REGISTERED NUMBER: 00285752 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NEWTON (PORTHCAWL) ESTATE COMPANY

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K D Jones

G L Williams

REGISTERED OFFICE:

Court House

Court Road

Bridgend

CF31 1BE

REGISTERED NUMBER:

00285752 (England and Wales)

ACCOUNTANTS:

Xeinadin South Wales and West Limited

Court House

Court Road

Bridgend

CF31 1BE

FIXED ASSETS

Investment property

4

595,000

595,000

CURRENT ASSETS

Debtors

5

158,553

153,038

Cash at bank

1,524

1,474

160,077

154,512

CREDITORS

Amounts falling due within one year

6

269,991

257,162

NET CURRENT LIABILITIES

(109,914

)

(102,650

)

TOTAL ASSETS LESS CURRENT LIABILITIES

485,086

492,350

PROVISIONS FOR LIABILITIES

109,609

106,340

NET ASSETS

375,477

386,010

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Fair value reserve

7

422,665

422,665

Retained earnings

(67,188

)

(56,655

)

SHAREHOLDERS' FUNDS

375,477

386,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

G L Williams - Director

1.	STATUTORY INFORMATION

Newton (Porthcawl) Estate Company 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 Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis which is deemed appropriate due to the continued and ongoing financial support of its parent company.

Turnover

Turnover represents rents receivable for the year and is recognised as the right to consideration is earned.

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 (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

595,000

NET BOOK VALUE

At 31 March 2025

595,000

At 31 March 2024

595,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2001

691

Valuation in 2012

5,000

Valuation in 2017

245,000

Valuation in 2021

305,000

Cost

39,309

595,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

39,309

39,309

The directors were in the process of obtaining an independent property valuation in respect of the company's investment properties but due to an ongoing issue which may impact on the valuation, this has not been completed. As an independent property valuation was not available at the date of approval of these accounts, the Board of directors, after careful consideration, has arrived at its own valuation which has been incorporated into these financial statements which is deemed not to be materially different that to when last revalued in 2021.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

158,457

152,942

Other debtors

96

96

158,553

153,038

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

263,153

244,274

Other creditors

6,838

12,888

269,991

257,162

7.

RESERVES

Fair value

reserve

£

At 1 April 2024

and 31 March 2025

422,665

8.	RELATED PARTY DISCLOSURES

Amounts owed to group undertakings are interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Psidium Limited.

The ultimate controlling party is P & A Holdings Limited, a company registered in the Channel Islands.