Company Registration No. 3516971 (England and Wales)
Newcourt Corporation Ltd
Unaudited accounts
for the year ended 28 February 2025
Newcourt Corporation Ltd
Unaudited accounts
Contents
Newcourt Corporation Ltd
Company Information
for the year ended 28 February 2025
Company Number
3516971 (England and Wales)
Registered Office
13 Rookwood Road
London
N16 6SP
Newcourt Corporation Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
9,321
5,383
Investment property
1,350,000
1,350,000
Cash at bank and in hand
8,272
60,218
Creditors: amounts falling due within one year
(410,859)
(396,172)
Net current assets
855,269
587,862
Total assets less current liabilities
2,264,790
1,993,445
Creditors: amounts falling due after more than one year
(1,021,026)
(789,638)
Provisions for liabilities
Deferred tax
(195,393)
(195,393)
Net assets
1,048,371
1,008,414
Called up share capital
2
2
Profit and loss account
1,048,369
1,008,412
Shareholders' funds
1,048,371
1,008,414
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2025 and were signed on its behalf by
Abraham Uhr
Director
Company Registration No. 3516971
Newcourt Corporation Ltd
Notes to the Accounts
for the year ended 28 February 2025
Newcourt Corporation Ltd is a private company, limited by shares, registered in England and Wales, registration number 3516971. The registered office is 13 Rookwood Road, London, N16 6SP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Newcourt Corporation Ltd
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Total
At 28 February 2025
24,737
At 28 February 2025
15,416
5
Transactions with related parties
Included within debtors are amounts aggregating to £1,104,742 (2024: £816,957) due from companies in common control.
Included within creditors are amounts aggregating to £18,500 (2024: £78,700) due to companies in common control.
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).