NTG Group Limited - Accounts to registrar (filleted) - small 18.2

NTG Group Limited - Accounts to registrar (filleted) - small 18.2

NTG GROUP LIMITED - Company Information

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REGISTERED NUMBER: 06502424 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2020

for

NTG Group Limited
NTG Group Limited (Registered number: 06502424)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NTG Group Limited

Company Information
for the Year Ended 31 March 2020







DIRECTORS: B Bates
J Graham
C Sampy





SECRETARY: J Graham





REGISTERED OFFICE: 1 Queens Court
Earlsway
Team Valley Trading Estate
GATESHEAD
Tyne and Wear
NE11 0BP





REGISTERED NUMBER: 06502424 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT
Page 1
NTG Group Limited (Registered number: 06502424)

Balance Sheet
31 March 2020

2020 2019
Notes £    £   
FIXED ASSETS
Investments 4 2,500,000 2,500,000
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,500,000
2,500,000

CREDITORS
Amounts falling due after more than one
year
5
801,420
801,420
NET ASSETS 1,698,580 1,698,580

CAPITAL AND RESERVES
Called up share capital 6 60,300 60,300
Revaluation reserve 1,638,280 1,638,280
SHAREHOLDERS' FUNDS 1,698,580 1,698,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2020 and were signed on its behalf by:




B Bates - Director



J Graham - Director


The notes form part of these financial statements

Page 2
NTG Group Limited (Registered number: 06502424)

Notes to the Financial Statements
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

NTG Group Limited is a private company, limited by shares , registered in England and Wales. 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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

There were no material departures from that standard.

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Preparation of consolidated financial statements
The financial statements contain information about NTG Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Financial instruments
Basic financial instruments are measured at amortised cost with changes recognised in profit or loss.

Investments
Investments held as fixed assets are stated at directors' valuation and reflect the underlying worth of the respective subsidiary undertaking.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 April 2019
and 31 March 2020 2,500,000
NET BOOK VALUE
At 31 March 2020 2,500,000
At 31 March 2019 2,500,000

Page 3 continued...
NTG Group Limited (Registered number: 06502424)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2020 is represented by:

Shares in
group
undertakings
£   
Valuation in 2009 541,562
Valuation in 2017 1,096,718
Cost 861,720
2,500,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Newcastle Tool & Gauge Limited
Registered office:
Nature of business: Machine tool engineering
%
Class of shares: holding
Ordinary 'A', 'B', 'C' & 'D' 100.00

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Amounts owed to group undertakings 801,420 801,420

6. CALLED UP SHARE CAPITAL

Alloted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £ £
59,950 Ordinary £1 59,950 59,950
300 "A" Ordinary £1 300 300
50 "B" Ordinary £1 50 50
60,300 60,300

The £1 Ordinary shares and the £1 "B" Ordinary shares rank pari passu other than each class has the ability to be voted dividends separately. The £1 "A" Ordinary shares do not have voting rights.

Page 4