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REGISTERED NUMBER: 09077157 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NEWMOUNT DEVELOPMENTS LIMITED

NEWMOUNT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09077157)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWMOUNT DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: P Savage
J Smith





REGISTERED OFFICE: 222 St Margarets Road
Ward End
Birmingham
West Midlands
B8 2BG





REGISTERED NUMBER: 09077157 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

NEWMOUNT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09077157)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,365,703 1,389,238
Investment property 5 195,000 145,000
1,560,703 1,534,238

CURRENT ASSETS
Debtors 6 9,644 9,483
Cash at bank 31,948 24,627
41,592 34,110
CREDITORS
Amounts falling due within one year 7 1,526,373 1,520,216
NET CURRENT LIABILITIES (1,484,781 ) (1,486,106 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,922

48,132

PROVISIONS FOR LIABILITIES 12,500 -
NET ASSETS 63,422 48,132

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 37,500 -
Retained earnings 25,921 48,131
63,422 48,132

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

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

NEWMOUNT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09077157)

BALANCE SHEET - continued
31 DECEMBER 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 10 June 2025 and were signed on its behalf by:





J Smith - Director


NEWMOUNT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09077157)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

The company (registered number 09077157) is a private company, limited by shares, incorporated and domiciled in England and Wales. The registered office and trading address is 222 St Margarets Road, Ward End, Birmingham, B8 2BG.

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.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Investment property rented to other group entities and accounted for under the cost model is stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Land - Not depreciated
Buildings - 2% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

NEWMOUNT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09077157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2024
and 31 December 2024 1,426,756
DEPRECIATION
At 1 January 2024 37,518
Charge for year 23,535
At 31 December 2024 61,053
NET BOOK VALUE
At 31 December 2024 1,365,703
At 31 December 2023 1,389,238

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 145,000
Revaluations 50,000
At 31 December 2024 195,000
NET BOOK VALUE
At 31 December 2024 195,000
At 31 December 2023 145,000

The 2024 valuations were made by the directors, on an open market value for existing use basis. The original cost is £145,000.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,644 9,483

NEWMOUNT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09077157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,523,055 1,518,266
Taxation and social security 568 -
Other creditors 2,750 1,950
1,526,373 1,520,216

8. RESERVES
Revaluation
reserve
£   
Reserves transfer 37,500

At 31 December 2024 37,500