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COMPANY REGISTRATION NUMBER: 14389594

Newlond Limited

Filleted Unaudited Financial Statements

30 September 2024

Newlond Limited

Statement of Financial Position

30 September 2024

| 2024 | 2023
Note | £ | £

Fixed assets

Tangible assets | 5 | 829 | –
Investments | 6 | 5,658,970 | 5,656,145
| ------------ | ------------
| 5,659,799 | 5,656,145

Current assets

Debtors | 7 | – | 19,626
Cash at bank and in hand | 403,401 | 791,975
| --------- | ---------
| 403,401 | 811,601

Creditors: amounts falling due within one year | 8 | 5,777,323 | 6,107,954
| ------------ | ------------
Net current liabilities | 5,373,922 | 5,296,353
| ------------ | ------------
Total assets less current liabilities | 285,877 | 359,792
| --------- | ---------
Net assets | 285,877 | 359,792
| --------- | ---------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | 285,777 | 359,692
| --------- | ---------
Shareholders funds | 285,877 | 359,792
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Newlond Limited

Statement of Financial Position (continued)

30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 12 September 2025 , and are signed on behalf of the board by:

Mr I Epstein
Director

Company registration number: 14389594

Newlond Limited

Notes to the Financial Statements

Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First Floor, 1 Duchess Street, London, W1W 6AN, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents income earned on investments held. Dividends are recognised in the period in which they are received. Interest is recognised on an accruals basis.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Equipment | - | 33% straight line

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets

| Equipment
| £
Cost |
At 1 October 2023 | –
Additions | 1,148
| -------
At 30 September 2024 | 1,148
| -------
Depreciation |
At 1 October 2023 | –
Charge for the year | 319
| -------
At 30 September 2024 | 319
| -------
Carrying amount |
At 30 September 2024 | 829
| -------
At 30 September 2023 | –
| -------

6. Investments

| Other loans
| £
Cost |
At 1 October 2023 | 5,656,145
Additions | 572,000
Other movements | ( 569,175)
| ------------
At 30 September 2024 | 5,658,970
| ------------
Impairment |
At 1 October 2023 and 30 September 2024 | –
| ------------

Carrying amount |
At 30 September 2024 | 5,658,970
| ------------
At 30 September 2023 | 5,656,145
| ------------

7. Debtors

| 2024 | 2023
| £ | £
Other debtors | – | 19,626
| ---- | --------

8. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Corporation tax | – | 175,795
Other creditors | 5,777,323 | 5,932,159
| ------------ | ------------
| 5,777,323 | 6,107,954
| ------------ | ------------

9. Directors' advances, credits and guarantees
Included in Other Creditors are amounts owing to the directors at the year end of £5,769,750 (2023: £5,833,291). The loan is on unsecured and interest free terms and is repayable on demand.