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REGISTERED NUMBER: 02598822 (England and Wales)















NEWLANDS HOLDINGS LTD

Unaudited Financial Statements for the Year Ended 30 June 2024






NEWLANDS HOLDINGS LTD (REGISTERED NUMBER: 02598822)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


NEWLANDS HOLDINGS LTD

Company Information
for the year ended 30 June 2024







Directors: B Griffiths
W M Griffiths





Secretary: B Griffiths





Registered office: Newlands Farm
Garway Common
Garway
Hereford
Herefordshire
HR2 8RF





Registered number: 02598822 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Newlands Holdings Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Newlands Holdings Ltd for the year ended 30 June 2024 which comprise the Statement of Comprehensive Income, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Newlands Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Newlands Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Newlands Holdings Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Newlands Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Newlands Holdings Ltd. You consider that Newlands Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Newlands Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX


10 December 2024

NEWLANDS HOLDINGS LTD (REGISTERED NUMBER: 02598822)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 37,865 2,539
Investment property 5 724,468 724,468
762,333 727,007

Current assets
Debtors 6 548 1,031
Cash at bank 141,733 165,375
142,281 166,406
Creditors
Amounts falling due within one year 7 61,062 87,662
Net current assets 81,219 78,744
Total assets less current liabilities 843,552 805,751

Provisions for liabilities 7,194 482
Net assets 836,358 805,269

Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 52,148 52,148
Retained earnings 784,110 753,021
Shareholders' funds 836,358 805,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

NEWLANDS HOLDINGS LTD (REGISTERED NUMBER: 02598822)

Balance Sheet - continued
30 June 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2024 and were signed on its behalf by:





W M Griffiths - Director


NEWLANDS HOLDINGS LTD (REGISTERED NUMBER: 02598822)

Notes to the Financial Statements
for the year ended 30 June 2024

1. Statutory information

Newlands Holdings Ltd 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property has not been depreciated in line with Financial Reporting Standard number 15. In the opinion of the directors the investment property is maintained to such a high standard that any depreciation charge would be immaterial and would be inconsistent with the requirements of the Companies Act 2006 to show a true and fair view.

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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

3. Employees and directors

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

NEWLANDS HOLDINGS LTD (REGISTERED NUMBER: 02598822)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. Tangible fixed assets
Short Motor Computer
leasehold vehicles equipment Totals
£ £ £ £
Cost
At 1 July 2023 19,288 22,500 1,024 42,812
Additions - 40,774 - 40,774
Disposals - (22,500 ) - (22,500 )
At 30 June 2024 19,288 40,774 1,024 61,086
Depreciation
At 1 July 2023 19,288 20,693 292 40,273
Charge for year - 3,398 243 3,641
Eliminated on disposal - (20,693 ) - (20,693 )
At 30 June 2024 19,288 3,398 535 23,221
Net book value
At 30 June 2024 - 37,376 489 37,865
At 30 June 2023 - 1,807 732 2,539

5. Investment property
Total
£
Fair value
At 1 July 2023
and 30 June 2024 724,468
Net book value
At 30 June 2024 724,468
At 30 June 2023 724,468

Fair value at 30 June 2024 is represented by:
£
Valuation in 2024 724,468

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£ £
Cost 672,320 672,320

The investment property was valued on an open market basis on 30 June 2023 by Mr W M Griffiths, director .

At 30 June 2024 investment properties which cost £672,320 (2023 - £672,320) were revalued at £724,468 (2023 - £724,468). If the investment properties had been sold at their revalued amount on 30 June 2024, corporation tax amounting to £Nil would have been payable in these accounts (2023 - £Nil).

NEWLANDS HOLDINGS LTD (REGISTERED NUMBER: 02598822)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

6. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 548 1,031

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 271 266
Taxation and social security 4,818 9,849
Other creditors 55,973 77,547
61,062 87,662

8. Reserves
Revaluation
reserve
£
At 1 July 2023
and 30 June 2024 52,148