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REGISTERED NUMBER: 00780203 (England and Wales)











Financial Statements

for the Year Ended 31 March 2023

for

NEWHAM ENTERPRISES LIMITED

NEWHAM ENTERPRISES LIMITED (REGISTERED NUMBER: 00780203)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWHAM ENTERPRISES LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr D M Bloom
Dr N Bogatcheva





SECRETARY: Mr D M Bloom





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 00780203 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

NEWHAM ENTERPRISES LIMITED (REGISTERED NUMBER: 00780203)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 18,922 18,922
Investment property 5 1,160,000 1,160,000
1,178,922 1,178,922

CURRENT ASSETS
Debtors 6 314,744 483,524
Cash at bank 4,256 7,066
319,000 490,590
CREDITORS
Amounts falling due within one year 7 736,661 769,932
NET CURRENT LIABILITIES (417,661 ) (279,342 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

761,261

899,580

PROVISIONS FOR LIABILITIES 9 192,168 192,168
NET ASSETS 569,093 707,412

CAPITAL AND RESERVES
Called up share capital 10 1,800 1,800
Revaluation reserve 11 558,793 558,793
Retained earnings 8,500 146,819
SHAREHOLDERS' FUNDS 569,093 707,412

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

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

NEWHAM ENTERPRISES LIMITED (REGISTERED NUMBER: 00780203)

Balance Sheet - continued
31 March 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 18 January 2024 and were signed on its behalf by:





Mr D M Bloom - Director


NEWHAM ENTERPRISES LIMITED (REGISTERED NUMBER: 00780203)

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

1. STATUTORY INFORMATION

Newham Enterprises 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.

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

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 2 (2022 - NIL ) .

NEWHAM ENTERPRISES LIMITED (REGISTERED NUMBER: 00780203)

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

4. FIXED ASSET INVESTMENTS
Other
investme
£   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 18,922
NET BOOK VALUE
At 31 March 2023 18,922
At 31 March 2022 18,922

Cost or valuation at 31 March 2023 is represented by:

Other
investme
£   
Valuation in 2022 17,712
Cost 1,210
18,922

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,160,000
NET BOOK VALUE
At 31 March 2023 1,160,000
At 31 March 2022 1,160,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 750,961
Cost 409,039
1,160,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings 314,744 483,360
Prepayments and accrued income - 164
314,744 483,524

NEWHAM ENTERPRISES LIMITED (REGISTERED NUMBER: 00780203)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 8) 10,295 13,702
Trade creditors 4,724 3,601
Amounts owed to group undertakings 687,677 695,329
Tax 15,792 27,230
Social security and other taxes (967 ) (967 )
Other creditors 18,500 18,500
Directors' current accounts - 10,937
Accruals and deferred income 640 1,600
736,661 769,932

8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,295 13,702

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 192,168 192,168

Deferred
tax
£   
Balance at 1 April 2022 192,168
Balance at 31 March 2023 192,168

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,800 Ordinary £1 1,800 1,800

11. RESERVES
Revaluati
reserve
£   
At 1 April 2022
and 31 March 2023 558,793

NEWHAM ENTERPRISES LIMITED (REGISTERED NUMBER: 00780203)

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

12. RELATED PARTY DISCLOSURES

At the balance sheet date, included in creditors due within one year is £687,677 (2022: £695,329) due to City of London Holdings & Investments Limited.

At the balance sheet date, included in debtors due within one year is £309,189 (2022: £475,860) due from Turbie Limited, £Nil (2022: £1,500) due to Ebel One Limited, £2,500 (2022: £3,000) due from City of London Estates Limited and £3,055 (2022: £3,000) due from Roquebrune Investments Limited.

The companies are related parties by virtue of the fact that they are under common control.