Newton Moor Industrial Estate Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10359610 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

NEWTON MOOR INDUSTRIAL ESTATE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S G Harkinson

J B Harkinson

REGISTERED OFFICE:

Percy Westhead & Company

Hanover House

30-32 Charlotte Street

Manchester

M1 4FD

REGISTERED NUMBER:

10359610 (England and Wales)

ACCOUNTANTS:

Percy Westhead & Company

Chartered Accountants

Hanover House

30-32 Charlotte Street

Manchester

M1 4FD

BANKERS:

National Westminster Bank plc.

Hyde Branch

Market Place

Hyde

Cheshire

SK14 2LY

FIXED ASSETS

Tangible assets

4

4,344,125

1,202,322

CURRENT ASSETS

Debtors

5

89,841

98,196

Cash at bank

113,929

105,238

203,770

203,434

CREDITORS

Amounts falling due within one year

6

128,132

109,120

NET CURRENT ASSETS

75,638

94,314

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,419,763

1,296,636

PROVISIONS FOR LIABILITIES

786,031

-

NET ASSETS

3,633,732

1,296,636

CAPITAL AND RESERVES

Called up share capital

150

Fair value reserve

7

2,355,000

-

Retained earnings

7

1,278,582

1,296,486

3,633,732

1,296,636

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 10th November 2025 and were signed on its behalf by:

S G Harkinson - Director

1.	STATUTORY INFORMATION

Newton Moor Industrial Estate 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes being rentals from investment properties.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment properties

Investment properties are included in the accounts at their fair value. Changes in fair value are recognised in profit and loss for the year.

Rental income from investment properties is included in the profit and loss account in the period in which it arises under the relevant tenant lease agreements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Investment

Plant and

Computer

properties

machinery

equipment

Totals

£

COST OR VALUATION

At 1st April 2024

1,200,000

7,845

1,083

1,208,928

Additions

-

5,500

-

5,500

Revaluations

3,140,000

-

3,140,000

At 31st March 2025

4,340,000

13,345

1,083

4,354,428

DEPRECIATION

At 1st April 2024

-

5,884

722

6,606

Charge for year

-

3,336

361

3,697

At 31st March 2025

-

9,220

1,083

10,303

NET BOOK VALUE

At 31st March 2025

4,340,000

4,125

-

4,344,125

At 31st March 2024

1,200,000

1,961

361

1,202,322

Investment properties consisting of two distinguishable assets, are considered by the directors to have a combined fair value of £4,340,000. £3,300,000 of the value is based on a valuation by an independent valuer holding a recognised and relevant professional qualification; and £1,040,000 of the value is based on relevant market indicators.

Cost or valuation at 31st March 2025 is represented by:

Investment

Plant and

Computer

properties

machinery

equipment

Totals

£

Valuation in 2025

4,340,000

-

4,340,000

Cost

-

13,345

1,083

14,428

4,340,000

13,345

1,083

4,354,428

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

89,588

78,051

Directors' loan accounts

198

20,090

Called up share capital not paid

55

89,841

98,196

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

9,091

6,199

Social security and other taxes

6,330

6,766

VAT

24,252

19,190

Other creditors

10,250

Accruals and deferred income

78,209

66,715

128,132

109,120

7.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1st April 2024

1,296,486

-

1,296,486

Profit for the year

2,367,096

Dividends

(30,000

)

(30,000

)

Transfer revaluation surplus

(2,355,000

)

2,355,000

-

At 31st March 2025

1,278,582

2,355,000

3,633,582

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

S G Harkinson

Balance outstanding at start of year

20,090

-

Amounts advanced

108

20,090

Amounts repaid

(20,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

198

20,090

2.25% interest was charged on the loan advance to S G Harkinson.