New Beyond Limited
Unaudited Financial Statements
For the Period ended 31 December 2021
For Filing with Registrar
Company Registration No. 12852921 (England and Wales)
New Beyond Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
New Beyond Limited
Balance Sheet
As at 31 December 2021
Page 1
2021
Notes
£
£
Fixed assets
Investments
3
395,232
Current assets
Debtors
4
100
Creditors: amounts falling due within one year
5
(395,232)
Net current liabilities
(395,132)
Net assets
100
Capital and reserves
Called up share capital
6
100

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 8 September 2022 and are signed on its behalf by:
W  Dawson
Director
Company Registration No. 12852921
New Beyond Limited
Statement of Changes in Equity
For the period ended 31 December 2021
Page 2
Share capital
Notes
£
Balance at 2 September 2020
-
Period ended 31 December 2021:
Profit and total comprehensive income for the period
-
Issue of share capital
6
100
Balance at 31 December 2021
100
New Beyond Limited
Notes to the Financial Statements
For the period ended 31 December 2021
Page 3
1
Accounting policies
Company information

New Beyond Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4A King Street, London, United Kingdom, W6 0QA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Reporting period

The financial statements cover the 15 month 29 day period from incorporation to the first statutory year end of 31 December 2021. A December year end has been chosen as a sensible cut off date to align with the rest of the group.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has only basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value.

1.6
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.

New Beyond Limited
Notes to the Financial Statements (Continued)
For the period ended 31 December 2021
Page 4
2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2021
Number
Total
3
3
Fixed asset investments
2021
£
Other investments other than loans
395,232
Movements in fixed asset investments
Investments
£
Cost or valuation
At 2 September 2020
-
Additions
395,232
At 31 December 2021
395,232
Carrying amount
At 31 December 2021
395,232

On 8 September 2020, New Beyond Limited purchased 8,500 Ordinary shares in Beyond Communications for a total consideration of £395,232.

4
Debtors
2021
Amounts falling due within one year:
£
Other debtors
100
5
Creditors: amounts falling due within one year
2021
£
Amounts owed to group undertakings
395,232
New Beyond Limited
Notes to the Financial Statements (Continued)
For the period ended 31 December 2021
Page 5
6
Called up share capital
2021
2021
Ordinary share capital
Number
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
7
Related party transactions

At the year end, the company owed £395,232 to Beyond Communications Limited, a 100% owned subsidiary.

 

At the year end, the company was owed £100 from the directors of the company.

8
Parent company

The ultimate controlling parties are Nicholas Butcher and Nigel Stern by virtue of equal shareholdings of 50% each.

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