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ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS |
OF NEWCOMBE RESIDENTIAL LTD., FOR THE YEAR ENDED 30/06/2024 |
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In order to assist you to fulfill your duties under the Companies Act 2006,
we have prepared for your approval the accounts of Newcombe Residential Ltd. for the year ended
30/06/2024 as set out on pages 4 to
5 from the company's accounting records and from
information and explanations you have given us. |
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As a practising member of the ICAEW, we are subject to
its ethical and other professional requirements which are detailed on their website. |
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This report is made solely to the Board of Directors of Newcombe Residential Ltd.,
as a body, in accordance with the terms of our engagement letter dated 06/12/2012.
Our work has been undertaken solely to prepare for your approval the accounts of
Newcombe Residential Ltd. and state those matters that we have agreed to state to the Board of Directors
of Newcombe Residential Ltd., as a body, in this report, in accordance with the requirements
of the ICAEW as detailed on their website. To the fullest extent permitted by law,
we do not accept or assume responsibility to anyone other than Newcombe Residential Ltd. and its Board
of Directors as a body for our work or for this report. |
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It is your duty to ensure that Newcombe Residential Ltd. has kept adequate accounting
records and to prepare statutory accounts that give a true and fair view of the assets,
liabilities, financial position and profitability of Newcombe Residential Ltd.. You consider that
Newcombe Residential Ltd. is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the
accounts of Newcombe Residential Ltd.. For this reason, we have not verified the accuracy or completeness
of the accounting records or information and explanations you have given to us and we do not,
therefore, express any opinion on the statutory accounts. |
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Pope & Co. Chartered Accountants |
1, Drayton Close |
Cheltenham |
Gloucestershire |
GL51 9QB |
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20/03/2025 |
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Registered Number: 08119539 |
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BALANCE SHEET AT 30/06/2024 |
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| | | | | | 2024 | | | | 2023 |
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Fixed assets | | | | | | 69,025 | | | | 75,113 |
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Current assets | | | | 23,301 | | | | 61,487 | | |
Prepayments and accrued income | | | | 2,272 | | | | 247 | | |
Creditors: amounts falling due within one year | | | | (52,764) | | | | (106,795) | | |
Net Current Liabilities | | | | | | (27,191) | | | | (45,061) |
Total assets less current liabilities | | | | | | 41,834 | | | | 30,052 |
Accruals and deferred income | | | | | | 2,100 | | | | 1,000 |
Net Assets | | | | | | 39,734 | | | | 29,052 |
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Capital and reserves | | | | | | 39,734 | | | | 29,052 |
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Average Number of Employees | | | | | | | | | | |
During the year the average number of employees was 1. |
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Company information | | | | | | | | | | |
Private company limited by shares registered in EW - England and Wales, registered number 08119539. Registered office 46 Suffolk Road, Cheltenham, Gloucestershire, GL50 2AQ, England |
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For the year ending 30/06/2024 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 in accordance with the provisions applicable to companies subject to the micro-entities regime. |
These accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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Approved by the board on 21/03/2025 and signed on their behalf by | | | | | | | | | | |
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............................. | | | | | | | | | | |
Gregory Scott Newcombe | | | | | | | | | | |
Director | | | | | | | | | | |
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TRADING AND PROFIT AND LOSS ACCOUNT |
FOR THE YEAR ENDED 30/06/2024 |
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| | | | | | 2024 | | | | 2023 |
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Turnover | | | | | | 181,050 | | | | 115,045 |
Cost of Sales: | | | | | | | | | | |
Direct employment costs | | | | 17,600 | | | | 19,803 | | |
Other direct expenses | | | | 890 | | | | - | | |
| | | | 18,490 | | | | 19,803 | | |
| | | | | | 18,490 | | | | 19,803 |
Gross Profit | | | | | | 162,560 | | | | 95,242 |
Other operating income | | | | | | - | | | | 8 |
| | | | | | 162,560 | | | | 95,250 |
Less: | | | | | | | | | | |
Distribution costs | | | | 24,308 | | | | 17,711 | | |
Administrative expenses | | | | 75,449 | | | | 49,436 | | |
Interest receivable and similar income | | | | (371) | | | | (534) | | |
Interest payable and similar charges | | | | 3,929 | | | | 746 | | |
| | | | | | 103,315 | | | | 67,359 |
Net profit for the year before
taxation | | | | | | 59,245 | | | | 27,891 |
Taxation | | | | | | 13,563 | | | | 6,852 |
Net profit for the year after
taxation | | | | | | 45,682 | | | | 21,039 |
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Final dividends | | | | 35,000 | | | | 21,400 | | |
| | | | | | 35,000 | | | | 21,400 |
| | | | | | 10,682 | | | | (361) |
Retained profits brought forward | | | | | | 28,952 | | | | 29,313 |
Retained profits carried forward | | | | | | 39,634 | | | | 28,952 |
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This page does not form part of the Company's
Statutory Accounts and is prepared for the information of the
Directors only. |