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Company Registration No. 13707463 (England and Wales)
New Growth Properties Ltd Unaudited accounts for the period from 26 April 2023 to 30 April 2024
New Growth Properties Ltd Unaudited accounts Contents
Page
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New Growth Properties Ltd Company Information for the period from 26 April 2023 to 30 April 2024
Directors
TAN, Chengzhong ZHAO, Qian
Company Number
13707463 (England and Wales)
Registered Office
16 Bakers End London SW20 9ER England
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New Growth Properties Ltd Statement of financial position as at 30 April 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
1,508 
Investment property
802,525 
804,033 
Current assets
Debtors
13,871 
Cash at bank and in hand
1,440 
15,311 
Creditors: amounts falling due within one year
(29,382)
Net current liabilities
(14,071)
Total assets less current liabilities
789,962 
Creditors: amounts falling due after more than one year
(614,573)
Net assets
175,389 
Capital and reserves
Called up share capital
50 
Revaluation reserve
37,137 
Profit and loss account
138,202 
Shareholders' funds
175,389 
For the period ending 30 April 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
TAN, Chengzhong Director Company Registration No. 13707463
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New Growth Properties Ltd Notes to the Accounts for the period from 26 April 2023 to 30 April 2024
1
Statutory information
New Growth Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13707463. The registered office is 16 Bakers End, London, SW20 9ER, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 26 April 2023
1,508 
At 30 April 2024
1,508 
Depreciation
At 30 April 2024
- 
Net book value
At 30 April 2024
1,508 
5
Investment property
2024 
£ 
Fair value at 26 April 2023
607,070 
Net gain from fair value adjustments
195,455 
At 30 April 2024
802,525 
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New Growth Properties Ltd Notes to the Accounts for the period from 26 April 2023 to 30 April 2024
6
Debtors
2024 
£ 
Amounts falling due within one year
Other debtors
12,971 
Amounts falling due after more than one year
Other debtors
900 
7
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
9,740 
Other creditors
24,000 
Loans from directors
(18,822)
Accruals
14,464 
29,382 
8
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
607,363 
Other creditors
7,210 
614,573 
9
Average number of employees
During the period the average number of employees was 0.
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