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Company No: 12436228 (England and Wales)

NEWBRIX LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

NEWBRIX LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

NEWBRIX LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
NEWBRIX LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTORS G R W J Newbold
Dr M C T J Newbold
SECRETARY Dr M C T J Newbold
REGISTERED OFFICE 45 Gresham Street
London
EC2V 7BG
United Kingdom
COMPANY NUMBER 12436228 (England and Wales)
ACCOUNTANT S&W Partners LLP
4th Floor Cumberland House
15-17 Cumberland Place
Southampton
Hampshire
SO15 2BG
NEWBRIX LIMITED

BALANCE SHEET

As at 31 July 2024
NEWBRIX LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 2,500,000 2,500,000
2,500,000 2,500,000
Current assets
Debtors 4 13,133 0
Cash at bank and in hand 20,729 43,718
33,862 43,718
Creditors: amounts falling due within one year 5 ( 563,616) ( 599,005)
Net current liabilities (529,754) (555,287)
Total assets less current liabilities 1,970,246 1,944,713
Creditors: amounts falling due after more than one year 6 ( 1,940,929) ( 1,940,824)
Net assets 29,317 3,889
Capital and reserves
Called-up share capital 2 2
Profit and loss account 29,315 3,887
Total shareholders' funds 29,317 3,889

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Newbrix Limited (registered number: 12436228) were approved and authorised for issue by the Board of Directors on 22 July 2025. They were signed on its behalf by:

Dr M C T J Newbold
Director
NEWBRIX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
NEWBRIX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Newbrix Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 45 Gresham Street, London, EC2V 7BG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Newbrix Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Taxation

Current tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 August 2023 2,500,000
As at 31 July 2024 2,500,000

4. Debtors

2024 2023
£ £
Trade debtors 13,133 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,523 1,898
Amounts owed to Group undertakings 1,725 1,725
Amounts owed to directors 541,131 586,131
Accruals and deferred income 10,794 8,842
Taxation and social security 8,443 409
563,616 599,005

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 1,940,929 1,940,824

On 24 November 2020, debentures were registered against the Company by Hampshire Trust Bank. These contained a fixed and floating charge over all property and undertakings of the Company.

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Balance owed to directors 541,131 586,131

During the year, the directors loaned the Company £Nil. The directors were repaid £45,000. The balance owed at the year end was £541,131, no interest is being charged, and the loan is repayable on demand.