Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 03321260 Mr Colin FitzPatrick Mr James Macara Mr Colin FitzPatrick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03321260 2023-02-28 03321260 2024-02-28 03321260 2023-03-01 2024-02-28 03321260 frs-core:CurrentFinancialInstruments 2024-02-28 03321260 frs-core:Non-currentFinancialInstruments 2024-02-28 03321260 frs-core:ShareCapital 2024-02-28 03321260 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 03321260 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 03321260 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 03321260 frs-bus:SmallEntities 2023-03-01 2024-02-28 03321260 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 03321260 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 03321260 frs-bus:Director1 2023-03-01 2024-02-28 03321260 frs-bus:Director2 2023-03-01 2024-02-28 03321260 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 03321260 frs-countries:EnglandWales 2023-03-01 2024-02-28 03321260 2022-02-28 03321260 2023-02-28 03321260 2022-03-01 2023-02-28 03321260 frs-core:CurrentFinancialInstruments 2023-02-28 03321260 frs-core:Non-currentFinancialInstruments 2023-02-28 03321260 frs-core:ShareCapital 2023-02-28 03321260 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Newminster Estates Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03321260
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 500,000 500,000
Debtors 5 22,613 7,013
Cash at bank and in hand 22 54
522,635 507,067
Creditors: Amounts Falling Due Within One Year 6 (332,494 ) (430,830 )
NET CURRENT ASSETS (LIABILITIES) 190,141 76,237
TOTAL ASSETS LESS CURRENT LIABILITIES 190,141 76,237
Creditors: Amounts Falling Due After More Than One Year 7 (373,332 ) (249,000 )
NET LIABILITIES (183,191 ) (172,763 )
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account (183,194 ) (172,766 )
SHAREHOLDERS' FUNDS (183,191) (172,763)
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit 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.
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.
On behalf of the board
Mr Colin FitzPatrick
Director
25/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Newminster Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03321260 . The registered office is 105 Moorside North, Fenham, Newcastle upon Tyne, NE4 9DY.
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. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Stocks
2024 2023
£ £
Work in progress 500,000 500,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,100 6,500
Prepayments and accrued income 513 513
22,613 7,013
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 101,205 101,205
Bank loans and overdrafts 5,839 14,323
Corporation tax 1,100 1,100
Accruals and deferred income 24,157 24,157
Directors' loan accounts 199,943 171,713
Loan 250 118,332
332,494 430,830
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 255,000 249,000
Other loans 118,332 -
373,332 249,000
Page 3
Page 4
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 4