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Newshore Investments Limited

Registered Number
13943638
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

Newshore Investments Limited
Company Information
for the period from 1 March 2023 to 31 March 2024

Directors

Dr Priyanka Sharma
Dr Vikram Sharma

Registered Address

14 Granary Way
Cloughton
Scarborough
YO13 0FE

Registered Number

13943638 (England and Wales)
Newshore Investments Limited
Statement of Financial Position
31 March 2024

Notes

31 Mar 2024

28 Feb 2023

£

£

£

£

Fixed assets
Intangible assets311,624-
Tangible assets4305,700-
Investments5257,428-
574,752-
Current assets
Debtors57,850-
Cash at bank and on hand2,971-
60,821-
Creditors amounts falling due within one year6(18,239)-
Net current assets (liabilities)42,582-
Total assets less current liabilities617,334-
Creditors amounts falling due after one year7(616,697)-
Net assets637-
Capital and reserves
Called up share capital200-
Profit and loss account437-
Shareholders' funds637-
The financial statements were approved and authorised for issue by the Board of Directors on 9 January 2025, and are signed on its behalf by:
Dr Priyanka Sharma
Director
Dr Vikram Sharma
Director

Registered Company No. 13943638
Newshore Investments Limited
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Functional and presentation currency
The financial statements are presented in sterling, which is the functional currency of the entity.
Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. The directors have guaranteed the continued running of the company.
Turnover policy
The revenue shown in the profit and loss account represents income receivable from rental properties owned during the period.
Dividend income
Dividend income is recognised when the right to receive payment is established.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Other

Total

££
Cost or valuation
Additions11,62411,624
At 31 March 2411,62411,624
Net book value
At 31 March 2411,62411,624
At 28 February 23--
4.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
Additions305,700305,700
At 31 March 24305,700305,700
Net book value
At 31 March 24305,700305,700
At 28 February 23--
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
Additions257,428257,428
At 31 March 24257,428257,428
Net book value
At 31 March 24257,428257,428
At 28 February 23--

Notes

1Investments in group undertakings and participating interests
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts16,705-
Accrued liabilities and deferred income1,534-
Total18,239-
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts616,697-
Total616,697-