Company registration number 05328760 (England and Wales)
NEW FUTURE PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
NEW FUTURE PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
NEW FUTURE PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
165,000
165,000
Current assets
Cash at bank and in hand
2,988
1,942
Creditors: amounts falling due within one year
4
(6,190)
(1,240)
Net current (liabilities)/assets
(3,202)
702
Total assets less current liabilities
161,798
165,702
Creditors: amounts falling due after more than one year
5
(124,262)
(124,262)
Net assets
37,536
41,440
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
37,436
41,340
Total equity
37,536
41,440

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 22 August 2024 and are signed on its behalf by:
Mr GF Szilagy
Director
Company registration number 05328760 (England and Wales)
NEW FUTURE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information

New Future Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Sedulo Liverpool Limited, Walker House, Exchange Flags, Liverpool, Merseyside, United Kingdom, L2 3YL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the profit and loss represents amounts invoiced during the year.

1.3
Investment properties

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
3
Investment property
2024
£
Fair value
At 1 February 2023 and 31 January 2024
165,000

The investment properties were valued by the directors on 31 January 2024 based on an estimate of the open market value. The historic cost of the investment properties was £122,302

 

NEW FUTURE PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 3 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
6,190
1,240
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
124,262
124,262
2024-01-312023-02-01false22 August 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr P RowleyMr G F SzilagyMr R G LoweMr R J MooreMr RG Lowefalsefalse053287602023-02-012024-01-31053287602024-01-31053287602023-01-3105328760core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-3105328760core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-3105328760core:Non-currentFinancialInstrumentscore:AfterOneYear2024-01-3105328760core:Non-currentFinancialInstrumentscore:AfterOneYear2023-01-3105328760core:ShareCapital2024-01-3105328760core:ShareCapital2023-01-3105328760core:RetainedEarningsAccumulatedLosses2024-01-3105328760core:RetainedEarningsAccumulatedLosses2023-01-3105328760bus:Director22023-02-012024-01-31053287602022-02-012023-01-31053287602023-01-3105328760core:CurrentFinancialInstruments2024-01-3105328760core:CurrentFinancialInstruments2023-01-3105328760core:Non-currentFinancialInstruments2024-01-3105328760core:Non-currentFinancialInstruments2023-01-3105328760bus:PrivateLimitedCompanyLtd2023-02-012024-01-3105328760bus:SmallCompaniesRegimeForAccounts2023-02-012024-01-3105328760bus:FRS1022023-02-012024-01-3105328760bus:AuditExemptWithAccountantsReport2023-02-012024-01-3105328760bus:Director12023-02-012024-01-3105328760bus:Director32023-02-012024-01-3105328760bus:Director42023-02-012024-01-3105328760bus:CompanySecretary12023-02-012024-01-3105328760bus:FullAccounts2023-02-012024-01-31xbrli:purexbrli:sharesiso4217:GBP