Company registration number 02115242 (England and Wales)
NEWMAN WARD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
NEWMAN WARD LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
NEWMAN WARD LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,222
6,371
Investment property
4
2,951,200
2,884,100
2,956,422
2,890,471
Current assets
Debtors
5
80,917
64,194
Investments
6
43,389
48,256
Cash at bank and in hand
286,369
218,372
410,675
330,822
Creditors: amounts falling due within one year
7
(131,238)
(93,538)
Net current assets
279,437
237,284
Total assets less current liabilities
3,235,859
3,127,755
Provisions for liabilities
(28,679)
(30,266)
Net assets
3,207,180
3,097,489
Capital and reserves
Called up share capital
68,174
68,174
Revaluation reserve
1,137,490
1,074,040
Profit and loss reserves
2,001,516
1,955,275
Total equity
3,207,180
3,097,489
NEWMAN WARD LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 September 2025 and are signed on its behalf by:
Mrs A H Caple
Director
Company registration number 02115242 (England and Wales)
NEWMAN WARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Newman Ward Limited is a private company limited by shares incorporated in England and Wales. The registered office is Delwick, Ray's Hill, Braziers End, Chesham, Buckinghamshire, England, HP5 2UJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

T urnover is recognised at the fair value of the consideration received or receivable for rental of the company's investment properties.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
Straight Line over 3 years
Fixtures and fittings
20% on Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
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.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

NEWMAN WARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
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.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2024
12,142
31,586
43,728
Additions
-
0
141
141
At 31 March 2025
12,142
31,727
43,869
Depreciation and impairment
At 1 April 2024
12,142
25,215
37,357
Depreciation charged in the year
-
0
1,290
1,290
At 31 March 2025
12,142
26,505
38,647
Carrying amount
At 31 March 2025
-
0
5,222
5,222
At 31 March 2024
-
0
6,371
6,371
NEWMAN WARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Investment property
2025
£
Fair value
At 1 April 2024
2,884,100
Revaluations
67,100
At 31 March 2025
2,951,200

The investment properties are valued annually on an open market basis by A Caple, a director of the company.

Investment propert ies are shown at their most recent valuation. Any aggregate surplus o r deficit arising from changes in fair value is recognised in profit or loss.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
36,589
46,755
Other debtors
44,328
17,439
80,917
64,194
6
Current asset investments
2025
2024
£
£
Other investments
43,389
48,256

The original cost of the other investments included in current asset investments above is £11,781 (2022 £11,781).

7
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
12,131
-
0
Other taxation and social security
26,738
8,831
Other creditors
92,369
84,707
131,238
93,538
NEWMAN WARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
8
Directors' transactions
Loans
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Directors Loan Account
-
-
5,798
5,798
-
5,798
5,798
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