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REGISTERED NUMBER: 13090984 (England and Wales)










Financial Statements

for the Year Ended 31 December 2023

for

Newlands H and I Ltd

Newlands H and I Ltd (Registered number: 13090984)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Newlands H and I Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: H Newlands





REGISTERED OFFICE: 35 Pasture Road
Embsay
Skipton
North Yorkshire
BD23 6RQ





REGISTERED NUMBER: 13090984 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

Newlands H and I Ltd (Registered number: 13090984)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,739 15,986

CURRENT ASSETS
Debtors 5 15,815 29,328
Cash at bank 40,058 17,109
55,873 46,437
CREDITORS
Amounts falling due within one year 6 (23,882 ) (32,760 )
NET CURRENT ASSETS 31,991 13,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,730

29,663

PROVISIONS FOR LIABILITIES (2,040 ) (3,037 )
NET ASSETS 40,690 26,626

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 40,590 26,526
SHAREHOLDERS' FUNDS 40,690 26,626

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 March 2024 and were signed by:




H Newlands - Director


Newlands H and I Ltd (Registered number: 13090984)

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

1. STATUTORY INFORMATION

Newlands H and I Ltd 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.

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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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 2 (2022 - 2 ) .

Newlands H and I Ltd (Registered number: 13090984)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 18,963 5,321 848 25,132
Additions - - 960 960
At 31 December 2023 18,963 5,321 1,808 26,092
DEPRECIATION
At 1 January 2023 4,422 4,236 488 9,146
Charge for year 4,741 1,064 402 6,207
Reclassification/transfer 2,108 (2,108 ) - -
At 31 December 2023 11,271 3,192 890 15,353
NET BOOK VALUE
At 31 December 2023 7,692 2,129 918 10,739
At 31 December 2022 14,541 1,085 360 15,986

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 14,416 28,531
VAT 426 -
Prepayments 973 797
15,815 29,328

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 33 -
Corporation tax 10,733 17,666
Wages control account 244 -
Director's current account 11,616 14,058
Accrued expenses 1,256 1,036
23,882 32,760

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

Newlands H and I Ltd (Registered number: 13090984)

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

8. RESERVES
Retained
earnings
£   

At 1 January 2023 26,526
Profit for the year 40,064
Dividends (26,000 )
At 31 December 2023 40,590

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £23,400 were paid to the director for the year ended 31st December 2023 (2022 - £25,200). The company owed the director £11,616 as at 31st December 2023 (2022 - £14,058).