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REGISTERED NUMBER: 08195912 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

New House Finance Limited

New House Finance Limited (Registered number: 08195912)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

New House Finance Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M Houseley
Mr S Bryan





REGISTERED OFFICE: Units 15 & 16
7 Wenlock Road
London
N1 7SL





REGISTERED NUMBER: 08195912 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

New House Finance Limited (Registered number: 08195912)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 363,250 269,758

CURRENT ASSETS
Debtors 5 511,818 367,603
Cash at bank 536,772 147,388
1,048,590 514,991
CREDITORS
Amounts falling due within one year 6 (208,636 ) (84,471 )
NET CURRENT ASSETS 839,954 430,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,203,204

700,278

PROVISIONS FOR LIABILITIES (5,796 ) -
NET ASSETS 1,197,408 700,278

CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 7 86,945 -
Retained earnings 1,110,460 700,275
SHAREHOLDERS' FUNDS 1,197,408 700,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

New House Finance Limited (Registered number: 08195912)

Balance Sheet - continued
31 March 2024


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 4 September 2024 and were signed on its behalf by:





Mr M Houseley - Director


New House Finance Limited (Registered number: 08195912)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

New House Finance 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

New House Finance Limited (Registered number: 08195912)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 269,758
Additions 750
Revaluations 92,742
At 31 March 2024 363,250
NET BOOK VALUE
At 31 March 2024 363,250
At 31 March 2023 269,758

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 93,492
Cost 269,758
363,250

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 362,500 269,758

Investment Property was valued on an open market basis on 31 March 2024 by estate agents .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 312,107 365,084
Directors' current accounts 199,093 1,901
Tax 618 618
511,818 367,603

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 205,522 81,567
Accrued expenses 3,114 2,904
208,636 84,471

New House Finance Limited (Registered number: 08195912)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. RESERVES
Revaluation
reserve
£   
Revaluation Reserve 86,945

At 31 March 2024 86,945

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr M Houseley
Balance outstanding at start of year 1,901 6,916
Amounts advanced 197,982 2,406
Amounts repaid (790 ) (7,421 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 199,093 1,901

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Houseley.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
New House Finance Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of New House Finance Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of New House Finance Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of New House Finance Limited and state those matters that we have agreed to state to the Board of Directors of New House Finance Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than New House Finance Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that New House Finance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of New House Finance Limited. You consider that New House Finance Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of New House Finance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................