Newton Fallowell (Bourne S&L) Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08249087 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2023

for

Newton Fallowell (Bourne Sales &

Lettings) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

Mr Jason Roy Treadwell

Mrs Laura Louise Treadwell

REGISTERED OFFICE:

2 North Street

Bourne

Lincolnshire

PE10 9EA

REGISTERED NUMBER:

08249087 (England and Wales)

ACCOUNTANTS:

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

19,017

19,148

19,017

19,148

CURRENT ASSETS

Debtors

6

107,482

33,881

Cash at bank

96,353

156,184

203,835

190,065

CREDITORS

Amounts falling due within one year

7

70,029

83,136

NET CURRENT ASSETS

133,806

106,929

TOTAL ASSETS LESS CURRENT LIABILITIES

152,823

126,077

CREDITORS

Amounts falling due after more than one year

8

29,199

39,165

NET ASSETS

123,624

86,912

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

123,524

86,812

SHAREHOLDERS' FUNDS

123,624

86,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 and authorised for issue on 30 October 2023 and were signed on its behalf by:

Mr Jason Roy Treadwell - Director

1.	STATUTORY INFORMATION

Newton Fallowell (Bourne Sales & Lettings) Ltd 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

15% on reducing balance

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 6 (2022 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2022

and 31 January 2023

12,000

AMORTISATION

At 1 February 2022

and 31 January 2023

12,000

NET BOOK VALUE

At 31 January 2023

-

At 31 January 2022

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2022

12,906

15,682

8,397

36,985

Additions

-

444

1,835

2,279

At 31 January 2023

12,906

16,126

10,232

39,264

DEPRECIATION

At 1 February 2022

6,708

7,453

3,676

17,837

Charge for year

620

827

963

2,410

At 31 January 2023

7,328

8,280

4,639

20,247

NET BOOK VALUE

At 31 January 2023

5,578

7,846

5,593

19,017

At 31 January 2022

6,198

8,229

4,721

19,148

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade debtors

5,952

23,386

Amounts owed by group undertakings

1,202

-

Other debtors

100,328

10,495

107,482

33,881

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

17,838

9,042

Amounts owed to group undertakings

735

3,834

Taxation and social security

28,187

50,661

Other creditors

13,269

9,599

70,029

83,136

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans

29,199

39,165

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.23

31.1.22

value:

£

£

100

Ordinary

1

100

100

10.	RELATED PARTY DISCLOSURES

The following balances were owed to/from companies as at 31 January 2023:

Treadwell & Treadwell Ltd £1,202 (Debtor) ) 2022: £3,001 creditor

TT&L Limited £50 (creditor) 2022: £148 (creditor)

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Treadwell & Treadwell Holdings Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Newton Fallowell (Bourne Sales & Lettings) Ltd for the year ended 31 January 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Newton Fallowell (Bourne Sales & Lettings) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Newton Fallowell (Bourne Sales & Lettings) Ltd and state those matters that we have agreed to state to the Board of Directors of Newton Fallowell (Bourne Sales & Lettings) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Newton Fallowell (Bourne Sales & Lettings) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Newton Fallowell (Bourne Sales & Lettings) Ltd. You consider that Newton Fallowell (Bourne Sales & Lettings) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Newton Fallowell (Bourne Sales & Lettings) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

Date: .............................................