REGISTERED NUMBER: 11494970 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NEWBARNES LIMITED

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mrs J Patel

REGISTERED OFFICE:

505 Pinner Road

Harrow

Middlesex

HA2 6EH

REGISTERED NUMBER:

11494970 (England and Wales)

ACCOUNTANTS:

STG Accountants Limited

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Newbarnes Limited for the year ended 31 March 2025 which comprise the Profit and Loss Accounts, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Newbarnes Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Newbarnes Limited and state those matters that we have agreed to state to the director of Newbarnes Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Newbarnes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Newbarnes Limited. You consider that Newbarnes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Newbarnes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

STG Accountants Limited

505 Pinner Road

Harrow

Middlesex

HA2 6EH

29 December 2025

FIXED ASSETS

Tangible assets

4

2,093

2,791

Investment property

5

4,720,000

3,999,224

4,722,093

4,002,015

CURRENT ASSETS

Debtors

6

33,300

74,673

Cash at bank

17,442

8,689

50,742

83,362

CREDITORS

Amounts falling due within one year

7

1,668,309

1,660,399

NET CURRENT LIABILITIES

(1,617,567

)

(1,577,037

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,104,526

2,424,978

CREDITORS

Amounts falling due after more than one year

8

(2,637,972

)

(2,015,174

)

PROVISIONS FOR LIABILITIES

10

(135,093

)

(100,471

)

NET ASSETS

331,461

309,333

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

11

331,460

309,332

331,461

309,333

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 director acknowledges her 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 Profit and Loss Accounts has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

Mrs J Patel - Director

1.	STATUTORY INFORMATION

Newbarnes 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 as modified by the revaluation of certain assets.

Turnover

Turnover comprises rental income arising from the letting of investment properties. Rental income is recognised on a straight-line basis over the period of the lease, unless another systematic basis is more representative of the time pattern of the lessee’s benefit.

Service charge income and recharges to tenants are recognised in turnover when the related expenditure is incurred and recoverable under the terms of the lease.

All turnover is stated net of VAT where applicable.

Tangible fixed assets

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

Investment property

Investment properties are recognised at cost on initial recognition, including any directly attributable acquisition costs.

Subsequent to initial recognition, investment properties are measured at fair value at each reporting date, with any changes in fair value recognised in the profit and loss account in the period in which they arise.

Where obtaining a reliable fair value is not possible without undue cost or effort, the property is measured at cost less accumulated depreciation and impairment, and this fact is disclosed in the notes to the financial statements.

Rental income from investment properties is recognised on a straight-line basis over the lease term.

The company does not depreciate investment properties that are carried at fair value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Accounts, 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.

Interest receivable and interest payable

Interest receivable and interest payable are recognised in profit or loss as they accrue, using the effective interest method.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.

In assessing the appropriateness of the going concern basis, the directors have considered the company’s current financial position, cash flow forecasts, and its ability to meet liabilities as they fall due. The directors have also taken into account the continued financial support provided by the directors and related parties, including the availability of funds on demand where required.

The directors have confirmed their intention and ability to continue providing financial support to the company. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

4,700

DEPRECIATION

At 1 April 2024

1,909

Charge for year

698

At 31 March 2025

2,607

NET BOOK VALUE

At 31 March 2025

2,093

At 31 March 2024

2,791

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

3,999,224

Additions

538,555

Revaluations

182,221

At 31 March 2025

4,720,000

NET BOOK VALUE

At 31 March 2025

4,720,000

At 31 March 2024

3,999,224

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

528,794

Valuation in 2025

182,221

Cost

4,008,985

4,720,000

The investment property has been valued by the director at the year end, based on their professional knowledge of the local property market, comparable evidence, and prevailing economic conditions. The director considers that the carrying value is a reasonable approximation of fair value and is not materially different from the amount disclosed in these financial statements.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,636

20,036

Other debtors

14,664

54,407

Prepayments

-

230

33,300

74,673

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to connected companies

1,481,728

1,496,507

Directors' current accounts

181,459

159,632

Accrued expenses

5,122

4,260

1,668,309

1,660,399

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yrs non-inst

2,637,972

2,015,174

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

2,637,972

2,015,174

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

2,637,972

2,015,174

The loan is secured by a way of legal charge over the assets of Newbarnes Limited. The rate of interest on the loans range form 3.1% to 3.7%. The loans are repayable in full on between April 2027 and April 2042

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

135,093

100,471

Deferred

tax

£

Balance at 1 April 2024

100,471

Provided during year

34,622

Balance at 31 March 2025

135,093

11.

RESERVES

Retained

earnings

£

At 1 April 2024

309,332

Profit for the year

22,128

At 31 March 2025

331,460

Retained earnings includes undistributable profit and loss reserve of £575,922 (2024: £428,323) relating to

revaluation of investment properties.

12.	RELATED PARTY DISCLOSURES

At the year end, amounts owed to related parties totalled £1,481,729 (2024: £1,496,507), comprising £1,270,371 (2024: £1,343,754) due to 1st Care Limited, £157,450 (2024: £98,845) due to New Green Solutions Limited, £25,000 (2024: £25,000) due to Regency Investment Ltd, and £28,908 (2024: £28,908) due to Japestar Limited.

All balances are repayable on demand.