| NEWSTONE INTERNATIONAL LIMITED |
| Registered number: |
03293280 |
| Balance Sheet |
| as at 31 March 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
896 |
|
|
1,010 |
| Investments |
4 |
|
|
1 |
|
|
1 |
|
|
|
|
897 |
|
|
1,011 |
|
| Current assets |
| Stocks and shares |
|
|
4,802,955 |
|
|
3,993,613 |
| Debtors |
5 |
|
1,636,777 |
|
|
1,611,323 |
| Cash at bank and in hand |
|
|
327,585 |
|
|
548,877 |
|
|
|
6,767,317 |
|
|
6,153,813 |
|
| Creditors: amounts falling due within one year |
6 |
|
(788,680) |
|
|
(313,861) |
|
| Net current assets |
|
|
|
5,978,637 |
|
|
5,839,952 |
|
| Total assets less current liabilities |
|
|
|
5,979,534 |
|
|
5,840,963 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(4,103,598) |
|
|
(3,819,176) |
|
| Net assets |
|
|
|
1,875,936 |
|
|
2,021,787 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
3 |
|
|
3 |
| Share premium |
|
|
|
148,802 |
|
|
148,802 |
| Profit and loss account |
|
|
|
1,727,131 |
|
|
1,872,982 |
|
| Shareholders' funds |
|
|
|
1,875,936 |
|
|
2,021,787 |
|
|
|
|
|
|
|
|
| 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 24 October 2018 |
|
| NEWSTONE INTERNATIONAL LIMITED |
| Notes to the Accounts |
| for the year ended 31 March 2018 |
|
|
| 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, net of discounts and value added taxes. 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 are measured at cost less any accumulated impairment losses. 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 |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2018 |
|
2017 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Furniture, fixtures and fittings etc |
| £ |
|
Cost |
|
At 1 April 2017 |
7,892 |
|
Additions |
110 |
|
At 31 March 2018 |
8,002 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2017 |
6,882 |
|
Charge for the year |
224 |
|
At 31 March 2018 |
7,106 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2018 |
896 |
|
At 31 March 2017 |
1,010 |
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 April 2017 |
1 |
|
|
At 31 March 2018 |
1 |
|
|
This investment represents 100% of the share capital of the following wholly owned subsidiary company: |
|
| Capital and |
Profit |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Crestmoore Property Limited |
Ordinary |
100 |
|
53,840 |
|
35,571 |
|
|
|
|
|
|
|
|
|
|
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 |
2018 |
|
2017 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
1,553,595 |
|
1,611,323 |
|
Other debtors - Taxation |
83,182 |
|
- |
|
|
|
|
|
|
1,636,777 |
|
1,611,323 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade creditors |
125,716 |
|
- |
|
Director's account |
|
|
|
|
642,338 |
|
126,917 |
|
Taxation and social security costs |
- |
|
167,623 |
|
Other creditors |
20,626 |
|
19,321 |
|
|
|
|
|
|
788,680 |
|
313,861 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Other creditors |
4,103,598 |
|
3,819,176 |
|
|
|
|
|
|
|
|
|
|
| 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: |
|
No.1 Olympic Way |
|
Wembley |
|
Middlesex |
|
HA9 0NP |
