| New Look Properties Limited |
| Registered number: |
10910921 |
| Balance Sheet |
| as at 31 August 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
2,337 |
|
|
2,515 |
| Investments |
4 |
|
|
925,000 |
|
|
900,000 |
|
|
|
|
927,337 |
|
|
902,515 |
|
| Current assets |
| Debtors |
5 |
|
34,504 |
|
|
7,727 |
| Cash at bank and in hand |
|
|
1,220 |
|
|
1,460 |
|
|
|
35,724 |
|
|
9,187 |
|
| Creditors: amounts falling due within one year |
6 |
|
(119,526) |
|
|
(124,761) |
|
| Net current liabilities |
|
|
|
(83,802) |
|
|
(115,574) |
|
| Total assets less current liabilities |
|
|
|
843,535 |
|
|
786,941 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(727,228) |
|
|
(668,429) |
|
| Provisions for liabilities |
|
|
|
(59,079) |
|
|
(52,829) |
|
| Net assets |
|
|
|
57,228 |
|
|
65,683 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
5 |
|
|
5 |
| Profit and loss account |
|
|
|
57,223 |
|
|
65,678 |
|
| Shareholder's funds |
|
|
|
57,228 |
|
|
65,683 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Sunder Kripalani |
| Director |
| Approved by the board on 21 May 2026 |
|
| New Look Properties Limited |
| Notes to the Accounts |
| for the year ended 31 August 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Rental Income |
|
Rental Income is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Rental Income includes revenue earned from rendering of accommodation services.
Rental Income from the rendering of accommodation services is recognised on accruals basis. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 4 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Going Concern |
|
At 31 August 2025 the company had net current liabilities of £83,802 [2024 - £115,574]. The directors of the company is confident that all payments and liabilities will be met as and when they arise. The director is of the opinion that the financial statements should be drawn up on a going concern basis. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 September 2024 |
13,009 |
|
Additions |
- |
|
At 31 August 2025 |
13,009 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2024 |
10,494 |
|
Charge for the year |
178 |
|
At 31 August 2025 |
10,672 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2025 |
2,337 |
|
At 31 August 2024 |
2,515 |
|
| 4 |
Investments |
| Other |
| investments |
| £ |
|
Cost |
|
At 1 September 2024 |
900,000 |
|
Revaluation |
25,000 |
|
|
At 31 August 2025 |
925,000 |
|
|
|
|
|
|
|
|
|
|
The directors confirmed the following investment properties have been revalued by an Independent Professional Valuer at the year end.
137 Gladys Avenue, Portsmouth, PO2 9BD - £515,000 [2024 - £510,000]
165 Chichester Road, Portsmouth, PO2 0AJ - £410,000 [2024 - £390,000] |
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
355 |
|
7,106 |
|
Other debtors |
34,149 |
|
621 |
|
|
|
|
|
|
34,504 |
|
7,727 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
5,181 |
|
5,181 |
|
Other creditors |
114,345 |
|
119,580 |
|
|
|
|
|
|
119,526 |
|
124,761 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
727,228 |
|
668,429 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
394,072 |
|
365,233 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
707,799 |
|
643,820 |
|
|
|
|
|
|
|
|
|
|
Shawbrook Bank Limited has a legal charge over the following Investment Properties containing a fixed and a negative pledge and with a personal guarantee provided by the director - Mr Sunder Kripalani.
165 Chichester Road, Portsmouth, Hants, PO2 0AJ.
137 Gladys Avenue, Portsmouth, PO2 9BD. |
|
| 9 |
Transactions with directors |
|
|
At the year end the company owed the director - Mr Sunder Kripalani - £97,995 [2024 - £93,995]. |
|
| 10 |
Related party transactions |
|
|
During the year the company owed £11,850 to 5 of its associated companies and was owed £20,500 from 5 of its associated companies. The breakdown is not provided due to the amounts being insignificant. |
|
|
| 11 |
Controlling party |
|
|
The company is controlled by Mr Sunder Kripalani by virtue of his 100% shareholding in the issued share capital of the company. |
|
|
| 12 |
Other information |
|
|
New Look Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Suite-11, Boundary House |
|
Boston Road |
|
London |
|
W7 2QE |