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REGISTERED NUMBER: 14309126 (England and Wales)















Unaudited Financial Statements

for the Period 22 August 2022 to 31 May 2023

for

New Origin Ltd

New Origin Ltd (Registered number: 14309126)






Contents of the Financial Statements
for the Period 22 August 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Origin Ltd

Company Information
for the Period 22 August 2022 to 31 May 2023







DIRECTORS: A Z Gordon
Ms K Misgav Ristvedt
D M Thompson





REGISTERED OFFICE: 15 Brookfield Park
London
NW5 1ES





REGISTERED NUMBER: 14309126 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

New Origin Ltd (Registered number: 14309126)

Balance Sheet
31 May 2023

Notes £   
CURRENT ASSETS
Debtors 4 24,007
Cash at bank 28,777
52,784
CREDITORS
Amounts falling due within one year 5 4,165
NET CURRENT ASSETS 48,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,619

CREDITORS
Amounts falling due after more than
one year

6

125,000
NET LIABILITIES (76,381 )

CAPITAL AND RESERVES
Called up share capital 3
Retained earnings (76,384 )
(76,381 )

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

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

The directors acknowledge their 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.

New Origin Ltd (Registered number: 14309126)

Balance Sheet - continued
31 May 2023


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 Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





A Z Gordon - Director


New Origin Ltd (Registered number: 14309126)

Notes to the Financial Statements
for the Period 22 August 2022 to 31 May 2023

1. STATUTORY INFORMATION

New Origin Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover for production services represents amounts to which the company is entitled for services provided, and is stated after trade discounts, other taxes, and net of VAT.

Production funding represents the value of the work done in the period in relation to the production of films, including estimates of amounts not invoiced, and is stated after trade discounts, other taxes, and net of VAT.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation
Taxation for the period 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 balance sheet date.


New Origin Ltd (Registered number: 14309126)

Notes to the Financial Statements - continued
for the Period 22 August 2022 to 31 May 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Creditors
Short-term creditors are measured at transaction price.
Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Where amounts are repayable on demand or within one year, they are measured at an undiscounted value.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
Thus, the directors continue to adopt the going concern basis of accounting in preparing financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 6,000
Other debtors 2,778
VAT 15,229
24,007

New Origin Ltd (Registered number: 14309126)

Notes to the Financial Statements - continued
for the Period 22 August 2022 to 31 May 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,895
Social security and other taxes 598
Other creditors 672
4,165

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Other creditors 125,000

7. RELATED PARTY DISCLOSURES

During the period all related party transactions related to the production activities arose on an arm's-length basis through the normal course of business.
As such, no transactions with related parties were undertaken such as are required to be disclosed under the FRS 102 Section 1A.