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REGISTERED NUMBER: SC272410 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Newton Property Limited

Newton Property Limited (Registered number: SC272410)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newton Property Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J Newton
E J Newton
D Newton





SECRETARY: E J Newton





REGISTERED OFFICE: 44a Marine Parade
Millport
Isle of Cumbrae
KA28 0EF





REGISTERED NUMBER: SC272410 (Scotland)





ACCOUNTANTS: Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG

Newton Property Limited (Registered number: SC272410)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,080 1,186
Investment property 5 484,068 484,068
485,148 485,254

CURRENT ASSETS
Debtors 6 8,190 7,655
Cash at bank 3,040 5,583
11,230 13,238
CREDITORS
Amounts falling due within one year 7 184,667 188,447
NET CURRENT LIABILITIES (173,437 ) (175,209 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,711

310,045

CAPITAL AND RESERVES
Called up share capital 7 7
Retained earnings 311,704 310,038
SHAREHOLDERS' FUNDS 311,711 310,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Newton Property Limited (Registered number: SC272410)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

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:





J Newton - Director


Newton Property Limited (Registered number: SC272410)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Newton Property Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 - 3 ) .

Newton Property Limited (Registered number: SC272410)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 1,500 10,718 12,218
DEPRECIATION
At 1 September 2023 420 10,612 11,032
Charge for year - 106 106
At 31 August 2024 420 10,718 11,138
NET BOOK VALUE
At 31 August 2024 1,080 - 1,080
At 31 August 2023 1,080 106 1,186

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 484,068
NET BOOK VALUE
At 31 August 2024 484,068
At 31 August 2023 484,068

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,190 7,655

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 416 1,545
Other creditors 184,251 186,902
184,667 188,447