Registration number: 4289007

Newman Homes Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 5

Newman Homes Limited

Company Information

Directors

A J Newman I C Newman

Company secretary

I C Newman

Registered office

11 Moray Avenue Birchington England CT7 9UN

Newman Homes Limited

(Registration number: 4289007)
Abridged Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	3	10,212	12,513
Current assets
Stocks		225,000	955,991
Debtors		16,219	21,390
Cash at bank and in hand		327,744	2,259
		568,963	979,640
Creditors: Amounts falling due within one year		(353,573)	(847,556)
Net current assets		215,390	132,084
Total assets less current liabilities		225,602	144,597
Creditors: Amounts falling due after more than one year		(2,600)	(6,500)
Net assets		223,002	138,097
Capital and reserves
Called up share capital		100	100
Retained earnings		222,902	137,997
Shareholders' funds		223,002	138,097

For the financial 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 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Newman Homes Limited

(Registration number: 4289007)
Abridged Balance Sheet as at 30 September 2024

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... A J Newman Director

Newman Homes Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1	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 abridged 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 abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates 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, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet 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
Motor vehicles	25% reducing balance
Plant and machinery	25% reducing balance

Newman Homes Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Stocks

Stock and work-in-progress is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 3).

3	Tangible assets

	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2023	-	22,245	22,245
Additions	1,103	-	1,103
At 30 September 2024	1,103	22,245	23,348
Depreciation
At 1 October 2023	-	9,732	9,732
Charge for the year	276	3,128	3,404
At 30 September 2024	276	12,860	13,136
Carrying amount
At 30 September 2024	827	9,385	10,212
At 30 September 2023	-	12,513	12,513

4	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100