGISTERED NUMBER: 03465678)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Newcastle Properties Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

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 NIL (2022 - NIL).

NEWCASTLE PROPERTIES LIMITED (REGISTERED NUMBER: 03465678)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 1,338,000
NET BOOK VALUE
At 30 November 2023 1,338,000
At 30 November 2022 1,338,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 1,338,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 659,664 659,664

Investment property was valued on an open market basis on 30 November 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Debtors and prepayments 125,684 142,684

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,671 6,979
Corporation tax 25,629 19,763
Other creditors 62,175 62,175
Directors' current accounts 39,159 24,727
Accrued expenses 1,310 1,310
130,944 114,954

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 3,579
Mortgages 2 - 5 years 638,582 636,700
638,582 640,279

NEWCASTLE PROPERTIES LIMITED (REGISTERED NUMBER: 03465678)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans & overdrafts 2,671 10,558
Mortgages 638,582 636,700
641,253 647,258

The bank loan and mortgages are secured against the property to which they relate.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 83,368 63,360

Deferred
tax
£   
Balance at 1 December 2022 63,360
Change in tax rates 20,008
Balance at 30 November 2023 83,368

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholding.