Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-02-01No description of principal activity2 7132558 2022-02-01 2023-01-31 7132558 2021-02-01 2022-01-31 7132558 2023-01-31 7132558 2022-01-31 7132558 c:Director2 2022-02-01 2023-01-31 7132558 d:CurrentFinancialInstruments 2023-01-31 7132558 d:CurrentFinancialInstruments 2022-01-31 7132558 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 7132558 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 7132558 d:ShareCapital 2023-01-31 7132558 d:ShareCapital 2022-01-31 7132558 d:RetainedEarningsAccumulatedLosses 2023-01-31 7132558 d:RetainedEarningsAccumulatedLosses 2022-01-31 7132558 c:FRS102 2022-02-01 2023-01-31 7132558 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 7132558 c:FullAccounts 2022-02-01 2023-01-31 7132558 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 7132558 2 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 7132558









NEWPRIDE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
NEWPRIDE LIMITED
REGISTERED NUMBER: 7132558

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
209
2,169

Cash at bank and in hand
 5 
1,196
3,652

  
1,405
5,821

Creditors: amounts falling due within one year
 6 
(47,207)
(52,320)

Net current liabilities
  
 
 
(45,802)
 
 
(46,499)

Total assets less current liabilities
  
(45,802)
(46,499)

  

Net liabilities
  
(45,802)
(46,499)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(45,902)
(46,599)

  
(45,802)
(46,499)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 October 2023.


................................................
Dominique Derwa
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
NEWPRIDE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Newpride Limited is a company limited by shares incorporated in England and Wales, with its registered office at Pitt House, 120 Baker Street, London, W1U 6TU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency
The Company's functional currency is the euro. This differs from the presentational currency which is sterling.
Transactions and balances
Foreign currency transactions are translated into the presentation currency using the exchange rates at the dates of the transactions as of year end.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2

 
NEWPRIDE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
NEWPRIDE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Trade debtors
168
2,079

VAT refund
41
90

209
2,169



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,196
3,652

1,196
3,652



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Due to Director
47,207
52,320

47,207
52,320



7.


Going concern

The director has continued to support the company beyond the date of these accounts and therefore considers that the going concern basis for the presentation of these financial statements remains appropriate.

 
Page 4