REGISTERED NUMBER: 08442972 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

NEWSTONE DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr Vijen B. Shah

REGISTERED OFFICE:

1 Doughty Street

London

WC1N 2PH

REGISTERED NUMBER:

08442972 (England and Wales)

FIXED ASSETS

Tangible assets

4

59

117

CURRENT ASSETS

Stocks

139,075

-

Debtors

5

864,965

1,049,283

Cash at bank

148,513

279,265

1,152,553

1,328,548

CREDITORS

Amounts falling due within one year

6

1,921,557

2,170,072

NET CURRENT LIABILITIES

(769,004

)

(841,524

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(768,945

)

(841,407

)

CAPITAL AND RESERVES

Called up share capital

8

101

101

Retained earnings

(769,046

)

(841,508

)

SHAREHOLDERS' FUNDS

(768,945

)

(841,407

)

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 director acknowledges his 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 director and authorised for issue on 16th December 2025 and were signed by:

Mr Vijen B. Shah - Director

1.	STATUTORY INFORMATION

Newstone Developments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08442972 and registered office address is 1 Doughty Street, London, WC1N 2PH.

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.

Significant judgements and estimates

The Company is engaged in provision of construction services. Periodically it invoices based on certified work completed. This is a combination of Director estimates, customer acceptance and verification by qualified surveyors. Work in progress is estimated on a similar basis and accrued for under recoverable contracts.

Turnover

Turnover represents net invoiced sales of services and properties developed for resale, excluding value added tax. The sale of Property is recognised when there is an unconditional contract for the sale. Amounts owed for continuing construction works are accrued based on valuations of the Director and surveyor certifying completed works.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Where this is property, stock includes financing costs and professional fees.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

291

DEPRECIATION

At 1st April 2024

174

Charge for year

58

At 31st March 2025

232

NET BOOK VALUE

At 31st March 2025

59

At 31st March 2024

117

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

736,279

926,082

Other debtors

128,686

123,201

864,965

1,049,283

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,236

22,439

Other loans

1,084,714

1,247,302

Trade creditors

267,409

40,025

Social security and other taxes

6,323

7,665

Other creditors

619

38,051

Directors' current accounts

593,573

843,247

Accrued expenses

(43,317

)

(28,657

)

1,921,557

2,170,072

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

12,236

22,439

Other loans

1,084,714

1,247,302

1,096,950

1,269,741

The loans are secured over the company's fixed asset investments.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

101

Ordinary shares

1

101

101

9.	RELATED PARTY DISCLOSURES

The Company has an outstanding loan with Mr. Vijen Bhimji Shah, a director of the Company, to the amount of £593,573 (2024:£843,247).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr Vijen B. Shah.