Registered number
12438787
New Brunswick Weston Limited
Filleted Accounts
31 December 2024
New Brunswick Weston Limited
Registered number: 12438787
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,607,623 6,615,399
Current assets
Debtors 4 64,938 139,501
Cash at bank and in hand 22,621 51,855
87,559 191,356
Creditors: amounts falling due within one year 5 (335,064) (324,657)
Net current liabilities (247,505) (133,301)
Total assets less current liabilities 6,360,118 6,482,098
Creditors: amounts falling due after more than one year 6 (4,870,832) (4,988,546)
Provisions for liabilities (243,214) (243,214)
Net assets 1,246,072 1,250,338
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 1,036,862 1,036,862
Profit and loss account 209,110 213,376
Shareholders' funds 1,246,072 1,250,338
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The 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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert Thompson
Director
Approved by the board on 30 June 2025
New Brunswick Weston Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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 future taxable profits. Deferred tax is measured using the 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 6,600,000 38,882 6,638,882
At 31 December 2024 6,600,000 38,882 6,638,882
Depreciation
At 1 January 2024 - 23,483 23,483
Charge for the year - 7,776 7,776
At 31 December 2024 - 31,259 31,259
Net book value
At 31 December 2024 6,600,000 7,623 6,607,623
At 31 December 2023 6,600,000 15,399 6,615,399
Freehold land and buildings: 2024 2023
£ £
Historical cost 5,319,924 5,319,924
Cumulative depreciation based on historical cost - -
5,319,924 5,319,924
The land and buildings are charged as security for the bank loan. The land and buildings were professionally valued during last year in connection with refinancing of the bank loans. The valuers were independent of this company, and the valuation was based upon a willing buyer and a willing seller. In the opinion of the director, a valuation of £6.6m represents fair value at 31 December 2024.
4 Debtors 2024 2023
£ £
Trade debtors 24,895 18,992
Other debtors 40,043 120,509
64,938 139,501
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 112,114 106,491
Trade creditors 77,544 77,335
Taxation and social security costs 8,630 13,597
Other creditors 136,776 127,234
335,064 324,657
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,183,068 3,300,782
Other creditors 1,687,764 1,687,764
4,870,832 4,988,546
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 3,295,181 3,407,273
The bank loans are secured on the land and buildings
8 Revaluation reserve 2024 2023
£ £
At 1 January 2024 1,036,862 1,036,862
At 31 December 2024 1,036,862 1,036,862
9 Related party transactions
This company is controlled by Brunswick Property Holdings Limited, a company registered in
Canada. At 31 December 2024, this company owed Brunswick Property Holdings Limited £127,637
(31/12/23 - £90,675). Roundstone Property Limited is also a significant shareholder, and at 31
December 2024, this company was owed £5,564 (31/12/23- £20,705) by Roundstone Property
Limited. Both amounts are interest free, unsecured, and repayable on demand.
In addition, companies associated with Roundstone Property Limited owed this company £7,500,
which was repaid after 31 December 2024.
During the period under review, Brunswick Property Holdings Limited charged interest of
£36,962 (31/12/23 - £85,299) and Rounstone Property Limited charged interest of £26,641
(31/12/23 - £52,711) on their loans to this company of £1,012,659 and £675,105 respectively.
The loans attract an interest rate of 3.65% and are repayable on disposal of the property.
Robert Thompson, the director of this company, is also a director and significant shareholder
of Roundstone Property Limited.
10 Other information
New Brunswick Weston Limited is a private company limited by shares and incorporated in England. Its registered office is:
Ion Building
Waldo Road
London
NW10 6AW
New Brunswick Weston Limited 12438787 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 Robert Thompson No description of principal activity 12438787 2023-01-01 2023-12-31 12438787 core:WithinOneYear 2023-12-31 12438787 core:AfterOneYear 2023-12-31 12438787 core:ShareCapital 2023-12-31 12438787 core:OtherReservesSubtotal 2023-12-31 12438787 core:RetainedEarningsAccumulatedLosses 2023-12-31 12438787 core:RevaluationReserve 2022-12-31 12438787 2024-01-01 2024-12-31 12438787 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12438787 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12438787 bus:Director40 2024-01-01 2024-12-31 12438787 1 2024-01-01 2024-12-31 12438787 2 2024-01-01 2024-12-31 12438787 core:LandBuildings 2024-01-01 2024-12-31 12438787 core:PlantMachinery 2024-01-01 2024-12-31 12438787 countries:England 2024-01-01 2024-12-31 12438787 bus:FRS102 2024-01-01 2024-12-31 12438787 bus:FilletedAccounts 2024-01-01 2024-12-31 12438787 2024-12-31 12438787 core:WithinOneYear 2024-12-31 12438787 core:AfterOneYear 2024-12-31 12438787 core:ShareCapital 2024-12-31 12438787 core:OtherReservesSubtotal 2024-12-31 12438787 core:RetainedEarningsAccumulatedLosses 2024-12-31 12438787 core:LandBuildings 2024-12-31 12438787 core:PlantMachinery 2024-12-31 12438787 core:RevaluationReserve 2024-12-31 12438787 2023-12-31 12438787 core:LandBuildings 2023-12-31 12438787 core:PlantMachinery 2023-12-31 12438787 core:RevaluationReserve 2023-12-31 iso4217:GBP xbrli:pure