12014762falseDevelopment of building projects2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-05-31http://www.companieshouse.gov.uk/cd:Director12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-06-012024-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-05-31http://www.companieshouse.gov.uk/2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:FRS1022023-06-012024-05-31http://www.companieshouse.gov.uk/2024-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-06-012024-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 12014762

New Diamond Properties Ltd

FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

New Diamond Properties Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
Mr M T Nadeem
REGISTERED OFFICE
Unit 6
Rugby Road
Rochdale
OL12 0EP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12014762
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

New Diamond Properties Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

New Diamond Properties Ltd

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3111,20050,000
CURRENT ASSETS
Debtors5161-
Cash at bank and in hand2,3022
2,4632
CREDITORS: Amounts falling due within one year6106,65550,120
NET CURRENT LIABILITIES(104,192)(50,118)
TOTAL ASSETS LESS CURRENT LIABILITIES7,008(118)
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account7,006(120)
SHAREHOLDERS' FUNDS7,008(118)
For the year ending 31/05/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/02/2025 and signed on their behalf by
.............................
Mr M T Nadeem
Director

New Diamond Properties Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1d. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue consists of rental income from the investment properties.
2. EMPLOYEES
20242023
No.No.
Average number of employees--

New Diamond Properties Ltd

3. TANGIBLE FIXED ASSETS
Cost
At 31/05/2024
Depreciation
At 31/05/2024
Net Book Amounts
At 31/05/2024
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/06/202350,00050,000
Additions61,20061,200
At 31/05/2024111,200111,200
The property value of £111,200 is considered by the director to be a fair reflection of the property value at the year end.
5. DEBTORS 20242023
££
Amounts falling due within one year
Prepayments161-
161-
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,084-
Directors current account45,58750,000
Trade creditors59,500-
Accruals484120
106,65550,120

New Diamond Properties Ltd

7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
8. CONTROLLING PARTY
The Company is controlled by the director who owns 100% of the issued share capital.