Newco B Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04372985 (England and Wales)

Newco B Limited

Unaudited Financial Statements For The Year Ended 31 March 2022

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T Lowe

R D P Lowe

SECRETARY:

R D P Lowe

REGISTERED OFFICE:

Wentworth Industrial Park

Wentworth Way

Tankersley

Barnsley

S75 3DH

REGISTERED NUMBER:

04372985 (England and Wales)

ACCOUNTANTS:

Kingswood Allotts Limited

Chartered Accountants

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

FIXED ASSETS

Investments

4

600,102

CURRENT ASSETS

Debtors

568,808

1,335,028

Cash at bank

927,425

467,196

1,496,233

1,802,224

CREDITORS

Amounts falling due within one year

291,959

279,772

NET CURRENT ASSETS

1,204,274

1,522,452

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,804,376

2,122,554

PROVISIONS FOR LIABILITIES

54,225

40,110

NET ASSETS

1,750,151

2,082,444

CAPITAL AND RESERVES

Called up share capital

5

104

Retained earnings

1,750,047

2,082,340

SHAREHOLDERS' FUNDS

1,750,151

2,082,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 19 December 2022 and were signed on its behalf by:

R D P Lowe - Director

1.	STATUTORY INFORMATION

Newco B 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Newco B 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.

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

Provision is made for the tax payable on the difference between the share of taxable profits from entities in which the company has a participating interest and the share of profits in the accounts on a cumulative basis arising from accumulated capital allowances at the current rate of corporation tax.

Investments

Investments held as fixed assets are shown at cost less provision for impairments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2021

and 31 March 2022

600,102

NET BOOK VALUE

At 31 March 2022

600,102

At 31 March 2021

600,102

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

104

Ordinary

£1

104

6.	RELATED PARTY DISCLOSURES

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.

The amount owed by the associated undertaking to the company as at 31 March 2022 was £568,623 (2021: £1,334,841)

Newco B Limited - Accounts to registrar (filleted) - small 22.3

Newco B Limited - Accounts to registrar (filleted) - small 22.3