New Road Developments Limited - Accounts to registrar (filleted) - small 18.2
New Road Developments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| NEW ROAD DEVELOPMENTS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2019 |
| NEW ROAD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04238752) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 30 November 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 5 |
| NEW ROAD DEVELOPMENTS LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 30 November 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 42 High Street |
| Flitwick |
| Bedfordshire |
| MK45 1DU |
| NEW ROAD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04238752) |
| BALANCE SHEET |
| 30 November 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 7 | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| 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 on by: |
| NEW ROAD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04238752) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 30 November 2019 |
| 1. | STATUTORY INFORMATION |
| New Road Developments Limited is a |
| 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 |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| 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. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and |
| property | machinery | fittings | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 December 2018 |
| and 30 November 2019 |
| DEPRECIATION |
| At 1 December 2018 |
| Charge for year |
| At 30 November 2019 |
| NET BOOK VALUE |
| At 30 November 2019 |
| At 30 November 2018 |
| NEW ROAD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04238752) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 30 November 2019 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other creditors |
| 7. | PROVISIONS FOR LIABILITIES |
| 2019 | 2018 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Balance at 1 December 2018 |
| Credit to Statement of Comprehensive Income during year | ( |
) |
| Balance at 30 November 2019 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 201 | 201 |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Mr Richard Jack Daniels operated a directors current account during the year. At the year end the balance |
| owed to him was £1,075,825 (2018 - £1,065,897). This directors current account is interest free, unsecured and |
| repayable on demand. There have been various transactions during the year and the information disclosed is |
| therefore given in an aggregated form. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by the Daniels family. |
| NEW ROAD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04238752) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 30 November 2019 |
| 11. | GOING CONCERN |
| The financial statements have been prepared on the going concern basis, as the directors are satisfied that the |
| company can continue trading over the coming year as well as meet its creditors as and when they fall due. |
| The directors are aware of the insolvent position, however this is due to their loans being a significant creditor. |
| They have agreed that all third party creditors will be repaid before director loans are cleared. |