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Registration number: 13872830

New Place Freehold Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2024

 

New Place Freehold Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

New Place Freehold Ltd

(Registration number: 13872830)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

246,620

232,053

Current assets

 

Debtors

5

16,153

-

Cash at bank and in hand

 

39,773

-

 

55,926

-

Creditors: Amounts falling due within one year

6

(309,820)

(237,360)

Net current liabilities

 

(253,894)

(237,360)

Total assets less current liabilities

 

(7,274)

(5,307)

Provisions for liabilities

(266)

(314)

Net liabilities

 

(7,540)

(5,621)

Capital and reserves

 

Called up share capital

5

5

Retained earnings

(7,545)

(5,626)

Shareholders' deficit

 

(7,540)

(5,621)

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.

Directors' 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 directors acknowledge their 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.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 October 2024 and signed on its behalf by:
 

 

New Place Freehold Ltd

(Registration number: 13872830)
Balance Sheet as at 31 January 2024

.........................................
Ms SL Brand
Director

 

New Place Freehold 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:
3 New Place
London Road
Sunningdale
Ascot
SL5 9SD
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

New Place Freehold Ltd

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

25% on reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

230,403

2,200

232,603

Additions

14,818

215

15,033

At 31 January 2024

245,221

2,415

247,636

Depreciation

At 1 February 2023

-

550

550

Charge for the year

-

466

466

At 31 January 2024

-

1,016

1,016

Carrying amount

At 31 January 2024

245,221

1,399

246,620

At 31 January 2023

230,403

1,650

232,053

Included within the net book value of land and buildings above is £245,221 (2023 - £230,403) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Other debtors

16,153

-

 

New Place Freehold Ltd

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,200

1,440

Other creditors

278,620

235,920

Owed by/(from) group undertakings

30,000

-

309,820

237,360