Silverfin false false 30/09/2024 01/10/2023 30/09/2024 A Chong 06/05/2021 06 June 2025 The principal activity during the year continued to be letting and operating of owned or leased real estate. 13380614 2024-09-30 13380614 bus:Director1 2024-09-30 13380614 2023-09-30 13380614 core:CurrentFinancialInstruments 2024-09-30 13380614 core:CurrentFinancialInstruments 2023-09-30 13380614 core:Non-currentFinancialInstruments 2024-09-30 13380614 core:Non-currentFinancialInstruments 2023-09-30 13380614 core:ShareCapital 2024-09-30 13380614 core:ShareCapital 2023-09-30 13380614 core:RetainedEarningsAccumulatedLosses 2024-09-30 13380614 core:RetainedEarningsAccumulatedLosses 2023-09-30 13380614 core:LandBuildings 2023-09-30 13380614 core:OtherPropertyPlantEquipment 2023-09-30 13380614 core:LandBuildings 2024-09-30 13380614 core:OtherPropertyPlantEquipment 2024-09-30 13380614 2023-10-01 2024-09-30 13380614 bus:FilletedAccounts 2023-10-01 2024-09-30 13380614 bus:SmallEntities 2023-10-01 2024-09-30 13380614 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 13380614 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13380614 bus:Director1 2023-10-01 2024-09-30 13380614 core:LandBuildings 2023-10-01 2024-09-30 13380614 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 13380614 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Company No: 13380614 (England and Wales)

NEWCASTLE CAPITAL LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

NEWCASTLE CAPITAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024

Contents

NEWCASTLE CAPITAL LTD

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
NEWCASTLE CAPITAL LTD

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
DIRECTOR A Chong
SECRETARY Savio Services Ltd
REGISTERED OFFICE No. 5 Cosmo House
53 Wood Street
High Barnet
EN5 4BS
United Kingdom
COMPANY NUMBER 13380614 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
2nd Floor
201 Great Portland Street
Marylebone
London
W1W 5AB
United Kingdom
NEWCASTLE CAPITAL LTD

BALANCE SHEET

AS AT 30 SEPTEMBER 2024
NEWCASTLE CAPITAL LTD

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 196,103 157,626
196,103 157,626
Current assets
Debtors 4 617,514 356,515
Cash at bank and in hand 15,429 13,238
632,943 369,753
Creditors: amounts falling due within one year 5 ( 218,975) ( 17,496)
Net current assets 413,968 352,257
Total assets less current liabilities 610,071 509,883
Creditors: amounts falling due after more than one year 6 ( 438,494) ( 408,855)
Net assets 171,577 101,028
Capital and reserves
Called-up share capital 1 1
Profit and loss account 171,576 101,027
Total shareholder's funds 171,577 101,028

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Newcastle Capital Ltd (registered number: 13380614) were approved and authorised for issue by the Director on 06 June 2025. They were signed on its behalf by:

A Chong
Director
NEWCASTLE CAPITAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
NEWCASTLE CAPITAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Newcastle Capital Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is No. 5 Cosmo House, 53 Wood Street, High Barnet, EN5 4BS, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Taxation

Current tax
The tax expense represents the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 15 % reducing balance
Plant and machinery etc. 15 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight-line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

***Classification of financial liabilities***
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 October 2023 10,710 193,099 203,809
Additions 0 65,249 65,249
At 30 September 2024 10,710 258,348 269,058
Accumulated depreciation
At 01 October 2023 1,392 44,791 46,183
Charge for the financial year 1,398 25,374 26,772
At 30 September 2024 2,790 70,165 72,955
Net book value
At 30 September 2024 7,920 188,183 196,103
At 30 September 2023 9,318 148,308 157,626

4. Debtors

2024 2023
£ £
Trade debtors 589,697 328,698
Other debtors 27,817 27,817
617,514 356,515

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 36,440 0
Other taxation and social security 14,479 15,296
Other creditors 168,056 2,200
218,975 17,496

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 226,828 0
Other creditors 211,666 408,855
438,494 408,855

7. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 1,027,083 1,112,083