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REGISTERED NUMBER: 08015137 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Newgate Street Apartments Limited

Newgate Street Apartments Limited (Registered number: 08015137)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newgate Street Apartments Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P D Harrison
M J Williams





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 08015137 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Newgate Street Apartments Limited (Registered number: 08015137)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,048 66,731
Investment property 5 2,380,000 2,216,586
2,430,048 2,283,317

CURRENT ASSETS
Debtors 6 142,708 70,728
Cash at bank 47 2
142,755 70,730
CREDITORS
Amounts falling due within one year 7 887,969 862,862
NET CURRENT LIABILITIES (745,214 ) (792,132 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,684,834

1,491,185

CREDITORS
Amounts falling due after more than one
year

8

1,351,137

1,351,137
NET ASSETS 333,697 140,048

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 333,695 140,046
333,697 140,048

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

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

Newgate Street Apartments Limited (Registered number: 08015137)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





P D Harrison - Director


Newgate Street Apartments Limited (Registered number: 08015137)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Newgate Street Apartments 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.


Newgate Street Apartments Limited (Registered number: 08015137)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 83,414
DEPRECIATION
At 1 May 2023 16,683
Charge for year 16,683
At 30 April 2024 33,366
NET BOOK VALUE
At 30 April 2024 50,048
At 30 April 2023 66,731

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 2,216,586
Revaluations 163,414
At 30 April 2024 2,380,000
NET BOOK VALUE
At 30 April 2024 2,380,000
At 30 April 2023 2,216,586

Newgate Street Apartments Limited (Registered number: 08015137)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 2,009,200
Valuation in 2023 207,386
Valuation in 2024 163,414
2,380,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 1,714
Amounts owed by group undertakings - 19,022
Amounts owed by associates 142,108 49,992
Other debtors 600 -
142,708 70,728

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 4,253 9,609
Amounts owed to associates 254,553 250
Taxation and social security 61,184 48,497
Other creditors 567,979 804,506
887,969 862,862

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other creditors 1,351,137 1,351,137

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,351,137 1,351,137

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Other loans 1,728,137 1,351,137