REGISTERED NUMBER: 08824534 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH DECEMBER 2024

FOR

AT NEWMAN PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Newman

REGISTERED OFFICE:

495 Green Lanes

London

N13 4BS

REGISTERED NUMBER:

08824534 (England and Wales)

ACCOUNTANTS:

Avraam Associates Limited

Chartered Accountants

495 Green Lanes

London

N13 4BS

FIXED ASSETS

Investment property

4

5,800,000

5,800,000

CURRENT ASSETS

Debtors

5

-

2,053

Cash at bank

2,749

59,430

2,749

61,483

CREDITORS

Amounts falling due within one year

6

2,118,055

2,076,414

NET CURRENT LIABILITIES

(2,115,306

)

(2,014,931

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,684,694

3,785,069

CREDITORS

Amounts falling due after more than one year

7

(911,734

)

(947,257

)

PROVISIONS FOR LIABILITIES

9

(716,246

)

(716,246

)

NET ASSETS

2,056,714

2,121,566

CAPITAL AND RESERVES

Called up share capital

10

2

2

Non Distributable Reserve

11

2,148,737

2,148,737

Retained earnings

(92,025

)

(27,173

)

SHAREHOLDERS' FUNDS

2,056,714

2,121,566

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

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

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 by the director and authorised for issue on 10th September 2025 and were signed by:

A Newman - Director

1.	STATUTORY INFORMATION

At Newman Property 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 Euro (€).

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

€

FAIR VALUE

At 31st December 2023

and 30th December 2024

5,800,000

NET BOOK VALUE

At 30th December 2024

5,800,000

At 30th December 2023

5,800,000

Fair value at 30th December 2024 is represented by:

€

Valuation in 2024

5,800,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024

2023

€

€

Cost

2,935,018

2,935,018

Investment property was valued on an open market basis on 2nd May 2025 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

€

€

Trade debtors

-

2,053

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

€

€

Trade creditors

-

84,755

Taxation and social security

193

193

Other creditors

2,117,862

1,991,466

2,118,055

2,076,414

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

€

€

Other creditors

911,734

947,257

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

€

€

DNB Luxenbourg S.A

911,374

947,257

DNB Luxenbourg S.A holds a charge over the property of the company.

9.	PROVISIONS FOR LIABILITIES

2024

2023

€

€

Deferred tax

716,246

716,246

Deferred

tax

€

Balance at 31st December 2023

716,246

Balance at 30th December 2024

716,246

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

€

€

2

Ordinary

£1

2

2

11.

RESERVES

Non

Distributable

Reserve

€

At 31st December 2023

and 30th December 2024

2,148,737