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COMPANY REGISTRATION NUMBER: 08667111
News Agency Limited
Filleted Unaudited Financial Statements
31 August 2021
News Agency Limited
Statement of Financial Position
31 August 2021
2021
2020
Note
Current assets
Debtors
4
1,160
1,160
Investments
5
284,000
815,800
---------
---------
285,160
816,960
Creditors: amounts falling due within one year
6
321,673
851,255
---------
---------
Net current liabilities
36,513
34,295
--------
--------
Total assets less current liabilities
( 36,513)
( 34,295)
--------
--------
Net liabilities
( 36,513)
( 34,295)
--------
--------
Capital and reserves
Called up share capital
1,160
1,160
Profit and loss account
( 37,673)
( 35,455)
--------
--------
Shareholders deficit
( 36,513)
( 34,295)
--------
--------
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 August 2021 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 11 August 2022 , and are signed on behalf of the board by:
Lazaros Ioannou
Director
Company registration number: 08667111
News Agency Limited
Notes to the Financial Statements
Year ended 31 August 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Princeton Mews, 167-169 London Road, Kingston Upon Thames, Surrey, KT2 6PT.
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 euro, which is the functional currency of the entity.
4. Debtors
2021
2020
Other debtors
1,160
1,160
-------
-------
5. Investments
2021
2020
Investments in group undertakings
284,000
815,800
---------
---------
The company owns 34.81% of the issued share capital of D.G Newsagency S.A, a Greek company with G.C.R. number 134596701000. The director is of the opinion that no provision is required against the investment.
6. Creditors: amounts falling due within one year
2021
2020
Amounts owed to undertakings in which the company has a participating interest
310,450
842,250
Accruals and deferred income
1,406
2,691
Other creditors
9,817
6,314
---------
---------
321,673
851,255
---------
---------