Newton Street Manchester Limited - Period Ending 2022-09-30
Newton Street Manchester Limited - Period Ending 2022-09-30
Registration number:
Newton Street Manchester Limited
for the Year Ended 30 September 2022
Newton Street Manchester Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Newton Street Manchester Limited
Company Information
Director |
Mr S J Beech |
Registered office |
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Accountants |
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Newton Street Manchester Limited
(Registration number: 09828899)
Balance Sheet as at 30 September 2022
Note |
2022 |
2021 |
|
Creditors: Amounts falling due within one year |
( |
( |
|
Capital and reserves |
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Called up share capital |
100 |
100 |
|
Retained earnings |
(9,083) |
(9,083) |
|
Shareholders' deficit |
(8,983) |
(8,983) |
For the financial year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
Newton Street Manchester Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in sterling which is the functional currency of the company.
Summary of disclosure exemptions
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore they continue to adopt the going concern basis of accounting in the preparation of the financial statements.
Foreign currency transactions and balances
Newton Street Manchester Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022 (continued)
2 |
Accounting policies (continued) |
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Newton Street Manchester Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022 (continued)
Creditors |
Creditors: amounts falling due within one year
2022 |
2021 |
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Taxation and social security |
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Accruals and deferred income |
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Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
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No. |
£ |
No. |
£ |
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|
|
100 |
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100 |
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of contingencies not included in the balance sheet is £82,463 (2021 - £82,463).
Related party transactions |
The Company has taken advantage of the exemption in FRS 102 (Section 1A) from disclosing transactions with related parties where every party to the transaction is a wholly owned member of the same Group.
Parent and ultimate parent undertaking |
The company's immediate parent is