Registered number
10910921
New Look Properties Limited
Filleted Accounts
31 August 2024
New Look Properties Limited
Registered number: 10910921
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,515 -
Investments 4 900,000 900,000
902,515 900,000
Current assets
Debtors 5 7,727 1,540
Cash at bank and in hand 1,460 974
9,187 2,514
Creditors: amounts falling due within one year 6 (124,761) (98,626)
Net current liabilities (115,574) (96,112)
Total assets less current liabilities 786,941 803,888
Creditors: amounts falling due after more than one year 7 (668,429) (673,512)
Provisions for liabilities (52,829) (40,150)
Net assets 65,683 90,226
Capital and reserves
Called up share capital 5 5
Profit and loss account 65,678 90,221
Shareholder's funds 65,683 90,226
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sunder Kripalani
Director
Approved by the board on 29 May 2025
New Look Properties Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Rental Income
Rental Income is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Rental Income includes revenue earned from rendering of accommodation services.
Rental Income from the rendering of accommodation services is recognised on accruals basis.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Going Concern
At 31 August 2024 the company had net current liabilities of £115,574 [2023 - £96,112]. The directors of the company is confident that all payments and liabilities will be met as and when they arise. The director is of the opinion that the financial statements should be drawn up on a going concern basis.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 10,316
Additions 2,693
At 31 August 2024 13,009
Depreciation
At 1 September 2023 10,316
Charge for the year 178
At 31 August 2024 10,494
Net book value
At 31 August 2024 2,515
At 31 August 2023 -
4 Investments
Other
investments
£
Cost
At 1 September 2023 900,000
At 31 August 2024 900,000
The directors confirmed the following investment properties have been revalued by an Independent Professional Valuer at the year end.

137 Gladys Avenue, Portsmouth, PO2 9BD - £510,000.
165 Chichester Road, Portsmouth, PO2 0AJ - £390,000.
5 Debtors 2024 2023
£ £
Trade debtors 7,106 1,540
Other debtors 621 -
7,727 1,540
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,181 5,181
Other creditors 119,580 93,445
124,761 98,626
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 668,429 673,512
8 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 365,233 643,722
Secured bank loans 643,820 643,722
Shawbrook Bank Limited has a legal charge over the following Investment Properties containing a fixed and a negative pledge and with a personal guarantee provided by the director - Mr Sunder Kripalani.

165 Chichester Road, Portsmouth, Hants, PO2 0AJ.
137 Gladys Avenue, Portsmouth, PO2 9BD.
9 Transactions with directors
At the year end the company owed the director - Mr Sunder Kripalani - £93,995 [2023 - £90,595].
10 Controlling party
The company is controlled by Mr Sunder Kripalani by virtue of his 100% shareholding in the issued share capital of the company.
11 Other information
New Look Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite-11, Boundary House
Boston Road
London
W7 2QE
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