REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2023 |
for |
Newcav Properties Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2023 |
for |
Newcav Properties Limited |
Newcav Properties Limited (Registered number: 07300554) |
Contents of the Financial Statements |
for the Year Ended 30 June 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Newcav Properties Limited |
Company Information |
for the Year Ended 30 June 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Newcav Properties Limited (Registered number: 07300554) |
Balance Sheet |
30 June 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Newcav Properties Limited (Registered number: 07300554) |
Notes to the Financial Statements |
for the Year Ended 30 June 2023 |
1. | STATUTORY INFORMATION |
Newcav Properties Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The principal accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 July 2022 |
Impairments | ( |
) |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
5. | DEBTORS |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
Amounts falling due after more than one year: |
Amounts owed by participating interests | 564,386 | 564,386 |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Other creditors |
Accrued expenses |
Newcav Properties Limited (Registered number: 07300554) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
7. | RELATED PARTY DISCLOSURES |
RCP Property Management Limited ("RCPPM") |
Mr C Rayden and Mr P Rayden are directors and shareholders of RCPPM. |
2023 | 2022 |
£ | £ |
Amount due from related party at balance sheet date | 27,169 | 25,519 |
Newcav Investments Limited ("NI") |
100% subsidiary of the company. |
2023 | 2022 |
£ | £ |
Amount due to related party at balance sheet date | - | 61 |
Residential Suburban Land Limited ("RSL") |
A company in which Newcav Properties Limited is a shareholder |
Newcav Properties Limited has made a loan to RSL. This loan is unsecured, interest is charged on this loan with effect from 1 January 2016 to 15 September 2021 at 4.5% above the Bank of England base rate. Following which the loan became non interest bearing. |
The loan is repayable on 15 September 2025. |
2023 | 2022 |
£ | £ |
Amount due to related party at balance sheet date | 564,386 | 564,386 |
8. | ULTIMATE CONTROLLING PARTY |
The company is ultimately controlled by Mr Paul Rayden by virtue of his investment in the parent company (RCP Property Management Limited). |