NEWARK INVESTMENTS LIMITED Filleted accounts for Companies House (small and micro)

NEWARK INVESTMENTS 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 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 2,366 2,366 2,366 xbrli:pure xbrli:shares iso4217:GBP 00765069 2022-04-01 2023-03-31 00765069 2023-03-31 00765069 2022-03-31 00765069 bus:Director7 2022-04-01 2023-03-31 00765069 core:WithinOneYear 2023-03-31 00765069 core:WithinOneYear 2022-03-31 00765069 core:ShareCapital 2023-03-31 00765069 core:ShareCapital 2022-03-31 00765069 core:RetainedEarningsAccumulatedLosses 2023-03-31 00765069 core:RetainedEarningsAccumulatedLosses 2022-03-31 00765069 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 00765069 core:Non-currentFinancialInstruments 2023-03-31 00765069 core:Non-currentFinancialInstruments 2022-03-31 00765069 bus:SmallEntities 2022-04-01 2023-03-31 00765069 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 00765069 bus:FullAccounts 2022-04-01 2023-03-31 00765069 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 00765069 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31

COMPANY REGISTRATION NUMBER: 00765069

NEWARK INVESTMENTS LIMITED

Filleted Unaudited Financial Statements

31 March 2023

NEWARK INVESTMENTS LIMITED

Statement of Financial Position

31 March 2023

	2023		2022
Note	£	£	£

Fixed assets

Investments	4		2,366	2,366

Current assets

Stocks		1,474,270	1,474,270
Debtors	5	89,024	83,838
Cash at bank and in hand		273,744	272,323
		------------	------------
		1,837,038	1,830,431

Creditors: amounts falling due within one year	6	1,834,978		1,828,371
		------------		------------
Net current assets			2,060	2,060
			-------	-------
Total assets less current liabilities			4,426	4,426
			-------	-------
Net assets			4,426	4,426
			-------	-------

Capital and reserves

Called up share capital	600	600
Profit and loss account	3,826	3,826
	-------	-------
Shareholders funds	4,426	4,426
	-------	-------

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 2023 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 .

NEWARK INVESTMENTS LIMITED

Statement of Financial Position (continued)

31 March 2023

These financial statements were approved by the board of directors and authorised for issue on 12 December 2023 , and are signed on behalf of the board by:

S Friedman

Director

Company registration number: 00765069

NEWARK INVESTMENTS LIMITED

Notes to the Financial Statements

Year ended 31 March 2023

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.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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. 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. Investments

	Other investments other than loans
	£
Cost
At 1 April 2022 and 31 March 2023	2,366
	-------
Impairment
At 1 April 2022 and 31 March 2023	–
	-------

Carrying amount
At 31 March 2023	2,366
	-------
At 31 March 2022	2,366
	-------

5. Debtors

	2023	2022
	£	£
Trade debtors	85,154	81,487
Other debtors	3,870	2,351
	--------	--------
	89,024	83,838
	--------	--------

6. Creditors: amounts falling due within one year

	2023	2022
	£	£
Other creditors	1,834,978	1,828,371
	------------	------------