Newpeak Properties Limited - Accounts to registrar (filleted) - small 18.2

Newpeak Properties Limited - Accounts to registrar (filleted) - small 18.2

NEWPEAK PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 03234332 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

FOR

NEWPEAK PROPERTIES LIMITED
NEWPEAK PROPERTIES LIMITED (REGISTERED NUMBER: 03234332)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NEWPEAK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2019







DIRECTORS: H Rothbard
D Schreiber





SECRETARY: Mrs. R Niederman





REGISTERED OFFICE: 147 Stamford Hill
London
N16 5LG





REGISTERED NUMBER: 03234332 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
NEWPEAK PROPERTIES LIMITED (REGISTERED NUMBER: 03234332)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2019

31.1.19 31.1.18
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 500,000 500,000

CURRENT ASSETS
Debtors 6 1,851 775
Cash at bank 5 5
1,856 780
CREDITORS
Amounts falling due within one year 7 31,845 31,604
NET CURRENT LIABILITIES (29,989 ) (30,824 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
470,011
469,176

PROVISIONS FOR LIABILITIES 42,407 42,407
NET ASSETS 427,604 426,769

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 427,602 426,767
SHAREHOLDERS' FUNDS 427,604 426,769

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 28 January 2020 and were signed on its behalf by:




D Schreiber - Director


The notes form part of these financial statements

Page 2
NEWPEAK PROPERTIES LIMITED (REGISTERED NUMBER: 03234332)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019

1. STATUTORY INFORMATION

Newpeak 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of
the entity after deducting all its financial liabilities.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

Page 3 continued...
NEWPEAK PROPERTIES LIMITED (REGISTERED NUMBER: 03234332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2018
and 31 January 2019 500,000
NET BOOK VALUE
At 31 January 2019 500,000
At 31 January 2018 500,000

Fair value at 31 January 2019 is represented by:

£   
Valuation in 1999 8,984
Valuation in 2000 35,000
Valuation in 2016 250,000
Valuation in 2017 50,000
Valuation in 2019 156,016
500,000

If Investment property had not been revalued it would have been included at the following historical cost:

31.1.19 31.1.18
£    £   
Cost 156,016 156,016

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.19 31.1.18
£    £   
Other debtors 1,851 775

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.19 31.1.18
£    £   
Payments on account 4,767 4,767
Trade creditors 4,349 4,349
Taxation and social security 350 169
Other creditors 22,379 22,319
31,845 31,604

Included in other creditors is £6,773 (2018: £6,773) due to Ritz Properties Limited and £1,333 (2018: £1,333)
due to Midos Investments Limited, companies with common directors.

Page 4 continued...
NEWPEAK PROPERTIES LIMITED (REGISTERED NUMBER: 03234332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.19 31.1.18
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 February 2018 426,767
Profit for the year 835
At 31 January 2019 427,602

10. RELATED PARTY DISCLOSURES

Rents and charges receivable amounted to £36,335 (2018: £33,646) received from The Schreib Trust, one of the
trustees of which is connected to a director of this company. These rents are charged at commercial rates.

During the year under review, the company paid charitable donations that amounted to £27,200 (2018: £27,600)
to a charity that has a trustee who is connected to a director of this company.

Page 5