NEWCYCLE INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2025
Company Registration Number: 04405208
NEWCYCLE INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
CONTENTS PAGES
Company information 1
Balance sheet 2 to 3
Notes to the financial statements 4 to 8
NEWCYCLE INVESTMENTS LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025
DIRECTOR
I N H Allington
SECRETARY
I N H Allington
REGISTERED OFFICE
C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxford
OX5 1LQ
COMPANY REGISTRATION NUMBER
04405208 England and Wales
NEWCYCLE INVESTMENTS LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2025
Notes 2025 2024
£ £
FIXED ASSETS
Tangible assets 5 - 22
Investments 6 1,300,000 1,300,000
1,300,000 1,300,022
CURRENT ASSETS
Debtors 7 137,092 142,092
Cash at bank and in hand 41,406 11,909
178,498 154,001
CREDITORS: Amounts falling due within one year 8 371,021 383,098
NET CURRENT LIABILITIES (192,523) (229,097)
TOTAL ASSETS LESS CURRENT LIABILITIES 1,107,477 1,070,925
CREDITORS: Amounts falling due after more than one year 9 1,976 4,554
Provisions for liabilities and charges 72,789 72,795
NET ASSETS 1,032,712 993,576
CAPITAL AND RESERVES
Called up share capital 100 100
Distributable profit and loss account 562,281 523,145
Non distributable profit and loss account 470,331 470,331
SHAREHOLDER'S FUNDS 1,032,712 993,576
NEWCYCLE INVESTMENTS LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2025
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have 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.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board
I N H Allington
Director
Date approved by the board: 12 June 2025
NEWCYCLE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
1 GENERAL INFORMATION
Newcycle Investments Limited is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are:
Registered office Principal place of business
C9 Glyme Court 81 Sheep Street
Oxford Office Village Bicester
Langford Lane Oxfordshire
Kidlington OX26 6JS
Oxford
OX5 1LQ
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Revenue recognition
Turnover represents rent receivable.
The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.
Tangible fixed assets
Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.
Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.
Computer equipment 25% Reducing balance basis
On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.
Subsequently, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account in the period in which they arise.
NEWCYCLE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
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 accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
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 amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.
If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
NEWCYCLE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. 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 taxable profits.
Deferred tax is measured using 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.
Deferred tax relating to land and investment properties that is measured at fair value is measured using the tax rates and allowances that apply to the sale of the asset.
Current and deferred tax assets and liabilities are not discounted.
Consolidation
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 399 of the Companies Act 2006 not to prepare group accounts.
3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
The director has made key assumptions in determination of the fair value of its investment properties in respect of the state of the property market in the location where the properties are situated and in respect of the range of reasonable fair value estimates of these assets.
4 EMPLOYEES
The average number of persons employed by the company (including the director) during the year was:
2025 2024
Average number of employees 1 1
NEWCYCLE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
5 TANGIBLE ASSETS
Computer equipment
£
Cost
At 1 February 2024 490
Disposals (490)
At 31 January 2025 -
Accumulated depreciation and impairments
At 1 February 2024 468
Charge for year 6
Disposals (474)
At 31 January 2025 -
Net book value
At 1 February 2024 22
6 FIXED ASSET INVESTMENTS
Investment properties
£
Cost
At 1 February 2024 1,300,000
At 31 January 2025 1,300,000
Net book value
At 1 February 2024 1,300,000
At 31 January 2025 1,300,000
In the opinion of the director, all investment properties have been stated at fair value.
7 DEBTORS
2025 2024
£ £
Other debtors 137,092 142,092
NEWCYCLE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
8 CREDITORS: Amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 2,578 2,514
Taxation and social security 11,981 8,222
Accruals and deferred income 3,315 3,315
Other creditors 353,147 369,047
371,021 383,098
9 CREDITORS: Amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts 1,976 4,554
10 RELATED PARTY TRANSACTIONS
The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:
Newcycle Property Limited
Subsidiary company
During the year, the following transactions with related parties took place:
I N H Allington
Director 2025 2024
£ £
Advances to company The director made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount: 38,656 38,656
Broadribb Limited
Connected company 2025 2024
£ £
Advances from company Amount due from connected company at the year end: 136,221 141,116
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