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REGISTERED NUMBER: 02995494 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

NEWPOINT PROPERTIES LIMITED

NEWPOINT PROPERTIES LIMITED (REGISTERED NUMBER: 02995494)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NEWPOINT PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: M Speilman
S Kritzler
M Zafir





SECRETARY: Ms R Spilmen





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 02995494 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

NEWPOINT PROPERTIES LIMITED (REGISTERED NUMBER: 02995494)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Investment property 4 780,000 780,000

CURRENT ASSETS
Debtors 9,939 10,700
Cash at bank 3,974 1,065
13,913 11,765
CREDITORS
Amounts falling due within one year (7,144 ) (7,295 )
NET CURRENT ASSETS 6,769 4,470
TOTAL ASSETS LESS CURRENT
LIABILITIES

786,769

784,470

CREDITORS
Amounts falling due after more than one year 5 (57,951 ) (61,404 )
NET ASSETS 728,818 723,066

CAPITAL AND RESERVES
Called up share capital 7 1 1
Revaluation reserve 8 650,625 650,625
Retained earnings 8 78,192 72,440
SHAREHOLDERS' FUNDS 728,818 723,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

NEWPOINT PROPERTIES LIMITED (REGISTERED NUMBER: 02995494)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 May 2025 and were signed on its behalf by:





S Kritzler - Director


NEWPOINT PROPERTIES LIMITED (REGISTERED NUMBER: 02995494)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

NEWPOINT PROPERTIES LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.


5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.11.24 30.11.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 57,951 61,404

NEWPOINT PROPERTIES LIMITED (REGISTERED NUMBER: 02995494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank loans 57,951 61,404

The mortgage loans are secured by a first charge over the company's property. .

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
1 Ordinary £1 1 1

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 December 2023 72,440 650,625 723,065
Profit for the year 5,752 5,752
At 30 November 2024 78,192 650,625 728,817