Property Partners Newcastle Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13278959

PROPERTY PARTNERS NEWCASTLE LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDING

28 March 2025

PROPERTY PARTNERS NEWCASTLE LTD

STATEMENT OF FINANCIAL POSITION

28 March 2025

	2025		2024
Note	£	£	£	£

CURRENT ASSETS

Stocks		63,262	1,509,222
Debtors	4	286,783	443,733
Cash at bank and in hand		787	2,744
		---------	------------
		350,832	1,955,699

CREDITORS: amounts falling due within one year	5	( 171,390)		( 170,821)
		---------		------------
NET CURRENT ASSETS			179,442		1,784,878
			---------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			179,442		1,784,878

CREDITORS: amounts falling due after more than one year	6	( 201,791)	( 1,842,747)
		---------	------------
NET LIABILITIES		( 22,349)	( 57,869)
		---------	------------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	( 22,449)	( 57,969)
	--------	--------
SHAREHOLDERS DEFICIT	( 22,349)	( 57,869)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 28 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

PROPERTY PARTNERS NEWCASTLE LTD

STATEMENT OF FINANCIAL POSITION (continued)

28 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

J Moore
Director

Company registration number: 13278959

PROPERTY PARTNERS NEWCASTLE LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD ENDED 28 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 - 22 Bridge End, Leeds, LS1 4DJ.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.

Income tax

Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

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 and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. DEBTORS

	2025	2024
	£	£
Other debtors	286,783	443,733
	---------	---------

5. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	114	115
Other creditors	171,276	170,706
	---------	---------
	171,390	170,821
	---------	---------

6. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	201,791	1,842,747
	---------	------------