REGISTERED NUMBER: 05328760 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2019

for

New Future Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Rowley

G Szilagy

R J Moore

R G Lowe

SECRETARY:

R G Lowe

REGISTERED OFFICE:

The Quay

No12. Princes Parade

Liverpool Waters

Liverpool

Merseyside

L3 1BG

REGISTERED NUMBER:

05328760 (England and Wales)

ACCOUNTANTS:

Wilson Henry LLP

145 Edge Lane

Liverpool

Merseyside

L7 2PF

FIXED ASSETS

Investment property

4

255,000

395,000

CURRENT ASSETS

Debtors

5

470

1,772

Cash at bank

21,316

1,906

21,786

3,678

CREDITORS

Amounts falling due within one year

6

1,240

2,380

NET CURRENT ASSETS

20,546

1,298

TOTAL ASSETS LESS CURRENT LIABILITIES

275,546

396,298

CREDITORS

Amounts falling due after more than one year

7

(223,444

)

(341,088

)

PROVISIONS FOR LIABILITIES

-

(12,588

)

NET ASSETS

52,102

42,622

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

52,002

42,522

SHAREHOLDERS' FUNDS

52,102

42,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 October 2019 and were signed on its behalf by:

G Szilagy - Director

1.	STATUTORY INFORMATION

New Future 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.

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 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.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

Investment property is initially recognised at cost, then subsequently measured at fair value at each

reporting date with changes in fair value recognised in profit or loss.

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 4 (2018 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2018

395,000

Disposals

(140,000

)

At 31 January 2019

255,000

NET BOOK VALUE

At 31 January 2019

255,000

At 31 January 2018

395,000

Fair value at 31 January 2019 is represented by:

£

Valuation in 2018

66,253

Valuation in 2019

(23,790

)

Cost

212,537

255,000

Investment properties were valued on an open market basis on 31 January 2019 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

-

1,142

Prepayments

470

630

470

1,772

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Director's current accounts

100

100

Accrued expenses

1,140

2,280

1,240

2,380

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank Loans due after more than 12 months

223,444

341,088

2019

2018

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank Loans due after more than 12 months

223,444

341,088

8.

RESERVES

Retained

earnings

£

At 1 February 2018

42,522

Profit for the year

9,480

At 31 January 2019

52,002