NEWCO_2012_LIMITED - Accounts

NEWCO 2012 LIMITED - Company Information

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Company Registration No. 08082498 (England and Wales)

NEWCO 2012 LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2014

NEWCO 2012 LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

NEWCO 2012 LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

290,592

Current assets

Debtors

Cash at bank and in hand

212

131

212

174

Creditors: amounts falling due within one year

(3,311)

(292,903)

Net current liabilities

(3,099)

(292,729)

Total assets less current liabilities

287,493

(2,137)

Creditors: amounts falling due after more than one year

(290,592)

(3,099)

(2,137)

Capital and reserves

Called up share capital

Profit and loss account

(3,100)

(2,138)

Shareholders' funds

(3,099)

(2,137)

For the financial year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has 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.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 February 2015

Mr G W Earl

Director

Company Registration No. 08082498

NEWCO 2012 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost

At 1 June 2013 & at 31 May 2014

290,592

At 31 May 2013

290,592

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary of £1 each