Needmarsh Publishing Limited Filleted accounts for Companies House (small and micro)

NEEDMARSH PUBLISHING LIMITED - Company Information

0 false false false false false false false false false true false false false false false false No description of principal activity 2021-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 02307715 2021-04-01 2022-03-31 02307715 2022-03-31 02307715 2021-03-31 02307715 bus:RegisteredOffice 2021-04-01 2022-03-31 02307715 bus:LeadAgentIfApplicable 2021-04-01 2022-03-31 02307715 bus:Director1 2021-04-01 2022-03-31 02307715 bus:Director2 2021-04-01 2022-03-31 02307715 core:WithinOneYear 2021-03-31 02307715 core:ShareCapital 2022-03-31 02307715 core:ShareCapital 2021-03-31 02307715 core:RetainedEarningsAccumulatedLosses 2021-03-31 02307715 bus:SmallEntities 2021-04-01 2022-03-31 02307715 bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 02307715 bus:FullAccounts 2021-04-01 2022-03-31 02307715 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 02307715 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31

COMPANY REGISTRATION NUMBER: 02307715

NEEDMARSH PUBLISHING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2022

NEEDMARSH PUBLISHING LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

NEEDMARSH PUBLISHING LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mr R D F Lim
	Ms S C K Lim

Registered office	15 Metro Centre
	Dwight Road
	Tolpits Lane
	Watford
	Herts
	England
	WD18 9SS

Accountants	BSG Valentine (UK) LLP
	Chartered Accountants
	Lynton House
	7 - 12 Tavistock Square
	London
	WC1H 9BQ

NEEDMARSH PUBLISHING LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2022

	2022		2021
Note	£	£	£	£

CURRENT ASSETS

Debtors	4	8		360,633

CREDITORS: amounts falling due within one year	5	–		( 10,663)
		----		----------
NET CURRENT ASSETS			8		349,970
			----		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			8		349,970
			----		----------

CAPITAL AND RESERVES

Called up share capital	8	8
Profit and loss account	–	349,962
	----	----------
SHAREHOLDERS FUNDS	8	349,970
	----	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 9 December 2022 , and are signed on behalf of the board by:

Mr R D F Lim

Director

Company registration number: 02307715

NEEDMARSH PUBLISHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Metro Centre, Dwight Road, Tolpits Lane, Watford, Herts, WD18 9SS, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The principal accounting policies adopted are set out below. The financial statements are prepared in sterling, which is the functional currency of the entity.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Debtors

	2022	2021
	£	£
Amounts owed by group undertakings	8	360,633
	----	----------

5. Creditors: amounts falling due within one year

	2022	2021
	£	£
Amounts owed to group undertakings	–	10,663
	----	--------

6. Related party transactions

As at the year end the company owed a total balance of £nil (2021: £10,663) to related parties. The balance is unsecured, short-term and interest free. The company has taken advantage of the exemption allowed under the Financial Reporting Standard 102 not to disclose related party transactions between wholly owned members of the same group of companies.