Newland Bros (Building Developments) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00550296 (England and Wales)

Financial Statements for the Year Ended 31 March 2020

for

NEWLAND BROTHERS (BUILDING DEVELOPMENTS)

LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T M Newland

K G Newland

SECRETARY:

K G Newland

REGISTERED OFFICE:

159 High Street

Barnet

Hertfordshire

EN5 5SU

REGISTERED NUMBER:

00550296 (England and Wales)

ACCOUNTANTS:

Joshua Leigh & Co Limited

(trading as Lawrence, Nudds & Co)

159 High Street

Barnet

Hertfordshire

EN5 5SU

FIXED ASSETS

Investment property

4

175,000

175,000

CURRENT ASSETS

Debtors

2,250

1,936

Cash at bank

54,784

45,538

57,034

47,474

CREDITORS

Amounts falling due within one year

(3,949

)

(4,174

)

NET CURRENT ASSETS

53,085

43,300

TOTAL ASSETS LESS CURRENT LIABILITIES

228,085

218,300

PROVISIONS FOR LIABILITIES

(28,868

)

(28,868

)

NET ASSETS

199,217

189,432

CAPITAL AND RESERVES

Called up share capital

180

180

Retained earnings

199,037

189,252

SHAREHOLDERS' FUNDS

199,217

189,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 15 June 2020 and were signed on its behalf by:

K G Newland - Director

1.	STATUTORY INFORMATION

Newland Brothers (Building Developments) 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.

Turnover

Turnover represents rents received from letting the company's freehold property.

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 (2019 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

175,000

NET BOOK VALUE

At 31 March 2020

175,000

At 31 March 2019

175,000

Fair value at 31 March 2020 is represented by:

£

Valuation in 2020

175,000

In the opinion of the directors, the market value of the company's freehold land is approximately that shown in

the Balance Sheet.