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REGISTERED NUMBER: 08875591 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Newton Ash Property Developments Limited

Newton Ash Property Developments Limited (Registered number: 08875591)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newton Ash Property Developments Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J N Ashman
Mrs C L Ashman





REGISTERED OFFICE: Rackledown Farm Upton Lane
Northwick
Dundry
Bath And North East Somer
BS41 8NW





REGISTERED NUMBER: 08875591 (England and Wales)





ACCOUNTANTS: Underwood Lamb Professional Services Ltd
Ground Floor, The Old Barn
Lady Farm
Chelwood
Bristol
BS39 4NN

Newton Ash Property Developments Limited (Registered number: 08875591)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,047 39,434
Investment property 5 2,225,000 1,750,000
2,278,047 1,789,434

CURRENT ASSETS
Debtors 6 27,980 8,753
Cash at bank 4,749 11,607
32,729 20,360
CREDITORS
Amounts falling due within one year 7 918,866 494,865
NET CURRENT LIABILITIES (886,137 ) (474,505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,391,910

1,314,929

CREDITORS
Amounts falling due after more than one
year

8

(1,180,830

)

(1,180,916

)

PROVISIONS FOR LIABILITIES (12,984 ) (7,847 )
NET ASSETS 198,096 126,166

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 51,637 51,637
Retained earnings 11 146,359 74,429
SHAREHOLDERS' FUNDS 198,096 126,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Newton Ash Property Developments Limited (Registered number: 08875591)

Balance Sheet - continued
31 August 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 10 February 2025 and were signed on its behalf by:





J N Ashman - Director


Newton Ash Property Developments Limited (Registered number: 08875591)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Newton Ash Property Developments 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.

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.

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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Newton Ash Property Developments Limited (Registered number: 08875591)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 64,510 950 65,460
Additions 22,084 - 22,084
At 31 August 2024 86,594 950 87,544
DEPRECIATION
At 1 September 2023 25,361 665 26,026
Charge for year 8,377 94 8,471
At 31 August 2024 33,738 759 34,497
NET BOOK VALUE
At 31 August 2024 52,856 191 53,047
At 31 August 2023 39,149 285 39,434

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 1,750,000
Additions 474,701
Revaluations 299
At 31 August 2024 2,225,000
NET BOOK VALUE
At 31 August 2024 2,225,000
At 31 August 2023 1,750,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2016 32,755
Valuation in 2017 21,750
Valuation in 2018 (37,338 )
Valuation in 2019 (94,412 )
Valuation in 2020 1,017,245
Valuation in 2021 781,682
Valuation in 2022 28,318
Valuation in 2024 475,000
2,225,000

Newton Ash Property Developments Limited (Registered number: 08875591)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 2,173,064 1,698,363

6. DEBTORS
31.8.24 31.8.23
£    £   
Amounts falling due within one year:
Trade debtors 12,488 8,753

Amounts falling due after more than one year:
Other debtors 15,492 -

Aggregate amounts 27,980 8,753

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 687 8,866
Taxation and social security 36,232 58,211
Other creditors 881,947 427,788
918,866 494,865

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 1,180,830 1,180,916

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage - Grange 649,756 649,881
Mortgage - Evergreen 531,074 531,035
1,180,830 1,180,916

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 1,180,830 1,180,916

Newton Ash Property Developments Limited (Registered number: 08875591)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
100 100

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 74,429 51,637 126,066
Profit for the year 71,631 71,631
Fair value reserve transfer 299 - 299
At 31 August 2024 146,359 51,637 197,996

12. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is an interest free amount of £880,747 (2023 £426,586) owed to the directors, Mr J N Ashman and Mrs C L Ashman.

13. ULTIMATE CONTROLLING PARTY

The controlling party is J N Ashman.