Newvale Greenford Limited Filleted Accounts Cover
Newvale Greenford Limited
Company No. 08375739
Information for Filing with The Registrar
31 May 2025
Newvale Greenford Limited Balance Sheet Registrar
at
31 May 2025
Company No.
08375739
Notes
2025
2024
£
£
Fixed assets
Investment property
4
1,880,0001,880,000
1,880,0001,880,000
Current assets
Debtors
5
2,6375,209
Cash at bank and in hand
23,64524,149
26,28229,358
Creditors: Amount falling due within one year
6
(50,103)
(48,432)
Net current liabilities
(23,821)
(19,074)
Total assets less current liabilities
1,856,1791,860,926
Creditors: Amounts falling due after more than one year
7
(619,545)
(646,978)
Provisions for liabilities
Deferred taxation
(100,540)
(100,540)
Net assets
1,136,0941,113,408
Capital and reserves
Called up share capital
1212
Revaluation reserve
8
529,159529,159
Profit and loss account
8
606,923584,237
Total equity
1,136,0941,113,408
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 10 July 2025 and signed on its behalf by:
Ali Pourghazi
Director
10 July 2025
Newvale Greenford Limited Notes to the Accounts Registrar
for the year ended 31 May 2025
1
General information
Newvale Greenford Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 08375739
Its registered office is:
277-279 Chiswick High Road
London
W4 4PU
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2025
2024
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Investment property
Freehold Investment Property
£
Valuation
At 1 June 2024
1,880,000
At 31 May 2025
1,880,000
5
Debtors
2025
2024
£
£
Trade debtors
-1,400
Prepayments and accrued income
2,6373,809
2,6375,209
6
Creditors:
amounts falling due within one year
2025
2024
£
£
Bounce back loan
7,233-
Taxes and social security
13,909
10,241
Loans from directors
1,1608,160
Other creditors - rent deposit
20,68320,373
Accruals and deferred income
7,1189,658
50,10348,432
7
Creditors:
amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
619,545619,545
Bounce back loan
-13,433
Other creditors - Shareholders
-14,000
619,545646,978
8
Reserves
Revaluation Reserve
Total other reserves
£
£
At 1 June 2023
529,159
529,159
At 31 May 2024 and 1 June 2024
529,159
529,159
At 31 May 2025
529,159529,159
Revaluation reserve - reflects the revaluation of property other than investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
9
Directors and shareholders balances
2025
2024
£
£
Director Ali Pourghazi
580
4,080
Director Esfandiar Karimi
580
4,080
Other creditor - Shareholder - Nassrin Pourghazi
0
3,500
Other creditor - Shareholder - Fateme Hafezalsehe
0
3,500
Other creditor - Shareholder - Navid Pourghazi
0
3,500
Other creditor - Shareholder - Bahar Karimi
0
3,500
1,160
22,160
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