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Registration number: 06458889

Newcastle Buttress Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

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Newcastle Buttress Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Newcastle Buttress Ltd

Company Information

Director

Mr Stevie-Lee Pattinson

Registered office

Lion House
Durham Road
Birtley
Co Durham
DH3 1LS

Accountants

Chuhan and Singh Partnership Limited
Chartered Accountants
81 Borough Road
Middlesbrough
TS1 3AA

 

Newcastle Buttress Ltd

(Registration number: 06458889)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,817,104

1,817,104

Current assets

 

Debtors

5

31,089

104,328

Cash at bank and in hand

 

205,283

57,915

 

236,372

162,243

Creditors: Amounts falling due within one year

6

(259,879)

(260,717)

Net current liabilities

 

(23,507)

(98,474)

Net assets

 

1,793,597

1,718,630

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,793,497

1,718,530

Shareholders' funds

 

1,793,597

1,718,630

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Newcastle Buttress Ltd

(Registration number: 06458889)
Balance Sheet as at 31 January 2024 (continued)

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 July 2024
 

.........................................
Mr Stevie-Lee Pattinson
Director

 

Newcastle Buttress Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lion House
Durham Road
Birtley
Co Durham
DH3 1LS

These financial statements were authorised for issue by the director on 25 July 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

Basis of preparation

These financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and the investment property measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents rental income received. Rental income is recognised on an accruals basis.

Long leasehold investment property

Investment property is shown at cost. The building is of historic importance and it is difficult to obtain a market valuation.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Newcastle Buttress Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

4

Tangible assets

Long leasehold investment property
£

Cost or valuation

At 1 February 2023

1,817,104

At 31 January 2024

1,817,104

Depreciation

Carrying amount

At 31 January 2024

1,817,104

At 31 January 2023

1,817,104

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

27,637

20,656

Amounts owed by related parties

7

-

80,000

Prepayments

 

3,452

3,672

   

31,089

104,328

 

Newcastle Buttress Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

877

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

235,500

235,500

Taxation and social security

 

4,606

4,458

Accruals and deferred income

 

14,855

14,964

Other creditors

 

4,918

4,918

 

259,879

260,717

7

Related party transactions

Included in creditors due within one year is £235,500 (2023: £235,500) owed to the company by companies in which the director, or his close family members, have an interest.

Included in debtors is nil (2023: £80,000) owed by companies in which the director, or his close family members, have an interest.