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Registered number: 12033903
Newtown Property Investments Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12033903
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 176,698 178,710
176,698 178,710
CURRENT ASSETS
Debtors 486 1,977
Cash at bank and in hand 44,758 42,590
45,244 44,567
Creditors: Amounts Falling Due Within One Year (93,511 ) (93,158 )
NET CURRENT ASSETS (LIABILITIES) (48,267 ) (48,591 )
TOTAL ASSETS LESS CURRENT LIABILITIES 128,431 130,119
Creditors: Amounts Falling Due After More Than One Year (105,569 ) (106,809 )
NET ASSETS 22,862 23,310
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 22,762 23,210
SHAREHOLDERS' FUNDS 22,862 23,310
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Terry Horne
Director
23/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Newtown Property Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12033903 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rental income and service charges.
The cost of lease incentives are recognied as a reduction to income over the lease term on a straight line basis. 
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. 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 balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.
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3. Average Number of Employees
The average number of persons employed under contracts of service during the year was:  NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 July 2023 178,710
Revaluations (2,012)
As at 30 June 2024 176,698
5. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against the company's investment property.
2024 2023
£ £
Bank loans and overdrafts 109,500 111,220
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4