NEW SUMMERVILLE LIMITED
Rental and investment in properties for the furtherance of objectives
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £26,102 for the year ended 31 December 2024, reversing a deficit from the previous year. Per the trustees' report, unrestricted reserves stood at £871,677, which the trustees consider adequate to fulfill obligations and continue activities. The filing notes that the company is exempt from audit and satisfied the conditions for this exemption under the Companies Act 2006.
What the accounts disclose
“The Trustees are aware of the legal duty to apply funds within a reasonable time of receiving them.” — page 5
Trustees
- DR NABEEL AL RAMADHANIchair
- Hossam Ayad Saleh
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £54k | £28k |
| 31/12/2023 | £54k | £48k |
| 31/12/2022 | £58k | £14k |
| 31/12/2021 | £44k | £26k |
| 31/12/2020 | £48k | £14k |
Common questions
Is NEW SUMMERVILLE LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £26,102 for the year ended 31 December 2024, reversing a deficit from the previous year. Per the trustees' report, unrestricted reserves stood at £871,677, which the trustees consider adequate to fulfill obligations and continue activities. The filing notes that the company is exempt from audit and satisfied the conditions for this exemption under the Companies Act 2006. Its FY2024 accounts were independently examined.