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REGISTERED NUMBER: 09556041 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

NEWMART ASSET MANAGEMENT LIMITED

NEWMART ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 09556041)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWMART ASSET MANAGEMENT LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs S Neumann
M Neumann





REGISTERED OFFICE: First Floor, Winston House
349 Regents Park Road
London
N3 1DH





REGISTERED NUMBER: 09556041 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

NEWMART ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 09556041)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 804 2,391
Investments 5 138 138
Investment property 6 346,934 346,934
347,876 349,463

CURRENT ASSETS
Debtors 7 443,358 466,635
Cash at bank 3,269 2,944
446,627 469,579
CREDITORS
Amounts falling due within one year 8 608,635 589,404
NET CURRENT LIABILITIES (162,008 ) (119,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,868

229,638

CREDITORS
Amounts falling due after more than one
year

9

(119,631

)

(129,247

)

PROVISIONS FOR LIABILITIES (26,605 ) (26,605 )
NET ASSETS 39,632 73,786

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 79,816 79,816
Profit and loss account (40,284 ) (6,130 )
SHAREHOLDERS' FUNDS 39,632 73,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

NEWMART ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 09556041)

Balance Sheet - continued
30 APRIL 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





M Neumann - Director


NEWMART ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 09556041)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Newmart Asset Management 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 represents rental income receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at current open market value. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


NEWMART ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 09556041)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023
and 30 April 2024 4,761
DEPRECIATION
At 1 May 2023 2,370
Charge for year 1,587
At 30 April 2024 3,957
NET BOOK VALUE
At 30 April 2024 804
At 30 April 2023 2,391

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 May 2023
and 30 April 2024 138
NET BOOK VALUE
At 30 April 2024 138
At 30 April 2023 138

NEWMART ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 09556041)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 346,934
NET BOOK VALUE
At 30 April 2024 346,934
At 30 April 2023 346,934

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 106,421
Cost 240,513
346,934

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 443,358 466,437
Prepayments and accrued income - 198
443,358 466,635

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,478 17,679
Taxation and social security 1,249 373
Other creditors 593,908 571,352
608,635 589,404

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 119,631 129,247

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 82,123 50,747

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 111,782 115,722