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REGISTERED NUMBER: 04076621 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

NEWPRIDE VENTURES LTD

NEWPRIDE VENTURES LTD (REGISTERED NUMBER: 04076621)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NEWPRIDE VENTURES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: J Schischa





SECRETARY: Mrs F Schischa





REGISTERED OFFICE: 2 Gilda Crescent
Stamford Hill
London
N16 6JP





REGISTERED NUMBER: 04076621 (England and Wales)





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

NEWPRIDE VENTURES LTD (REGISTERED NUMBER: 04076621)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 229 293
Investment property 6 975,000 975,000
975,229 975,293

CURRENT ASSETS
Debtors 7 595,680 594,113
Cash at bank 190,959 173,420
786,639 767,533
CREDITORS
Amounts falling due within one year 8 (236,730 ) (235,436 )
NET CURRENT ASSETS 549,909 532,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,525,138

1,507,390

CREDITORS
Amounts falling due after more than one
year

9

(54,419

)

(64,816

)

PROVISIONS FOR LIABILITIES (8,783 ) (8,783 )
NET ASSETS 1,461,936 1,433,791

CAPITAL AND RESERVES
Called up share capital 12 1 1
Fair value reserve 13 290,720 290,720
Retained earnings 13 1,171,215 1,143,070
SHAREHOLDERS' FUNDS 1,461,936 1,433,791

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NEWPRIDE VENTURES LTD (REGISTERED NUMBER: 04076621)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 and authorized for issue by the director and authorised for issue on 17 June 2025 and were signed by:





J Schischa - Director


NEWPRIDE VENTURES LTD (REGISTERED NUMBER: 04076621)

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

1. STATUTORY INFORMATION

Newpride Ventures Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, exluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

NEWPRIDE VENTURES LTD (REGISTERED NUMBER: 04076621)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 2,690 2,480 5,170
DEPRECIATION
At 1 October 2023 2,504 2,373 4,877
Charge for year 28 36 64
At 30 September 2024 2,532 2,409 4,941
NET BOOK VALUE
At 30 September 2024 158 71 229
At 30 September 2023 186 107 293

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 975,000
NET BOOK VALUE
At 30 September 2024 975,000
At 30 September 2023 975,000

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method.

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2017 299,503
Cost 675,497
975,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,567 -
Other debtors 594,113 594,113
595,680 594,113

NEWPRIDE VENTURES LTD (REGISTERED NUMBER: 04076621)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 2,555 -
Taxation and social security 9,940 7,951
Other creditors 224,235 227,485
236,730 235,436

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 10) 54,419 64,816

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 54,419 64,816

10. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans 54,419 64,816

11. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 54,419 64,816

The bank loans are secured by a first charge over the company's investment properties and bear interest at variable rates.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary £1 1 1

NEWPRIDE VENTURES LTD (REGISTERED NUMBER: 04076621)

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

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2023 1,143,070 290,720 1,433,790
Profit for the year 28,145 28,145
At 30 September 2024 1,171,215 290,720 1,461,935

14. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is Mrs. F Schischa