Company registration number 05102315 (England and Wales)
NEWLANDS QUAY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
NEWLANDS QUAY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
NEWLANDS QUAY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
67,000
64,400
Current assets
Debtors
4
58,208
78,489
Cash at bank and in hand
159,056
139,476
217,264
217,965
Creditors: amounts falling due within one year
5
(59,285)
(60,938)
Net current assets
157,979
157,027
Total assets less current liabilities
224,979
221,427
Provisions for liabilities
(15,074)
(14,382)
Net assets
209,905
207,045
Reserves
Non-distributable profits reserve
7
23,187
18,666
Income and expenditure account
186,718
188,379
Total members' funds
209,905
207,045

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 April 2026 and are signed on its behalf by:
S Collings
Director
Company registration number 05102315 (England and Wales)
NEWLANDS QUAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Newlands Quay Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Quadrant House, Floor 6, 4 Thomas More Square, London, E1W 1YW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Turnover represents ground rent receivable during the year.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, and other loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.

NEWLANDS QUAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7

Status

Service charge monies held on trust in accordance with Section 42 Landlord and Tenant Act 1987. In addition, service charge money is held in trust in an interest bearing account held with Royal Bank of Scotland in the name of Newlands Quay Limited. Newlands Quay Limited is acting as agent for the lessees of the property at 1-62 Newlands Quay London E1W 3QZ .

Income and expenditure arising for the maintenance of the common parts of the property held in accordance with the governing lease are shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. The accounts can be obtained from Newlands Quay Limited.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Investment property
2025
£
Fair value
At 1 April 2024
64,400
Disposals
(2,613)
Revaluations
5,213
At 31 March 2025
67,000

The freehold investment property was valued by Lamberts Chartered Surveyors to 31 March 2025 based on the market value of the freehold interest relating to the non-participating members yet to extend their leases.

The historical cost of the asset as at 31 March 2025 was £28,738 (2024: £31,351).

NEWLANDS QUAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
58,208
78,489
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
14,479
14,353
Other creditors
44,806
46,585
59,285
60,938
6
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

7
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
18,666
18,666
Non distributable profits in the year
4,521
-
At the end of the year
23,187
18,666
8
Directors' transactions

As at the year end included in other debtors was a balance of £4,950 relating to loans owed by the directors to the company resulting from the adjustments made in the 2018 accounts. The adjustments have resulted in repayments of loans where none previously existed. There are no terms for repayment or interest agreed on the loans.

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