Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-242024-04-242023-04-25truefalseNo description of principal activity00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08906239 2023-04-25 2024-04-24 08906239 2022-04-25 2023-04-24 08906239 2024-04-24 08906239 2023-04-24 08906239 c:Director3 2023-04-25 2024-04-24 08906239 d:FurnitureFittings 2023-04-25 2024-04-24 08906239 d:FurnitureFittings 2024-04-24 08906239 d:FurnitureFittings 2023-04-24 08906239 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-25 2024-04-24 08906239 d:CurrentFinancialInstruments 2024-04-24 08906239 d:CurrentFinancialInstruments 2023-04-24 08906239 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-24 08906239 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-24 08906239 d:ShareCapital 2024-04-24 08906239 d:ShareCapital 2023-04-24 08906239 d:RetainedEarningsAccumulatedLosses 2024-04-24 08906239 d:RetainedEarningsAccumulatedLosses 2023-04-24 08906239 c:OrdinaryShareClass1 2023-04-25 2024-04-24 08906239 c:OrdinaryShareClass1 2024-04-24 08906239 c:OrdinaryShareClass1 2023-04-24 08906239 c:FRS102 2023-04-25 2024-04-24 08906239 c:AuditExempt-NoAccountantsReport 2023-04-25 2024-04-24 08906239 c:FullAccounts 2023-04-25 2024-04-24 08906239 c:PrivateLimitedCompanyLtd 2023-04-25 2024-04-24 08906239 e:PoundSterling 2023-04-25 2024-04-24 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08906239









NEWLANDS NW4 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 APRIL 2024

 
NEWLANDS NW4 LIMITED
REGISTERED NUMBER: 08906239

BALANCE SHEET
AS AT 24 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
604
719

  
604
719

Current assets
  

Stocks
  
1,793,599
1,793,599

Cash at bank and in hand
 5 
64,006
45,983

  
1,857,605
1,839,582

Creditors: amounts falling due within one year
 6 
(2,598,578)
(2,608,661)

Net current liabilities
  
 
 
(740,973)
 
 
(769,079)

Total assets less current liabilities
  
(740,369)
(768,360)

  

Net liabilities
  
(740,369)
(768,360)


Capital and reserves
  

Called up share capital 
 7 
90
90

Profit and loss account
  
(740,459)
(768,450)

  
(740,369)
(768,360)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Page 1

 
NEWLANDS NW4 LIMITED
REGISTERED NUMBER: 08906239
    
BALANCE SHEET (CONTINUED)
AS AT 24 APRIL 2024

................................................
Antony David Stark
Director

Date: 17 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
NEWLANDS NW4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 APRIL 2024

1.


General information

Newlands NW4 Limited is a private company, limited by shares, registered in England and Wales.
The company's registered number and registered office address are as below:
Registered number: 08906239
|
Registered office: The Courtyard, 14a Sydenham Road, Croydon, England, CR0 2EE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
NEWLANDS NW4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 APRIL 2024

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
NEWLANDS NW4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 APRIL 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 25 April 2023
949



At 24 April 2024

949



Depreciation


At 25 April 2023
230


Charge for the year on owned assets
115



At 24 April 2024

345



Net book value



At 24 April 2024
604



At 24 April 2023
719

Page 5

 
NEWLANDS NW4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 APRIL 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
64,006
45,983

64,006
45,983



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
28,053
28,053

Other loans
2,059,246
2,064,902

Trade creditors
349
4,776

Accruals and deferred income
510,930
510,930

2,598,578
2,608,661



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



90 (2023 - 90) Ordinary shares of £1.00 each
90
90



8.


Related party transactions

Included in other loans is a loan of £636,665 (2023: £636,665) and interest payable of £149,346 due to Lakeside Developments Limited, shareholder of the company.
Included in other loans is a loan of £636,666 (2023: £636,666) and interest payable of £149,557 due to Residential Ground Rent Investors Limited. J L Finegold and B J C Mire have a material interest in this company.
Included in other loans is a loan of £636,665 (2023: £636,665) and interest payable of £148,855 due to Cyril Freedman Limited, a shareholder of the company. J L Finegold has a material interest in this company.
Included in other loan is a loan of £149,250 (2023: £154,9006) and interest payable of £0.00 (2023: £0.00) due to Linea Homes Ltd. A Stark and G Sherman have a material interest in the Linea Homes group companies.

 
Page 6