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REGISTERED NUMBER: 12604423 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Needen Holdings Ltd

Needen Holdings Ltd (Registered number: 12604423)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Needen Holdings Ltd (Registered number: 12604423)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,850,010 1,850,010

CURRENT ASSETS
Debtors 5 123,518 4,436
Cash at bank 163,968 93,431
287,486 97,867
CREDITORS
Amounts falling due within one year 6 247,211 82,623
NET CURRENT ASSETS 40,275 15,244
TOTAL ASSETS LESS CURRENT LIABILITIES 1,890,285 1,865,254

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,890,283 1,865,252
SHAREHOLDERS' FUNDS 1,890,285 1,865,254

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:





K B Moran - Director


Needen Holdings Ltd (Registered number: 12604423)

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

1. STATUTORY INFORMATION

Needen Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12604423

Registered office: Spring Court
Spring Road
Hale
Altrincham
Cheshire
WA14 2UQ

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.

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 Profit and Loss Account, 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 ) .

Needen Holdings Ltd (Registered number: 12604423)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 1,850,010
NET BOOK VALUE
At 31 May 2023 1,850,010
At 31 May 2022 1,850,010

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 3,394
VAT 122,396 -
Called up share capital not paid 2 2
Prepayments 1,120 1,040
123,518 4,436

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 13,701 9,052
Other creditors 233,510 73,571
247,211 82,623

7. ULTIMATE CONTROLLING PARTY

The controlling party is K B Moran.