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REGISTERED NUMBER: 07964128 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

PLACE NEWTON ESTATE SHOOT LIMITED

PLACE NEWTON ESTATE SHOOT LIMITED (REGISTERED NUMBER: 07964128)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PLACE NEWTON ESTATE SHOOT LIMITED

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTORS: M T Wood
Mrs M Wood
R M Wood





REGISTERED OFFICE: Westfield House
Cropton Lane
Pickering
YO18 8HQ





REGISTERED NUMBER: 07964128 (England and Wales)





ACCOUNTANTS: Smailes Goldie Watson Limited
Chartered Accountants
50 - 51 Hungate
Pickering
YO18 7DG

PLACE NEWTON ESTATE SHOOT LIMITED (REGISTERED NUMBER: 07964128)

STATEMENT OF FINANCIAL POSITION
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 94,638 100,062

CURRENT ASSETS
Inventories 200 200
Debtors 5 41,312 17,931
Cash at bank 135,048 117,162
176,560 135,293
CREDITORS
Amounts falling due within one year 6 353,383 273,025
NET CURRENT LIABILITIES (176,823 ) (137,732 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(82,185

)

(37,670

)

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings (82,190 ) (37,675 )
SHAREHOLDERS' FUNDS (82,185 ) (37,670 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





M T Wood - Director


PLACE NEWTON ESTATE SHOOT LIMITED (REGISTERED NUMBER: 07964128)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024


1. STATUTORY INFORMATION

Place Newton Estate Shoot Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The directors have considered the financial resources and commitments of the company and concluded that they have sufficient resources to meet liabilities as they fall due due to the continued support of the directors and their other businesses in not seeking repayment of their debts in the short term. The directors therefore consider it appropriate to prepare the financial statements on the going concern basis.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Short leasehold - Straight line over 10 years
Plant and machinery - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 27 ) .

PLACE NEWTON ESTATE SHOOT LIMITED (REGISTERED NUMBER: 07964128)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024


4. PROPERTY, PLANT AND EQUIPMENT
Freehold Short Plant and
property leasehold machinery Totals
£    £    £    £   
COST
At 1 March 2023 6,493 27,761 208,613 242,867
Additions - - 31,909 31,909
Disposals - - (14,700 ) (14,700 )
At 29 February 2024 6,493 27,761 225,822 260,076
DEPRECIATION
At 1 March 2023 2,597 27,761 112,447 142,805
Charge for year 649 - 30,482 31,131
Eliminated on disposal - - (8,498 ) (8,498 )
At 29 February 2024 3,246 27,761 134,431 165,438
NET BOOK VALUE
At 29 February 2024 3,247 - 91,391 94,638
At 28 February 2023 3,896 - 96,166 100,062

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,000 1,284
Other debtors 39,312 16,647
41,312 17,931

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 261,599 171,526
Taxation and social security 20,671 28,998
Other creditors 71,113 72,501
353,383 273,025

7. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £135,000 (2023 - £157,500).