Registration number: 05298694

Newland Properties SW Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 10

Newland Properties SW Limited

Company Information

Directors

Ms S E Scarth Mrs J M Scarth Miss A C Scarth

Registered office

77a Cheap Street Sherborne Dorset DT9 3BA

Accountants

Lanham & Francis Chartered Accountants77a Cheap Street Sherborne Dorset DT9 3BA

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Newland Properties SW Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Newland Properties SW Limited for the year ended 31 December 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Newland Properties SW Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Newland Properties SW Limited and state those matters that we have agreed to state to the Board of Directors of Newland Properties SW Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Newland Properties SW Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Newland Properties SW Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Newland Properties SW Limited. You consider that Newland Properties SW Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Newland Properties SW Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Lanham & Francis
Chartered Accountants
77a Cheap Street
Sherborne
Dorset
DT9 3BA

29 September 2025

Newland Properties SW Limited

(Registration number: 05298694)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	105,950	105,975
Current assets
Debtors	5	189,092	187,362
Cash at bank and in hand		61,691	58,486
		250,783	245,848
Creditors: Amounts falling due within one year	6	(77,026)	(74,307)
Net current assets		173,757	171,541
Net assets		279,707	277,516
Capital and reserves
Called up share capital	7	4	4
Other reserves		1,511	1,511
Retained earnings		278,192	276,001
Shareholders' funds		279,707	277,516

Newland Properties SW Limited

(Registration number: 05298694)
Balance Sheet as at 31 December 2024 (continued)

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

Mrs J M Scarth Director

Newland Properties SW Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
77a Cheap Street
Sherborne
Dorset
DT9 3BA

The principal place of business is:
Gilyards
Westbury
Sherborne
Dorset
DT9 3RA

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Departures from Companies Act requirements

The company has properties held for long-term investment. No depreciation is provided in respect of investment properties. This treatment may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view.

Newland Properties SW Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for commissions, property sales and rental income in the ordinary course of the company’s activities. Turnover is shown net of value added tax and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the United Kingdom.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. It is provided at current rates on unrealised gains on revaluation of the investment property.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	2% on cost
Investment property	nil provision
Furniture, fittings and equipment	20% on reducing balance
Computer equipment	3 years on cost

Investment property

Properties are valued using open market valuation on freehold basis conducted annually.
Operating leases are classified as investment property when there is no intention to sell in the foreseeable future.

Investments

Investments are in equity shares which are not publicly traded and where fair value cannot be measured reliably and are measured at cost less impairment.

Newland Properties SW Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Stocks

Stocks of stationery are stated at cost. Cost is determined using the first-in, first-out (FIFO) method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
FRS 102 classifies financial instruments as either basic financial instruments or other financial instruments. The accounting treatment varies according to the classification.
Basic financial instruments are defined as one of the following:
- cash
- a debt instrument (such as accounts receivable and payable)
- commitment to receive a loan that satisfy certain criteria
- investments in non-convertible preference shares, and non puttable ordinary shares.

All other financial instruments are classed as other financial instruments and treated accordingly.

 Recognition and measurement
Investments represent the value at cost of the company's wholly owned subsidiary, Evertide Properties Ltd.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

Newland Properties SW Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	106,250	1,681	107,931
At 31 December 2024	106,250	1,681	107,931
Depreciation
At 1 January 2024	275	1,681	1,956
Charge for the year	25	-	25
At 31 December 2024	300	1,681	1,981
Carrying amount
At 31 December 2024	105,950	-	105,950
At 31 December 2023	105,975	-	105,975

Included within the net book value of land and buildings above is £105,000 (2023 - £105,000) in respect of freehold land and buildings and £950 (2023 - £975) in respect of long leasehold land and buildings.
 

Revaluation

The fair value of the company's investment property was revalued on 31 December 2024 by an independent valuer. The name and qualification of the independent valuer are David Wheeler MRICS, MISVA of Woolley & Wallis.

Had this class of asset been measured on a historical cost basis, the carrying amount would have been £103,489 (2023 - £103,489)

5

Debtors

Current	2024 £	2023 £
Trade debtors	345	100
Other debtors	188,747	187,262
	189,092	187,362

Newland Properties SW Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	1,860	104
Taxation and social security	48,687	47,935
Accruals and deferred income	26,479	26,268
	77,026	74,307