Newcastle Buttress Ltd Filleted accounts for Companies House (small and micro)

NEWCASTLE BUTTRESS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06458889

Newcastle Buttress Ltd

Filleted Unaudited Financial Statements

31 January 2021

Newcastle Buttress Ltd

Statement of Financial Position

31 January 2021

	2021		2020
Note	£	£	£

Fixed assets

Tangible assets	4		1,817,104	1,817,104

Current assets

Debtors	5	18,611	1,280
Cash at bank and in hand		64,092	24,467
		--------	--------
		82,703	25,747

Creditors: amounts falling due within one year	6	1,625,531		1,633,721
		------------		------------
Net current liabilities			1,542,828	1,607,974
			------------	------------
Total assets less current liabilities			274,276	209,130
			---------	---------
Net assets			274,276	209,130
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	274,176	209,030
	---------	---------
Shareholders funds	274,276	209,130
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Newcastle Buttress Ltd

Statement of Financial Position (continued)

31 January 2021

These financial statements were approved by the board of directors and authorised for issue on 21 October 2021 , and are signed on behalf of the board by:

Mr S L Pattinson
Director

Company registration number: 06458889

Newcastle Buttress Ltd

Notes to the Financial Statements

Year ended 31 January 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lion House, Durham Road, Birtley, Co Durham, DH3 1LS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Long leasehold investment property

Investment properties are shown at cost. The building is of historic importance and it is difficult to obtain a market valuation.

Revenue recognition

Turnover represents rental income received. Rental income is recognised on an accruals basis.

4. Tangible assets

	Long leasehold investment property
	£
Cost
At 1 February 2020 and 31 January 2021	1,817,104
	------------
Depreciation
At 1 February 2020 and 31 January 2021	–
	------------
Carrying amount
At 31 January 2021	1,817,104
	------------
At 31 January 2020	1,817,104
	------------

5. Debtors

	2021	2020
	£	£
Trade debtors	17,073	–
Other debtors	1,538	1,280
	--------	-------
	18,611	1,280
	--------	-------

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	463	13
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,581,370	1,594,370
Social security and other taxes	6,936	3,496
Other creditors	36,762	35,842
	------------	------------
	1,625,531	1,633,721
	------------	------------

7. Related party transactions

Included in creditors due within one year is £1,606,288 (2020: £1,619,288) owed to the company directors, their close family members and companies in which the director has an interest.