Newstar Associates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03886670

Newstar Associates Limited

Unaudited financial statements

For the year ended

31 January 2026

Newstar Associates Limited

Statement of financial position

31 January 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5	1,755,619	1,755,722
Investments	6	50,100	50,100
		-----------	-----------
		1,805,719	1,805,822

Current assets

Debtors	7	1,249,952	1,143,280
Cash at bank and in hand		2,106,755	1,557,198
		-----------	-----------
		3,356,707	2,700,478

Creditors: amounts falling due within one year	8	( 344,446)		( 63,052)
		-----------		-----------
Net current assets			3,012,261		2,637,426
			-----------		-----------
Total assets less current liabilities			4,817,980		4,443,248

Provisions

Taxation including deferred tax	( 2,820)	( 2,846)
	-----------	-----------
Net assets	4,815,160	4,440,402
	-----------	-----------

Capital and reserves

Called up share capital	50,000	50,000
Revaluation reserve	667,335	667,335
Profit and loss account	4,097,825	3,723,067
	-----------	-----------
Shareholder funds	4,815,160	4,440,402
	-----------	-----------

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 income statement has not been delivered.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has 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 Act with respect to accounting records and the preparation of financial statements .

Newstar Associates Limited

Statement of financial position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 10 July 2026 , and are signed on behalf of the board by:

Mr P L E Baxter

Director

Company registration number: 03886670

Newstar Associates Limited

Notes to the financial statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Sixty Six, North Quay, Great Yarmouth, Norfolk, United Kingdom, NR30 1HE. The trading address of the company is The Auto Park, Eastgate Street, Bury St. Edmunds, Suffolk, IP33 1YQ.

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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

The turnover shown in the profit and loss account represents rental income.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures & fittings	-	10%

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of employees during the year was 2 (2025: 2 ).

5. Tangible assets

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 February 2025	1,755,000	5,059	1,760,059
Additions	–	266	266
	-----------	------	-----------
At 31 January 2026	1,755,000	5,325	1,760,325
	-----------	------	-----------
Depreciation
At 1 February 2025	–	4,337	4,337
Charge for the year	–	369	369
	-----------	------	-----------
At 31 January 2026	–	4,706	4,706
	-----------	------	-----------
Carrying amount
At 31 January 2026	1,755,000	619	1,755,619
	-----------	------	-----------
At 31 January 2025	1,755,000	722	1,755,722
	-----------	------	-----------

The land and buildings consist of freehold investment properties. Investment properties were revalued by the directors at 31 January 2023. The directors do not consider there to be any change in the valuation at 31 January 2026 .

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold property
	£
At 31 January 2026
Aggregate cost	1,085,000
Aggregate depreciation	–
	-----------
Carrying value	1,085,000
	-----------

At 31 January 2025
Aggregate cost	1,085,000
Aggregate depreciation	–
	-----------
Carrying value	1,085,000
	-----------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 February 2025	280,200
Disposals	( 230,100)
	---------
At 31 January 2026	50,100
	---------
Impairment
At 1 February 2025	230,100
Reversal of impairment losses	( 230,100)
	---------
At 31 January 2026	–
	---------

Carrying amount
At 31 January 2026	50,100
	---------
At 31 January 2025	50,100
	---------

The company owns 100% of the issued share capital of the companies listed below.

		2026		2025

		£		£

Aggregate capital and reserves

Bury Bowl Limited		503,119		384,233

Profit and (loss) for the year

Bury Bowl Limited		364,750		367,145

Under the provision of section 402 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

7. Debtors

	2026	2025
	£	£
Trade debtors	300	–
Amounts owed by group undertakings and undertakings in which the company has a participating interest	4,473	3,929
Other debtors	1,245,179	1,139,351
	-----------	-----------
	1,249,952	1,143,280
	-----------	-----------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	–	624
Amounts owed to group undertakings and undertakings in which the company has a participating interest	245,182	( 24,874)
Social security and other taxes	62,539	47,525
Other creditors	36,725	39,777
	---------	-------
	344,446	63,052
	---------	-------

9. Directors' advances, credits and guarantees

During the year the company operated a loan account with it's directors, at the year end one of the directors owed the company £3,618 (2025: £4,361). At the year end one of the directors owed the company £7,000 (2025: £nil). No interest has been charged in respect of the loan during the year.