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REGISTERED NUMBER: 08957354 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

NEW VALUE ASSOCIATES LIMITED

NEW VALUE ASSOCIATES LIMITED (REGISTERED NUMBER: 08957354)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NEW VALUE ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr C Markides





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 08957354 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

NEW VALUE ASSOCIATES LIMITED (REGISTERED NUMBER: 08957354)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 107,204 120,121
Investments 5 2,043,423 2,211,492
Cash at bank 495,909 110,418
2,646,536 2,442,031
CREDITORS
Amounts falling due within one year 6 114,535 105,065
NET CURRENT ASSETS 2,532,001 2,336,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,532,001

2,336,966

PROVISIONS FOR LIABILITIES 77,680 83,983
NET ASSETS 2,454,321 2,252,983

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserves 7 233,036 358,030
Retained earnings 2,221,185 1,894,853
SHAREHOLDERS' FUNDS 2,454,321 2,252,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





Mr C Markides - Director


NEW VALUE ASSOCIATES LIMITED (REGISTERED NUMBER: 08957354)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

New Value Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced provision of services, excluding value added tax.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset as settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 107,204 120,121

5. CURRENT ASSET INVESTMENTS

Current asset investments are recognised at fair value with changes in fair value recognised in profit or loss. The changes are presented as part of 'Other income' in the Income Statement.

NEW VALUE ASSOCIATES LIMITED (REGISTERED NUMBER: 08957354)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 99,606 87,499
Other creditors 14,929 17,566
114,535 105,065

7. RESERVES
Non
distributable
reserves
£   
At 1 April 2022 358,030
Transfer to/from non-
distributable reserves (124,994 )

At 31 March 2023 233,036

8. RELATED PARTY DISCLOSURES

Included in creditors is an amount falling due within one year, is an interest free amount of £12,807 (2022: £15,586) due to the director, Mr C Markides.