NEW TYNE WEST DEVELOPMENT COMPANY LLP
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Next accounts due
2026-07-30 (in 2mo)
Last filed for 2024-10-31
Confirmation statement due
2027-03-19 (in 10mo)
Last made up 2026-03-05
Watchouts
None on the register
Cash
£3M
Latest balance sheet
Net assets
£10M
highest in 5 filed years
Employees
1
Average over period
Profit before tax
£501K
Period ending 2024-10-31
Net assets
7-year trend · vs Unclassified median
Accounts
7-year trend · latest reflected 2024-10-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | £5,081,380 | £7,648,292 | — | £15,660,806 | — | £11,924,616 | £14,939,825 | |
| Operating profit | -£61,409 | -£337,116 | — | £299,730 | — | -£722 | £500,331 | |
| Profit before tax | — | — | — | — | — | -£644 | £500,605 | |
| Net profit | -£61,408 | -£337,116 | — | £299,730 | — | -£644 | £500,605 | |
| Cash | £2,742,355 | £448,906 | £448,906 | £907,225 | £907,225 | £1,290,775 | £2,513,207 | |
| Total assets less current liabilities | £9,705,958 | £9,368,842 | — | £9,668,572 | — | £9,667,928 | £10,168,533 | |
| Net assets | £9,705,958 | £9,368,842 | — | £9,668,572 | — | £9,667,928 | £10,168,533 | |
| Equity | £9,705,958 | £9,368,842 | — | £9,668,572 | — | £9,667,928 | £10,168,533 | |
| Average employees | 1 | 1 | — | 1 | — | 1 | 1 | |
| Wages | — | — | — | £103,581 | — | £131,341 | £45,358 | |
| Directors' remuneration | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-10-31 vs 2023-10-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -1.2% | -4.4% | — | 1.9% | — | -0.0% | 3.3% | |
| Net margin | -1.2% | -4.4% | — | 1.9% | — | -0.0% | 3.4% | |
| Return on capital employed | -0.6% | -3.6% | — | 3.1% | — | -0.0% | 4.9% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 42.2% | 56.3% | |
| Current ratio | — | — | — | — | — | 2.30x | 1.74x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- NEW TYNE WEST DEVELOPMENT COMPANY LLP 2011-05-13 → present
- SCOTSWOOD URV LLP 2011-03-11 → 2011-05-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. The LLP meets its day to day working capital and debt service requirements through its cash resources and operating cash flows. The members have prepared financial forecasts which, having regard for the current economic environment and taking account of reasonably possible changes in trading performance, indicate that the LLP is expected to maintain sufficient financial headroom through its cash resources and operating cash flows to enable it to continue meeting its liabilities as they fall due in the normal course of business for at least the next 12 months following the approval of these financial statements and have support from its members where necessary. Notwithstanding any further potential ongoing impact on the LLP's financial performance and position beyond that already anticipated by the forecasts, the LLP maintains net funds and working capital which the members consider are sufficient to fully mitigate the risks which remain due the current economic environment. After making enquiries, the members have a reasonable expectation that the LLP has adequate financial and other resources to continue in operational existence for the foreseeable future. Accordingly, they continue to prepare the financial statements on a going concern basis.”
Significant events
- “Works to Phase 2 of the masterplan have now been fully completed, resulting in the delivery of 255 new homes.”
- “Work has commenced on Phases 3, 5 and 5a of the development. Phase 3 will deliver 381 new homes, Phase 5 will deliver 40 homes, and Phase 5a will deliver 49 homes. Phase 5 has been sold in its entirety to PlaceFirst, reflecting the continuing demand for high-quality, well-designed housing within the area.”
- “The sales performance during the financial year has been strong, although it did not entirely meet budget expectations. The LLP achieved an average sales price per unit of £213,626, compared with a budgeted figure of £197,248. The number of units legally completed was 65, against a budgeted target of 96.”
- “Purchaser statistics continue to align with the development's key objectives of attracting economically active families back to the area, with around 75% being aged 40 and under, and circa 80% first-time buyers.”
- “The LLP remains committed to education, enterprise and training opportunities. Apprentices continue to be employed on site, and targets for vocational qualifications, work experience placements and local employment have been achieved. During 2024, charitable and community-focused initiatives continued to be delivered in partnership with community-based organisations and educational establishments. The programme of communications and consultations has further integrated the new and existing communities, and this commitment will continue into 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BK SCOTSWOOD LLP | Corporate Llp Designated Member | 2011-03-11 | — | — |
| THE COUNCIL OF THE CITY OF NEWCASTLE UPON TYNE | Corporate Llp Designated Member | 2011-03-11 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bk Scotswood Llp | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2017-03-11 | Active |
| The Council Of The City Of Newcastle Upon Tyne | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2017-03-11 | Active |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-06 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-30 | AA | accounts | Accounts with accounts type full | |
| 2025-07-22 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2025-03-07 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-03 | AA | accounts | Accounts with accounts type full | |
| 2024-07-31 | LLAA01 | accounts | Change account reference date limited liability partnership previous shortened | |
| 2024-06-27 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2024-03-20 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-09 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2023-10-13 | AA | accounts | Accounts with accounts type small | |
| 2023-09-14 | LLAA01 | accounts | Change account reference date limited liability partnership current shortened | |
| 2023-03-09 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-05 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-03-03 | AA | accounts | Accounts with accounts type full | |
| 2023-02-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-03-16 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-02 | AA | accounts | Accounts with accounts type full | |
| 2021-08-27 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2021-05-10 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2021-05-10 | LLCS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.