Newhall_Property_Services_Limited_31_Mar_2025_companies_house_set_of

Company registration number:

05692412

Newhall Property Services Limited

Unaudited Filleted Financial Statements for the year ended

31 March 2025

Newhall Property Services Limited

Report of the Accountant to the directors of Newhall Property Services Limited

Year ended

31 March 2025

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended

31 March 2025

.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

Sherlock Hynes Limited

Accountants & Business Advisors

11 Cedar Drive

Tamworth

Staffordshire

B79 8QL

United Kingdom

Newhall Property Services Limited

Statement of Financial Position

31 March 2025

		2025		2024
				as restated
	Note	£		£
Fixed assets
Tangible assets	5	1,755,567		602,105
Current assets
Debtors	6	59,119		246,337
Cash at bank and in hand		262,651		10,867
		321,770		257,204
Creditors: amounts falling due within one year	7	(164,730	)	(300,191	)
Net current assets/(liabilities)		157,040		(42,987	)
Total assets less current liabilities		1,912,607		559,118
Creditors: amounts falling due after more than one year	8	(1,769,467	)	(455,543	)
Net assets		143,140		103,575
Capital and reserves
Called up share capital		2		2
Revaluation reserve		104,900		105,000
Profit and loss account		38,238		(1,427	)
Shareholders funds		143,140		103,575

For the year ending

31 March 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

11 December 2025

, and are signed on behalf of the board by:



A Chrobok	J Gent
Director	Director

Company registration number:

05692412

Newhall Property Services Limited

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland, under the historical cost convention, except that land and buildings are stated at valuation. The financial statements are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible fixed assets comprise land and buildings. Land and buildings are stated at valuation less any impairment losses. Valuations are reviewed regularly to ensure that the carrying amount does not differ materially from fair value at the balance sheet date. Land is not depreciated. Buildings are not depreciated as the directors consider that the residual value is equal to or exceeds the carrying amount, and therefore depreciation is not considered necessary. Revaluation increases are recognised in other comprehensive income and accumulated in the revaluation reserve, except to the extent that they reverse a revaluation decrease previously recognised in profit or loss. Revaluation decreases are recognised in other comprehensive income to the extent of any existing balance on the revaluation reserve relating to the asset, with any excess recognised in profit or loss.

Impairment

At each reporting date the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication of impairment. Where such indicators exist, the recoverable amount is estimated and an impairment loss is recognised where the carrying amount exceeds the recoverable amount. Impairment losses are recognised in profit or loss and are reversed if the reasons for the impairment no longer apply.

Financial instruments

The company has elected to apply the provisions of Section 11 of FRS 102 in accounting for basic financial instruments. Basic financial instruments are initially recognised at the transaction price. Amounts receivable and payable are subsequently measured at amortised cost, less any impairment.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2024: nil).

5 Tangible assets

	Land and buildings
	£
Cost or valuation
At 1 April 2024 as restated	602,105
Additions	1,153,562
Revaluations	(100	)
At 31 March 2025	1,755,567
Depreciation
At 1 April 2024 and 31 March 2025	-
Carrying amount
At 31 March 2025	1,755,567
At 31 March 2024	602,105

6 Debtors

	2025	2024
		as restated
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	-	185,725
Other debtors	59,119	60,612
	59,119	246,337

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	61,930	839
Amounts owed to group undertakings and undertakings in which the company has a participating interest	45,210	-
Taxation and social security	40,162	45,662
Other creditors	17,428	253,690
	164,730	300,191

8 Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,251,379	455,543
Other creditors	518,088	-
	1,769,467	455,543

9 Directors' advances, credit and guarantees

At the balance sheet date, £518,088 (2024: £nil) was owed to the directors by the company. These amounts relate to loans advanced by the directors. The loans are unsecured, interest free and have no fixed date of repayment. The maximum amount outstanding at any time during the year was £518,088 (2024: £nil). No guarantees have been given to or on behalf of the company by any of the directors, and the company has not given any guarantees on behalf of any director.

10 Related party transactions

During the year the company entered into the following transactions with related parties:

	2025	2024
	£	£
Subsidary undertakings	45,210	185,725
entity under common control with a director/shareholder	59,119	60,612

Subsidiary undertakings :

The company has a related party relationship with its subsidiary undertakings within the group. The company has taken advantage of the exemption in paragraph 33.1A of FRS 102 from disclosing the details of transactions entered into with wholly-owned subsidiary undertakings. Accordingly, only the year-end balances with such undertakings are disclosed. At the balance sheet date, amounts owed to subsidiary undertakings totalled £45,210 (2024: the company was owed £185,725 by subsidiary undertakings). These balances are unsecured, interest free and repayable on demand. No guarantees have been given or received in respect of these balances.

Entity under common control with a director/shareholder:

The company has a related party relationship with an entity under common control with a director/shareholder. During the year, transactions with this related party comprised funding arrangements and payments made in connection with the company’s property-related activities. At the balance sheet date, amounts owed to the related party totalled £59,119 (2024: £60,612). These balances are unsecured, interest free and repayable on demand. No guarantees have been given or received in respect of these arrangements.