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For the year ended 31 December 2025
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Registered number: 11120067
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Newport Trustee Limited - Registered number:11120067
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Statement of financial position
As at 31 December 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
Page 1
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Newport Trustee Limited - Registered number:11120067
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Statement of financial position (continued)
As at 31 December 2025
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue and were signed by:
................................................
M D Warner
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the financial statements
For the year ended 31 December 2025
The company is a private company limited by shares and incorporated in England and Wales. Its
registered office is 130 Wood Street, London, EC2V 6DL and the company registration number is
11120067. The principal place of business is 27-32 Commercial Street and 1&2 Austin Friars, Newport,
Gwent.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise
specified within these accounting policies and in accordance with Financial Reporting Standard 102
section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS
102') and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.
The following principal accounting policies have been applied:
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the shareholders, that it will continue to give financial support to the company for a period of at least twelve months from the date of signing these financial statements and defer repayment of its loan in favour of other creditors.
On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The financial statements do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.
All turnover is derived from contracts with customers (tenants) and is recognised on a straight line basis over the duration of the lease or contract.
Turnover is measured at the fair value of consideration received from the sale of services from the Company's ordinary business activities. Turnover comprises gross income net of VAT including rents receivable and service charges and is recognised when the amount of turnover can be reliably measured, and it is probable that the economic benefits associated with the transaction will be received by the Company.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Page 3
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Notes to the financial statements
For the year ended 31 December 2025
2.Accounting policies (continued)
Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings.
Short term debtors are measured at transaction price, less any impairment.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans to the related party.
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The average monthly number of employees, including the director, during the year was 1 (2024 - 1).
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Freehold investment property
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The 2025 valuations were made by the director, on an open market value for existing use basis.
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Page 4
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Notes to the financial statements
For the year ended 31 December 2025
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Creditors: amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Page 5
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