2023-04-012024-03-312024-03-31false09459764Newman Property Investments 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Newman Property Investments Ltd

Registered Number
09459764
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Newman Property Investments Ltd
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Angela Varnham
Emma Varnham
Matthew Varnham

Registered Address

7 Brearley Hall, Woodmere Drive
Old Whittington
Chesterfield
S41 9TA

Registered Number

09459764 (England and Wales)
Newman Property Investments Ltd
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3675808
Investments4695,000710,112
695,675710,920
Current assets
Cash at bank and on hand2,16713,202
2,16713,202
Creditors amounts falling due within one year(534,550)(546,317)
Net current assets (liabilities)(532,383)(533,115)
Total assets less current liabilities163,292177,805
Creditors amounts falling due after one year(126,874)(126,874)
Provisions for liabilities(5,721)-
Net assets30,69750,931
Capital and reserves
Called up share capital100100
Profit and loss account30,59750,831
Shareholders' funds30,69750,931
The financial statements were approved and authorised for issue by the Board of Directors on 9 October 2024, and are signed on its behalf by:
Matthew Varnham
Director
Registered Company No. 09459764
Newman Property Investments Ltd
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements have been prepared on the historical cost basis. The financial statements are presented in sterling and this is the functional currency of the company. All of the members have consented to the preparation of abridged accounts in accordance with Section 444(2A) of the Companies Act 2006.
Revenue from sale of goods
The turnover shown in the profit and loss account represents rents due.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Investments
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 231,491
Additions545
At 31 March 242,036
Depreciation and impairment
At 01 April 23683
Charge for year678
At 31 March 241,361
Net book value
At 31 March 24675
At 31 March 23808
4.Fixed asset investments

Total

£
Cost or valuation
At 01 April 23710,112
Revaluations(15,112)
At 31 March 24695,000
Net book value
At 31 March 24695,000
At 31 March 23710,112
5.Creditors: amounts due after 5 years
Included within creditors: amounts falling due after more than one year is an amount of £126,874 (2023: £126,874) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.