Registered number
07900410
NEW INVESTEMENT LIMITED
Unaudited Filleted Accounts
31 January 2024
NEW INVESTEMENT LIMITED
Registered number: 07900410
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 378,221 378,221
Current assets
Debtors 4 308,040 298,600
Cash at bank and in hand 5,744 3,949
313,784 302,549
Creditors: amounts falling due within one year 5 (442,444) (432,327)
Net current liabilities (128,660) (129,778)
Total assets less current liabilities 249,561 248,443
Creditors: amounts falling due after more than one year 6 (93,263) (94,258)
Net assets 156,298 154,185
Capital and reserves
Called up share capital 1 1
Profit and loss account 156,297 154,184
Shareholder's funds 156,298 154,185
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Taslim Bhad
Director
Approved by the board on 21 October 2024
NEW INVESTEMENT LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rent received during the year.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 February 2023 378,221
At 31 January 2024 378,221
4 Debtors 2024 2023
£ £
Amounts owed by Associated company 308,040 298,600
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,230 10,882
Amount owed to Associated companies 69,941 73,451
Other Loan 171,500 171,500
Taxation and social security costs 15,001 14,714
Other creditors 179,772 161,780
442,444 432,327
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 93,263 94,258
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 91,245 95,713
The bank loan is secured against the investment properties.
8 Other information
NEW INVESTEMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Mehmuda House
212c
Romford Road
London
E7 9HY
NEW INVESTEMENT LIMITED 07900410 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts July 2024 Mr Taslim Bhad No description of principal activity 07900410 2022-02-01 2023-01-31 07900410 core:WithinOneYear 2023-01-31 07900410 core:AfterOneYear 2023-01-31 07900410 core:ShareCapital 2023-01-31 07900410 core:RetainedEarningsAccumulatedLosses 2023-01-31 07900410 2023-02-01 2024-01-31 07900410 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07900410 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07900410 bus:Director40 2023-02-01 2024-01-31 07900410 1 2023-02-01 2024-01-31 07900410 2 2023-02-01 2024-01-31 07900410 countries:England 2023-02-01 2024-01-31 07900410 bus:FRS102 2023-02-01 2024-01-31 07900410 bus:FilletedAccounts 2023-02-01 2024-01-31 07900410 2024-01-31 07900410 core:WithinOneYear 2024-01-31 07900410 core:AfterOneYear 2024-01-31 07900410 core:ShareCapital 2024-01-31 07900410 core:RetainedEarningsAccumulatedLosses 2024-01-31 07900410 2023-01-31 iso4217:GBP xbrli:pure