Company registration number 13289582 (England and Wales)
NEXT GEN COLIVING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
NEXT GEN COLIVING LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
424,777
162,151
Current assets
1,222
22,224
Prepayments and accrued income
6,940
-
0
Creditors: amounts falling due within one year
(490,585)
(199,862)
Net current liabilities
(482,423)
(177,638)
Total assets less current liabilities
(57,646)
(15,487)
Accruals and deferred income
(1,500)
(1,221)
Net liabilities
(59,146)
(16,708)
Capital and reserves
(59,146)
(16,708)
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Number
Number
Employees
2
2
2
Going concern

The directors continue to prepare the accounts on the Going Concern basis following the continued support of themselves and funders of the business for at least the next 12 months following approval of the financial statements.

3
Transition to FRS105

The company has made a transition in the year between accounting standards from FRS102A to FRS105. This has been considered and where appropriate, a restatement of the comparative period and other transitional journals considered and processed

Next Gen Coliving Limited is a private company limited by shares incorporated in England and Wales. The registered office is Richard House, 9 Winckley Square, Preston, PR1 3HP.

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

NEXT GEN COLIVING LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
31 March 2023
- 2 -

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 year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the board of directors and authorised for issue on 1 November 2023 and are signed on its behalf by:
Mr B D Collister
Director
Company registration number 13289582 (England and Wales)
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