Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01truefalse33falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05474645 2023-07-01 2024-06-30 05474645 2022-07-01 2023-06-30 05474645 2024-06-30 05474645 2023-06-30 05474645 2022-07-01 05474645 c:Director1 2023-07-01 2024-06-30 05474645 d:PlantMachinery 2023-07-01 2024-06-30 05474645 d:PlantMachinery 2024-06-30 05474645 d:PlantMachinery 2023-06-30 05474645 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05474645 d:MotorVehicles 2023-07-01 2024-06-30 05474645 d:MotorVehicles 2024-06-30 05474645 d:MotorVehicles 2023-06-30 05474645 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05474645 d:ComputerEquipment 2023-07-01 2024-06-30 05474645 d:ComputerEquipment 2024-06-30 05474645 d:ComputerEquipment 2023-06-30 05474645 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05474645 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05474645 d:CurrentFinancialInstruments 2024-06-30 05474645 d:CurrentFinancialInstruments 2023-06-30 05474645 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05474645 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05474645 d:ShareCapital 2024-06-30 05474645 d:ShareCapital 2023-06-30 05474645 d:RetainedEarningsAccumulatedLosses 2024-06-30 05474645 d:RetainedEarningsAccumulatedLosses 2023-06-30 05474645 c:FRS102 2023-07-01 2024-06-30 05474645 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05474645 c:FullAccounts 2023-07-01 2024-06-30 05474645 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05474645 2 2023-07-01 2024-06-30 05474645 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 05474645 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 05474645 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 05474645










NEWFIELD HOMES (85) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
NEWFIELD HOMES (85) LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
NEWFIELD HOMES (85) LIMITED
REGISTERED NUMBER: 05474645

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
31,879
13,677

Current assets
  

Stocks
  
483,610
917,711

Debtors: amounts falling due within one year
 5 
12,971
33,855

Cash at bank and in hand
  
1,025,299
684,468

  
1,521,880
1,636,034

Creditors: amounts falling due within one year
 6 
(527,398)
(550,255)

Net current assets
  
 
 
994,482
 
 
1,085,779

Total assets less current liabilities
  
1,026,361
1,099,456

Provisions for liabilities
  

Deferred tax
 7 
-
(1,795)

Net assets
  
1,026,361
1,097,661


Capital and reserves
  

Called up share capital 
  
11
11

Profit and loss account
  
1,026,350
1,097,650

  
1,026,361
1,097,661


Page 1

 
NEWFIELD HOMES (85) LIMITED
REGISTERED NUMBER: 05474645
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 income and retained earnings 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 on 21 January 2025.




Mr R M Hughes
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
NEWFIELD HOMES (85) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Newfield Homes (85) Limited (the company) is a private company, limited by shares, incorporated and domiciled in England. The address of its registered office is Oaklands, Bannals Lane, Stoke Bliss, Tenbury Wells, Worcestershire, WR15 8RZ which is also its principal place of business. 

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 sale of houses is recognised on the exchange of contracts.

 
2.3

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 provided at rates calulated to write off the cost of fixed assets over their expected useful lives.

Depreciation is provided on the following basis:

Plant & machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Computer equipment
-
3 years straight line

 
2.4

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.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 3

 
NEWFIELD HOMES (85) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

 
2.9

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
NEWFIELD HOMES (85) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
NEWFIELD HOMES (85) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost 


At 1 July 2023
37,401
34,952
3,340
75,693


Additions
-
23,127
-
23,127


Disposals
-
(8,800)
-
(8,800)



At 30 June 2024

37,401
49,279
3,340
90,020



Depreciation


At 1 July 2023
26,703
32,305
3,008
62,016


Charge for the year on owned assets
1,606
2,033
332
3,971


Disposals
-
(7,846)
-
(7,846)



At 30 June 2024

28,309
26,492
3,340
58,141



Net book value



At 30 June 2024
9,092
22,787
-
31,879



At 30 June 2023
10,698
2,647
332
13,677


5.


Debtors

2024
2023
£
£


Other debtors
12,971
33,855



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
102,694
143,620

Other taxation and social security
1,887
2,617

Other creditors
385,631
363,725

Accruals and deferred income
37,186
40,293

527,398
550,255


Page 6

 
NEWFIELD HOMES (85) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Deferred taxation




2024
2023


£

£






At beginning of year
(1,795)
(2,470)


Utilised in year
1,795
675



At end of year
-
(1,795)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
(1,795)


8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £80,600 (2023: £600). There are no contributions outstanding to the pension scheme at the year end (2023: £Nil).

 
Page 7