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Company Registration No. 13811763 (England and Wales)
Newport Residential Ltd Unaudited accounts for the year ended 31 December 2024
Newport Residential Ltd Unaudited accounts Contents
Page
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Newport Residential Ltd Company Information for the year ended 31 December 2024
Directors
Dominic Matthew Newport Rachel Newport
Company Number
13811763 (England and Wales)
Registered Office
13 Carrwood Road Wilmslow England SK9 5DJ
Accountants
Rock Advisory Limited 13 Carrwood Road Wilmslow SK9 5DJ
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Newport Residential Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,881 
- 
Investment property
17,695 
17,695 
Investments
132,708 
109,000 
152,284 
126,695 
Current assets
Cash at bank and in hand
4,392 
1,800 
Creditors: amounts falling due within one year
(165,250)
(132,606)
Net current liabilities
(160,858)
(130,806)
Net liabilities
(8,574)
(4,111)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(8,576)
(4,113)
Shareholders' funds
(8,574)
(4,111)
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by
Dominic Matthew Newport Director Company Registration No. 13811763
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Newport Residential Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Newport Residential Ltd is a private company, limited by shares, registered in England and Wales, registration number 13811763. The registered office is 13 Carrwood Road, Wilmslow, England, SK9 5DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% RBM
Computer equipment
33% SLM
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
- 
- 
- 
Additions
648 
1,909 
2,557 
At 31 December 2024
648 
1,909 
2,557 
Depreciation
Charge for the year
40 
636 
676 
At 31 December 2024
40 
636 
676 
Net book value
At 31 December 2024
608 
1,273 
1,881 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
17,695 
At 31 December 2024
17,695 
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Newport Residential Ltd Notes to the Accounts for the year ended 31 December 2024
6
Investments
Other investments 
£ 
Valuation at 1 January 2024
109,000 
Additions
23,708 
Valuation at 31 December 2024
132,708 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
54,169 
54,555 
Loans from directors
110,001 
77,251 
Accruals
1,080 
800 
165,250 
132,606 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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