| Newstead London Limited |
| Registered number: |
06932852 |
| Abbreviated Balance Sheet |
| as at 30 June 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
350,000 |
|
|
350,000 |
| Tangible assets |
3 |
|
|
- |
|
|
5,159 |
|
|
|
|
350,000 |
|
|
355,159 |
|
| Current assets |
| Debtors |
|
|
27,262 |
|
|
108,175 |
| Cash at bank and in hand |
|
|
200,863 |
|
|
248,726 |
|
|
|
228,125 |
|
|
356,901 |
|
| Creditors: amounts falling due within one year |
|
|
(338,648) |
|
|
(468,820) |
|
| Net current liabilities |
|
|
|
(110,523) |
|
|
(111,919) |
|
| Net assets |
|
|
|
239,477 |
|
|
243,240 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
238,477 |
|
|
242,240 |
|
| Shareholders' funds |
|
|
|
239,477 |
|
|
243,240 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| P O'Donnell |
| Director |
| Approved by the board on 4 March 2015 |
|
| Newstead London Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 June 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover shown in the profit & loss account represents gross insurance commission earned. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Office equipment |
25% straight line |
|
|
Dividends |
|
Dividends are recognised as a liability when paid or approved by shareholders. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2013 |
350,000 |
|
At 30 June 2014 |
350,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 30 June 2014 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2014 |
350,000 |
|
At 30 June 2013 |
350,000 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2013 |
12,603 |
|
Additions |
1,601 |
|
Disposals |
(14,204) |
|
At 30 June 2014 |
- |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2013 |
7,444 |
|
Charge for the year |
845 |
|
On disposals |
(8,289) |
|
At 30 June 2014 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2014 |
- |
|
At 30 June 2013 |
5,159 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
