| NEWSTONE INTERNATIONAL LIMITED |
| Registered number: |
03293280 |
| Balance Sheet |
| as at 31 March 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
716 |
|
|
896 |
| Investments |
4 |
|
|
1 |
|
|
1 |
|
|
|
|
717 |
|
|
897 |
|
| Current assets |
| Stocks |
|
|
4,537,569 |
|
|
4,802,955 |
| Debtors |
5 |
|
1,526,130 |
|
|
1,636,777 |
| Cash at bank and in hand |
|
|
729,566 |
|
|
327,585 |
|
|
|
6,793,265 |
|
|
6,767,317 |
|
| Creditors: amounts falling due within one year |
6 |
|
(797,110) |
|
|
(788,680) |
|
| Net current assets |
|
|
|
5,996,155 |
|
|
5,978,637 |
|
| Total assets less current liabilities |
|
|
|
5,996,872 |
|
|
5,979,534 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(4,080,386) |
|
|
(4,103,598) |
|
| Net assets |
|
|
|
1,916,486 |
|
|
1,875,936 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
3 |
|
|
3 |
| Share premium |
|
|
|
148,802 |
|
|
148,802 |
| Profit and loss account |
|
|
|
1,767,681 |
|
|
1,727,131 |
|
| Shareholders' funds |
|
|
|
1,916,486 |
|
|
1,875,936 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| ….............................. |
| Deborah Joan Wides |
| Director |
| Approved by the board on 10 October 2019 |
|
| NEWSTONE INTERNATIONAL LIMITED |
| Notes to the Accounts |
| for the year ended 31 March 2019 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable and net of discounts. Turnover includes revenue earned from the sale of stocks and shares, dividends and exchange gains. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Stocks and shares |
|
Stocks and shares are measured at the lower of cost and market value. Cost is determined using the average method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current and deferred tax assets and liabilities are not discounted. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the average rate of exchange for the year. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
| 2 |
Employees |
2019 |
|
2018 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
£ |
|
Cost |
|
At 1 April 2018 |
8,002 |
|
At 31 March 2019 |
8,002 |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2018 |
7,106 |
|
Charge for the year |
180 |
|
At 31 March 2019 |
7,286 |
|
|
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2019 |
716 |
|
At 31 March 2018 |
896 |
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 April 2018 |
1 |
|
|
At 31 March 2019 |
1 |
|
|
|
This investment represents 100% of the share capital of the following wholly owned subsidiary company: |
|
|
|
|
|
|
|
Capital and reserves |
|
Profit after tax for the year |
|
Company |
Shares held |
|
|
Class |
% |
£ |
£ |
|
|
Crestmoore Property Limited |
Ordinary |
|
100 |
|
80,669 |
|
27,283 |
|
|
|
|
|
|
|
|
|
|
The company own's a leasehold investment property which was purchased at a value of £1,600,000. The company's principal activity is the provision of furnished lettings. |
|
| 5 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
1,526,130 |
|
1,553,595 |
|
Other debtors |
- |
|
83,182 |
|
|
|
|
|
|
1,526,130 |
|
1,636,777 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Director's account |
|
|
|
|
779,372 |
|
768,054 |
|
Taxation and social security costs |
125 |
|
- |
|
Other creditors |
17,613 |
|
20,626 |
|
|
|
|
|
|
797,110 |
|
788,680 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Other creditors |
4,080,386 |
|
4,103,598 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Controlling party |
|
|
The company is controlled jointly by Mrs. DJ Wides, the sole director, and her husband, Mr. BM Wides by virtue of their ability to act in concert in respect of the operational and financial policies of the company. |
|
|
| 9 |
Other information |
|
|
NEWSTONE INTERNATIONAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Stamore BIC |
|
Stanmore Place |
|
Howard Road |
|
Stanmore |
|
HA7 1GB |
