Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-313false2024-01-01Investment company3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08971285 2024-01-01 2024-12-31 08971285 2023-01-01 2023-12-31 08971285 2024-12-31 08971285 2023-12-31 08971285 c:Director2 2024-01-01 2024-12-31 08971285 d:FreeholdInvestmentProperty 2024-12-31 08971285 d:FreeholdInvestmentProperty 2023-12-31 08971285 d:CurrentFinancialInstruments 2024-12-31 08971285 d:CurrentFinancialInstruments 2023-12-31 08971285 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08971285 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08971285 d:ShareCapital 2024-12-31 08971285 d:ShareCapital 2023-12-31 08971285 d:SharePremium 2024-12-31 08971285 d:SharePremium 2023-12-31 08971285 d:RetainedEarningsAccumulatedLosses 2024-12-31 08971285 d:RetainedEarningsAccumulatedLosses 2023-12-31 08971285 c:OrdinaryShareClass1 2024-01-01 2024-12-31 08971285 c:OrdinaryShareClass1 2024-12-31 08971285 c:OrdinaryShareClass1 2023-12-31 08971285 c:OrdinaryShareClass2 2024-01-01 2024-12-31 08971285 c:OrdinaryShareClass2 2024-12-31 08971285 c:OrdinaryShareClass2 2023-12-31 08971285 c:FRS102 2024-01-01 2024-12-31 08971285 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08971285 c:FullAccounts 2024-01-01 2024-12-31 08971285 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08971285 2 2024-01-01 2024-12-31 08971285 6 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08971285










NEWSTEAD PARK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
NEWSTEAD PARK LIMITED
REGISTERED NUMBER: 08971285

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,286,211
1,283,652

Investment property
 5 
783,662
783,662

  
2,069,873
2,067,314

Current assets
  

Bank and cash balances
  
59,498
60,628

Creditors: amounts falling due within one year
 6 
(738,066)
(736,163)

Net current liabilities
  
 
 
(678,568)
 
 
(675,535)

Provisions for liabilities
  

Deferred tax
  
(27,865)
(19,961)

Net assets
  
1,363,440
1,371,818


Capital and reserves
  

Called up share capital 
 7 
784
892

Share premium account
  
772,075
867,963

Profit and loss account
  
590,581
502,963

  
1,363,440
1,371,818


Page 1

 
NEWSTEAD PARK LIMITED
REGISTERED NUMBER: 08971285
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Ms R Bonning
Director

Date: 26 March 2025


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
NEWSTEAD PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Newstead Park Limited ("the Company") is a private company limited by shares, incorporated in England and Wales under the Companies Act..
The registered number and adress of the registered office are given in the company information.
The functional and presentational currency of the Company is pounds sterling (£) and rounded to the nearest whole pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon an improvement in the company's trading position and continued financial support from its director and shareholders. The financial statements do not include any adjustments that would result if such support is not continuing. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
NEWSTEAD PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
NEWSTEAD PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Page 5

 
NEWSTEAD PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 6

 
NEWSTEAD PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Fixed asset investments





Other fixed asset investments

£



Valuation


At 1 January 2024
1,283,652


Additions
82,557


Disposals
(109,488)


Revaluations
29,490



At 31 December 2024
1,286,211





5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
783,662



At 31 December 2024
783,662

The 2024 valuations were made by the Directors, on an open market value for existing use basis.





6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
9,340
4,235

Other creditors
725,366
729,258

Accruals and deferred income
3,360
2,670

738,066
736,163


Page 7

 
NEWSTEAD PARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



251 (2023 - 251) Ordinary shares of £1.00 each
251
251
533 (2023 - 641) Ordinary A shares of £1.00 each
533
641

784

892

On 1 August 2024, there was a share buyback of 108 Ordinary A shares of £1 each.



8.


Related party transactions

At the end of the year an amount of £49,366 (2023: £49,258) was owed to a director and £676,000 (2023: £680,000) was owed to a second director in respect of monies advanced to the Company through their directors' loan account, these are included within other creditors. These amounts are unsecured, interest free and repayable on demand.

 
Page 8