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REGISTERED NUMBER: 06921369 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

NEAVES ESTATES LIMITED

NEAVES ESTATES LIMITED (REGISTERED NUMBER: 06921369)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEAVES ESTATES LIMITED

COMPANY INFORMATION
For The Year Ended 30th June 2023







DIRECTOR: Mrs R W French





REGISTERED OFFICE: Trinity Cottage
Henfield Common North
Henfield
West Sussex
BN5 9RL





REGISTERED NUMBER: 06921369 (England and Wales)





ACCOUNTANTS: Peter Lawson & Co.
225 London Road
Burgess Hill
West Sussex
RH15 9QU

NEAVES ESTATES LIMITED (REGISTERED NUMBER: 06921369)

BALANCE SHEET
30th June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 125 125

CURRENT ASSETS
Investments 5 709,018 671,477
Cash at bank and in hand 3,436 4,001
712,454 675,478
CREDITORS
Amounts falling due within one year 6 86,059 90,310
NET CURRENT ASSETS 626,395 585,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

626,520

585,293

CAPITAL AND RESERVES
Called up share capital 10,100 10,100
Share premium 68,579 68,579
Retained earnings 547,841 506,614
SHAREHOLDERS' FUNDS 626,520 585,293

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 12th March 2024 and were signed by:




Mrs R W French - Director


NEAVES ESTATES LIMITED (REGISTERED NUMBER: 06921369)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30th June 2023

1. STATUTORY INFORMATION

Neaves Estates 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.

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.

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).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st July 2022
and 30th June 2023 125
NET BOOK VALUE
At 30th June 2023 125
At 30th June 2022 125

NEAVES ESTATES LIMITED (REGISTERED NUMBER: 06921369)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30th June 2023

5. CURRENT ASSET INVESTMENTS
30.6.23 30.6.22
£    £   
Listed investments 709,018 671,477

The provisions of FRS102 require fair value adjustments on investments to be recognised in the profit and loss account. The loss in market value, over cost, at the year end is £120,792 and has been shown above in the market value of listed investments.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 2,173 6,047
Other creditors 83,886 84,263
86,059 90,310

7. CAPITAL COMMITMENTS
30.6.23 30.6.22
£    £   
Contracted but not provided for in the
financial statements - -

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr G J C French & Mrs R W French jointly.