Newell Ventures Limited Filleted accounts for Companies House (small and micro)
Newell Ventures Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
11052834
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
5 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
6 |
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Net liabilities |
(
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(
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Capital and reserves
Called up share capital |
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Profit and loss account |
(
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(
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Shareholder deficit |
(
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(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
12 May 2021
, and are signed on behalf of the board by:
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Director |
Company registration number:
11052834
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Notes to the Financial Statements |
Year ended 30 November 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH, United Kingdom.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Tangible assets
Investment property
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
4.
Tangible assets
Freehold property |
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£ |
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Cost |
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At 1 December 2019 |
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Additions |
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Disposals |
(
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At 30 November 2020 |
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Depreciation |
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At 1 December 2019 and 30 November 2020 |
– |
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Carrying amount |
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At 30 November 2020 |
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At 30 November 2019 |
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Included within the above is investment property as follows:
£ |
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At 1 December 2019 |
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Additions |
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Disposals |
(
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At 30 November 2020 |
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The 2020 valuations were made by the directors, on a fair value basis.
5.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Trade creditors |
(
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Other creditors |
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6.
Creditors:
amounts falling due after more than one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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7.
Controlling party
The ultimate controlling party is Newmill Development Limited, a company incorporated in the United Kingdom.