Newett Homes (Northowram) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14867584 (England and Wales)

Financial Statements for the Year Ended 30 June 2025

for

Newett Homes (Northowram) Ltd

previously known as

Newett Homes (2) Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

W T Newett

D I Newett

REGISTERED OFFICE:

Thorp Arch Grange

Walton Road

Wetherby

West Yorkshire

LS23 7BA

REGISTERED NUMBER:

14867584 (England and Wales)

AUDITORS:

Ford Campbell Freedman Limited

Chartered accountant & statutory auditor

2nd Floor

33 Park Place

Leeds

LS1 2RY

CURRENT ASSETS

Stocks

4,374,830

-

Debtors

5

-

100

4,374,830

100

CREDITORS

Amounts falling due within one year

6

4,374,730

-

NET CURRENT ASSETS

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

100

CAPITAL AND RESERVES

Called up share capital

100

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by:

W T Newett - Director

1.	STATUTORY INFORMATION

Newett Homes (Northowram) Ltd previously known as Newett Homes (2) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on the going concern basis. The company continues to rely on the support of its directors, funders and related parties. They have all maintained such support since the year end and the directors expect this to continue.

Accordingly the directors believe that it is appropriate to prepare the accounts on a going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Valuation of work in progress

Work in progress relates to costs incurred to date of acquiring and developing real estate assets. The carrying value of work in progress is assessed based on calculations of the relevant cost of sales linked to each development where the cost of sales is based on detailed forecasts of expected remaining revenues and costs to complete the project. Judgements around expected income are based on sales experience and market conditions as at the measurement date. Judgements around costs to complete are based on the status of completion as well as a detailed understanding of the specific requirements for each development.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Stock represents land and property development, cost includes the cost of land and directly associated legal and professional fees, the direct cost of labour, materials and site overheads.This also includes interest charged on loans which are directly attributable to the housing development - £212,612

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - NIL ) .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

-

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

2,996,772

-

Amounts owed to group undertakings

1,377,958

-

4,374,730

-

7.	SECURED DEBTS

Bank loans of £2,996,772 are secured by a fixed and floating charge over the assets of the company.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lisa Calvert BA (HONS) FCA (Senior Statutory Auditor)

for and on behalf of Ford Campbell Freedman Limited

9.	RELATED PARTY DISCLOSURES

The group has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no one controlling party.

The company's immediate parent is Newett Homes Limited and its ultimate parent is Newett Homes Holdings Limited, both companies are incorporated in England & Wales.