REGISTERED NUMBER: 04482691 (England and Wales)

New Road Property Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V L Coleman

Mr C L Coleman

SECRETARY:

Mrs V L Coleman

REGISTERED OFFICE:

Atlantic House

8 Bell Lane

Uckfield

East Sussex

TN22 1QL

REGISTERED NUMBER:

04482691 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

93,901

93,383

Investment property

6

2,079,098

2,079,098

2,172,999

2,172,481

CURRENT ASSETS

Debtors

7

22,079

26,425

Cash at bank and in hand

668,969

629,200

691,048

655,625

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

8

18,705

10,990

NET CURRENT ASSETS

672,343

644,635

TOTAL ASSETS LESS CURRENT LIABILITIES

2,845,342

2,817,116

PROVISIONS FOR LIABILITIES

410,499

410,369

NET ASSETS

2,434,843

2,406,747

CAPITAL AND RESERVES

Called up share capital

9

100

100

Share premium

759,900

759,900

Fair value reserve

10

859,345

859,475

Retained earnings

815,498

787,272

SHAREHOLDERS' FUNDS

2,434,843

2,406,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2025 and were signed on its behalf by:

Mr C L Coleman - Director

1.	STATUTORY INFORMATION

New Road Property Limited 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the fair value of certain assets.

Turnover

Turnover represents rents receivable. Rents receivable arise from operating leases.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Investment property

Investment property is shown at fair value at each reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The investment property fair value of £2,079,098 (2024 - £2,079,098) was determined by the directors.

Financial instruments

Unlisted fixed asset investments are measured at fair value through the income statement. The fair value of £93,901 (2024 - £93,383) was determined by reference to the most recent unaudited financial statements.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

1,594

DEPRECIATION

At 1 April 2024

and 31 March 2025

1,594

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

93,383

Revaluations

518

At 31 March 2025

93,901

NET BOOK VALUE

At 31 March 2025

93,901

At 31 March 2024

93,383

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2016

3,872

Valuation in 2017

7,497

Valuation in 2018

6,476

Valuation in 2021

(23,989

)

Valuation in 2022

548

Valuation in 2023

3,812

Valuation in 2024

2,496

Valuation in 2025

518

Cost

92,671

93,901

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

92,671

92,671

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,079,098

NET BOOK VALUE

At 31 March 2025

2,079,098

At 31 March 2024

2,079,098

Fair value at 31 March 2025 is represented by:

£

Valuation in 2003

785,250

Valuation in 2009

545,000

Valuation in 2011

185,000

Valuation in 2018

400,000

Cost

163,848

2,079,098

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

19,302

23,901

Other debtors

2,777

2,524

22,079

26,425

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

13,880

8,194

Other creditors

105

164

Directors' current accounts

1,205

892

Accruals and deferred income

3,515

1,740

18,705

10,990

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

75

Ordinary A

£1

75

75

25

Ordinary B

£1

25

25

100

100

The different share classes rank pari passu in all respects.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

859,475

Transfer of fair value gain

(130

)

At 31 March 2025

859,345

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed one of its directors £1,205 (2024 - £892). This loan is unsecured, interest free and repayable on demand.

During the year the company paid dividends to its directors £25,000 (2024 - £nil).