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Registered number: 01098993
John Newlands Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01098993
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 2,500,000 2,500,000
Investments 5 1,262,660 1,210,444
3,762,660 3,710,444
CURRENT ASSETS
Debtors 6 2,700 5,583
Cash at bank and in hand 98,307 481,782
101,007 487,365
Creditors: Amounts Falling Due Within One Year 7 (29,266 ) (23,457 )
NET CURRENT ASSETS (LIABILITIES) 71,741 463,908
TOTAL ASSETS LESS CURRENT LIABILITIES 3,834,401 4,174,352
NET ASSETS 3,834,401 4,174,352
CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Profit and Loss Account 3,784,401 4,124,352
SHAREHOLDERS' FUNDS 3,834,401 4,174,352
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
John Bothamley
Director
12/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
John Newlands Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01098993 . The registered office is Treferanon, St. Weonards, Hereford, HR2 8QF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Taxation
Taxation represents the sum of tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset released, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 2,500,000
Page 3
Page 4
5. Investments
Listed
£
Cost
As at 1 April 2023 1,210,444
Additions 98,999
Disposals (94,760 )
Revaluations 47,977
As at 31 March 2024 1,262,660
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 1,262,660
As at 1 April 2023 1,210,444
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,050 4,188
Prepayments and accrued income - 947
Other debtors 650 448
2,700 5,583
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 36 -
Deferred income 27,030 21,357
Accruals 2,200 2,100
29,266 23,457
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50,000 50,000
Page 4
Page 5
9. Parent Undertaking and Controlling Party
The controlling party is John Bothamley who controls 80% of the shares of John Newlands Limited .
Page 5