Newhouse Investments Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Newhouse Investments Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC273934 . The registered office is Office 1, The Old Nursery, Motherwell Road, Newhouse, Lanarkshire, ML1 5ST.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A

Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence in the forseeable future. The validity of this assumption depends on the continued support of the company's bankers, finance providers and directors for the forthcoming year.

Current liabilities include loans due to the director and related parties, these are repayable on demand. Neither the director nor the related parties will demand repayment of the loan due where this would impair the ability of the company to trade.

The directors believe that it is appropriate for the going concern basis to be used.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	not provided
Plant & Machinery	10% on reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Financial Instruments

The company only has basic financial instruments.

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.

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Newhouse Investments Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 March 2024	1,100,000	300	1,100,300

As at 28 February 2025	1,100,000	300	1,100,300

Depreciation
As at 1 March 2024	-	263	263
Provided during the period	-	4	4

As at 28 February 2025	-	267	267

Net Book Value
As at 28 February 2025	1,100,000	33	1,100,033

As at 1 March 2024	1,100,000	37	1,100,037

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Newhouse Investments Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

Cost or valuation as at 28 February 2025 represented by:

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
At cost	-	300	300
At valuation	1,100,000	-	1,100,000

	1,100,000	300	1,100,300

If freehold land and buildings had not been revalued they would have been included at the following historical costs:

2025 - Cost: £1,336,576, Aggregate Depreciation: £433,678

Freehold land and buildings were subsequently values on an open market basis by the director, P Gillooly, at £1,100,000 on 28 February 2025.

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	10,011	11,011
Other debtors	1,000	1,000

	11,011	12,011

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	5,930	6,569
Bank loans and overdrafts	77,487	77,487
Corporation tax	9,906	10,477
Other creditors	7,500	7,500
Other loans	507,067	471,147
Accruals and deferred income	700	-
Directors' loan accounts	3,153	3,153

	611,743	576,333

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loan 1-2 years	71,439	77,487
Bank loans 2-5 years	202,460	206,574
Bank loans > 5 years	69,162	123,741

	343,061	407,802

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	69,162		123,741

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Newhouse Investments Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

8. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured.

TSB Bank plc hold a bond and floating charge and standard security over all the assets of the company including land and buildings located at Motherwell Road, Newhouse.

	2025		2024
	£		£
Bank loans and overdrafts	420,547		485,288

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	90	90

10. Related Party Transactions

K&T Plant Hire Ltd, KMP (Scotland) Ltd, KMM (Scotland) Ltd and Inland Engineering Services Ltd were related parties during the year by virtue of being under common control.

During the year the company borrowed £34,600 from K&T Plant Hire Ltd, the balance due to the related party at the year-end was £352,717 (2024: £318,117).

During the year the company borrowed £320 from KMP (Scotland) Ltd, the balance due to the related party at the year-end was £39,395 (2024: £39,075).

During the year the company borrowed £1,000 from Inland Engineering Services Ltd, the balance due to the related party at the year-end was £111,518 (2024: £110,518).

During the year the company borrowed NIL from KMM (Scotland) Ltd, the balance due to the related party at the year-end was £3,437 (2024: £3,437).

All loan to related parties are non-interest bearing and repayable on demand.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,100,033		1,100,037

			1,100,033		1,100,037
CURRENT ASSETS
Debtors	5	11,011		12,011
Cash at bank and in hand		7,801		5,824

		18,812		17,835
Creditors: Amounts Falling Due Within One Year	6	(611,743 )		(576,333 )

NET CURRENT ASSETS (LIABILITIES)			(592,931 )		(558,498 )

TOTAL ASSETS LESS CURRENT LIABILITIES			507,102		541,539

Creditors: Amounts Falling Due After More Than One Year	7		(343,061 )		(407,802 )

NET ASSETS			164,041		133,737

CAPITAL AND RESERVES
Called up share capital	9		90		90
Share premium account			169,980		169,980
Capital redemption reserve			10		10
Profit and Loss Account			(6,039 )		(36,343 )

SHAREHOLDERS' FUNDS			164,041		133,737