Registration number: 07914756

Newmile Properties Limited

Contents

Accountants' Report	1
Abridged Balance Sheet	2
Notes to the Unaudited Abridged Financial Statements	3 to 6

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Newmile Properties Limited
for the Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Newmile Properties Limited for the year ended 31 March 2026 as set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Newmile Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Newmile Properties Limited and state those matters that we have agreed to state to the Board of Directors of Newmile Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Newmile Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Newmile Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Newmile Properties Limited. You consider that Newmile Properties 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 accounts of Newmile Properties 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 accounts.

......................................

Jay & Jay Partnership Limited
Chartered Certified Accountants
2 Chesterfield Buildings
Westbourne Place
Clifton
Bristol
BS8 1RU

25 August 2026

Newmile Properties Limited

(Registration number: 07914756)
Abridged Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	995,500	995,500
Current assets
Debtors		721	719
Cash at bank and in hand		7,488	11,041
		8,209	11,760
Creditors: Amounts falling due within one year	5.1	265,784	279,519
Net current assets		257,575	267,759
Total assets less current liabilities		737,925	727,741
Creditors: Amounts falling due after more than one year	5.2	238,783	248,176
Provisions for liabilities		65,056	65,056
Net assets		434,086	414,509
Capital and reserves
Called up share capital		100	100
Retained earnings		433,986	414,409
Shareholders' funds		434,086	414,509

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 August 2026
 

......................................... Mrs J A Hamilton Director

Newmile Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Alexandra Road
Clifton
Bristol
BS8 2DD

These financial statements were authorised for issue by the director on 24 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents rental income derived from letting the company's investment property

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Newmile Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in the statement of comprehensive income.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Depreciation is not charged on the property as required by the Companies Act and FRS 102.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

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.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

Newmile Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2025	995,500	995,500
At 31 March 2026	995,500	995,500
Depreciation
Carrying amount
At 31 March 2026	995,500	995,500
At 31 March 2025	995,500	995,500

Included within the net book value of land and buildings above is £995,500 (2025 - £995,500) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's land and buildings was revalued on 31 March 2026. An independent valuer was not involved. .
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £735,275 (2025 - £735,275).

5

Creditors

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts which are secured of £7,851(2025 - £6,000).

Creditors: amounts falling due after more than one year

Creditors include bank loans which are secured of £238,783 (2025 - £248,176).

6	Related party transactions

Transactions with the director

During the year the director entered into the following advances and credits with the company

2026	At 1 April 2025 £	Advances to director £	Repayments by director £	At 31 March 2026 £
Mrs J A Hamilton
	(80,358)	20,000	(312)	(60,670)

Newmile Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Mrs J A Hamilton
	(100,286)	20,240	(312)	(80,358)

All loans are interest free and repayable on demand