Newby Bridge Properties Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04932599 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Newby Bridge Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

MN Hulme

REGISTERED OFFICE:

The Bungalow

2 Rappax Road

Hale

Altrincham

Cheshire

WA15 0NR

REGISTERED NUMBER:

04932599 (England and Wales)

FIXED ASSETS

Tangible assets

4

410,000

60,000

CURRENT ASSETS

Debtors

5

221,070

226,820

Cash at bank

17

-

221,087

226,820

CREDITORS

Amounts falling due within one year

6

224,647

226,253

NET CURRENT (LIABILITIES)/ASSETS

(3,560

)

567

TOTAL ASSETS LESS CURRENT LIABILITIES

406,440

60,567

CREDITORS

Amounts falling due after more than one year

7

(36,764

)

(43,431

)

PROVISIONS FOR LIABILITIES

(92,774

)

-

NET ASSETS

276,902

17,136

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings - non

distributable

371,594

26,594

Retained earnings

(94,694

)

(9,460

)

276,902

17,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 July 2023 and were signed by:

MN Hulme - Director

1.	STATUTORY INFORMATION

Newby Bridge Properties 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Tangible fixed assets

There are no tangible assets requiring depreciation. Land and buildings are shown at valuation.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 January 2022

60,000

Additions

5,000

Revaluations

345,000

At 31 December 2022

410,000

NET BOOK VALUE

At 31 December 2022

410,000

At 31 December 2021

60,000

Cost or valuation at 31 December 2022 is represented by:

Land and

buildings

£

Valuation in 2021

24,492

Valuation in 2022

345,000

Cost

40,508

410,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Amounts owed by group undertakings

221,070

226,820

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans and overdrafts

10,719

6,882

Amounts owed to group undertakings

134,915

142,915

Other creditors

79,013

76,456

224,647

226,253

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans

36,764

43,431

8.	ULTIMATE CONTROLLING PARTY

The controlling party is MN Hulme.