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REGISTERED NUMBER: 10359610 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

NEWTON MOOR INDUSTRIAL ESTATE LIMITED

NEWTON MOOR INDUSTRIAL ESTATE LIMITED (REGISTERED NUMBER: 10359610)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEWTON MOOR INDUSTRIAL ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: S G Harkinson
J B Harkinson



REGISTERED OFFICE: Percy Westhead & Company
Hanover House
30-32 Charlotte Street
Manchester
M1 4FD



REGISTERED NUMBER: 10359610 (England and Wales)



ACCOUNTANTS: Percy Westhead & Company
Chartered Accountants
Hanover House
30-32 Charlotte Street
Manchester
M1 4FD



BANKERS: National Westminster Bank plc.
Hyde Branch
Market Place
Hyde
Cheshire
SK14 2LY

NEWTON MOOR INDUSTRIAL ESTATE LIMITED (REGISTERED NUMBER: 10359610)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,202,322 1,204,644

CURRENT ASSETS
Debtors 5 98,196 47,970
Cash at bank 105,238 225,959
203,434 273,929
CREDITORS
Amounts falling due within one year 6 109,120 125,829
NET CURRENT ASSETS 94,314 148,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,296,636

1,352,744

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 1,296,486 1,352,594
1,296,636 1,352,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 23rd December 2024 and were signed on its behalf by:





S G Harkinson - Director


NEWTON MOOR INDUSTRIAL ESTATE LIMITED (REGISTERED NUMBER: 10359610)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Newton Moor Industrial Estate 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes being rentals from investment properties.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment properties
Investment properties are included in the accounts at their fair value. Changes in fair value are recognised in profit and loss for the year.

Rental income from investment properties is included in the profit and loss account in the period in which it arises under the relevant tenant lease agreements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

NEWTON MOOR INDUSTRIAL ESTATE LIMITED (REGISTERED NUMBER: 10359610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Investment Plant and Computer
properties machinery equipment Totals
£    £    £    £   
COST
At 1st April 2023
and 31st March 2024 1,200,000 7,845 1,083 1,208,928
DEPRECIATION
At 1st April 2023 - 3,923 361 4,284
Charge for year - 1,961 361 2,322
At 31st March 2024 - 5,884 722 6,606
NET BOOK VALUE
At 31st March 2024 1,200,000 1,961 361 1,202,322
At 31st March 2023 1,200,000 3,922 722 1,204,644

The directors consider the fair value of investment properties to be £1,200,000.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 78,051 47,915
Directors' loan accounts 20,090 -
Called up share capital not paid 55 55
98,196 47,970

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,199 14,172
Corporation tax - 29,263
Social security and other taxes 6,766 -
VAT 19,190 462
Other creditors 10,250 25,980
Accruals and deferred income 66,715 55,952
109,120 125,829

NEWTON MOOR INDUSTRIAL ESTATE LIMITED (REGISTERED NUMBER: 10359610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
S G Harkinson
Balance outstanding at start of year - -
Amounts advanced 20,090 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,090 -

2.25% interest was charged on the loan advance to S G Harkinson.