REGISTERED NUMBER: 03949223 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Newgate Lodge (EMI) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M S Lidder

Dr J S Lidder

REGISTERED OFFICE:

3 - 5 College Street

Nottingham

Nottinghamshire

NG1 5AQ

REGISTERED NUMBER:

03949223 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,720,540

1,599,821

CURRENT ASSETS

Stocks

7,500

7,500

Debtors

5

746,356

673,465

Cash at bank and in hand

1,264

15,057

755,120

696,022

CREDITORS

Amounts falling due within one year

6

1,432,686

1,431,359

NET CURRENT LIABILITIES

(677,566

)

(735,337

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,042,974

864,484

CREDITORS

Amounts falling due after more than one year

7

(1,667

)

(11,667

)

PROVISIONS FOR LIABILITIES

(61,598

)

(69,885

)

NET ASSETS

979,709

782,932

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

979,707

782,930

979,709

782,932

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 23 December 2025 and were signed on its behalf by:

M S Lidder - Director

1.	STATUTORY INFORMATION

Newgate Lodge (EMI) 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.

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.

Turnover

Turnover represents residents' fees receivable.

Tangible fixed assets

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

Freehold Property

2% Straight Line

Fixtures & Fittings

15% Reducing Balance

Motor Vehicles

25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 63 (2024 - 63 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

2,175,039

397,796

103,174

2,676,009

Additions

200,690

6,712

-

207,402

Disposals

-

(262,891

)

-

(262,891

)

At 31 March 2025

2,375,729

141,617

103,174

2,620,520

DEPRECIATION

At 1 April 2024

737,404

317,006

21,778

1,076,188

Charge for year

48,221

12,669

25,793

86,683

Eliminated on disposal

-

(262,891

)

-

(262,891

)

At 31 March 2025

785,625

66,784

47,571

899,980

NET BOOK VALUE

At 31 March 2025

1,590,104

74,833

55,603

1,720,540

At 31 March 2024

1,437,635

80,790

81,396

1,599,821

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

62,959

26,969

Other debtors

667,655

620,075

Prepayments and accrued income

15,742

26,421

746,356

673,465

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,889

10,000

Trade creditors

37,552

55,433

Taxation and social security

110,784

111,401

Other creditors

1,271,461

1,254,525

1,432,686

1,431,359

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,667

11,667

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

11,667

21,667

Barclays Bank Plc holds a legal charge dated 18 October 2002 and a debenture dated 14 June 2002 over the company's assets.

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from the company in an independently administered fund. At the balance sheet date, contributions of £Nil (2024: £1,189) were outstanding and are included within creditors.