Company No: 11869172 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

		2023		2022
		£		£
Current assets
Debtors	3	30,172		36,454
		30,172		36,454
Creditors: amounts falling due within one year	4	( 30,072)		( 36,354)
Net current assets		100		100
Total assets less current liabilities		100		100
Net assets		100		100
Capital and reserves
Called-up share capital	5	100		100
Total shareholder's funds		100		100

For the financial 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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Newbridge Park Management Company Limited (registered number: 11869172) were approved and authorised for issue by the Director on 20 December 2023. They were signed on its behalf by:

Mr A J Hollinshead Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Newbridge Park Management Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lumonics House Valley Drive, Swift Valley Industrial Estate, Rugby, CV21 1TQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover consists of service charge income and represents amounts receivable from tenants for the maintenance and servicing of common parts of the property which they occupy.

Service charge income accounted for on a quarterly basis as service charge expenditure is incurred and is show net of VAT. Any element of the service charge that relates to a future period is deferred to that period.

Any surplus of service charge income over expenditure will be repayable to tenants and, similarly, any excess of expenditure over income is recoverable from the tenants.

Taxation

Current tax
On the basis that the company does not make a taxable profit, there is no corporation tax payable.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. Employees

	2023		2022
	Number		Number
There were no employees, other than the director, during the period.	1		1

3. Debtors

	2023		2022
	£		£
Amounts owed by Group undertakings	100		100
Other debtors	30,072		36,354
	30,172		36,454

4. Creditors: amounts falling due within one year

	2023		2022
	£		£
Trade creditors	3,600		0
Other creditors	26,472		36,354
	30,072		36,354

5. Called-up share capital

	2023		2022
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100