NEWCASTLE HOME BUYERS LIMITED

Company Registration Number:
10549739 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

NEWCASTLE HOME BUYERS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

NEWCASTLE HOME BUYERS LIMITED

Company Information

for the Period Ended 31 January 2024




Registered office: The Greenhouse (Front Building)
Meadowfield Industrial Estate
Ponteland
Newcastle Upon Tyne
England
NE20 9SD
Company Registration Number: 10549739 (England and Wales)

NEWCASTLE HOME BUYERS LIMITED

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 1,104,408 1,086,256
Total fixed assets: 1,104,408 1,086,256
Current assets
Stocks: 534,272 190,584
Debtors: 5 25,619 1,819
Cash at bank and in hand: 30,871 11,284
Total current assets: 590,762 203,687
Creditors: amounts falling due within one year: 6 ( 80,481 ) ( 39,824 )
Net current assets (liabilities): 510,281 163,863
Total assets less current liabilities: 1,614,689 1,250,119
Creditors: amounts falling due after more than one year: 7 ( 1,491,167 ) ( 1,009,681 )
Accruals and deferred income: ( 10,640 ) ( 55,640 )
Total net assets (liabilities): 112,882 184,798

The notes form part of these financial statements

NEWCASTLE HOME BUYERS LIMITED

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 20 20
Revaluation reserve: 8 116,900 116,900
Profit and loss account: ( 4,038 ) 67,878
Shareholders funds: 112,882 184,798

For the year ending 31 January 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 31 October 2024
And Signed On Behalf Of The Board By:

Name: S McDonald
Status: Director

The notes form part of these financial statements

NEWCASTLE HOME BUYERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NEWCASTLE HOME BUYERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 6 6

NEWCASTLE HOME BUYERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

NEWCASTLE HOME BUYERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 01 February 2023 1,074,881 2,527 11,012 1,768 8,295 1,098,483
Additions 9,532 - 13,725 - - 23,257
Disposals - - - - - -
Revaluations - - - - - -
Transfers - - - - - -
At 31 January 2024 1,084,413 2,527 24,737 1,768 8,295 1,121,740
Depreciation
At 01 February 2023 - 888 4,629 711 5,999 12,227
Charge for year - 245 4,022 264 574 5,105
On disposals - - - - - -
Other adjustments - - - - - -
At 31 January 2024 - 1,133 8,651 975 6,573 17,332
Net book value
At 31 January 2024 1,084,413 1,394 16,086 793 1,722 1,104,408
At 31 January 2023 1,074,881 1,639 6,383 1,057 2,296 1,086,256

NEWCASTLE HOME BUYERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors


2024
£

2023
£
Trade debtors 5,813 1,819
Prepayments and accrued income 19,806
Total 25,619 1,819

NEWCASTLE HOME BUYERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 25,990 10,093
Taxation and social security 28,542 28,331
Other creditors 25,949 1,400
Total 80,481 39,824

NEWCASTLE HOME BUYERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 966,577 419,681
Other creditors 524,590 590,000
Total 1,491,167 1,009,681

NEWCASTLE HOME BUYERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

8. Revaluation reserve


2024
£
Balance at 01 February 2023 116,900
Surplus or deficit after revaluation 0
Balance at 31 January 2024 116,900