NEW WORLD TRUST

Company limited by guarantee

Company Registration Number:
05702134 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

NEW WORLD TRUST

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Income and Expenditure Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

NEW WORLD TRUST

Company limited by guarantee

Company Information

for the Period Ended 31 July 2023




Registered office: 3
The Crescent
Maidenhead
Berkshire
SL6 6AA
Company Registration Number: 05702134 (England and Wales)

NEW WORLD TRUST

Company limited by guarantee

Income and Expenditure Account

for the Period Ended 31 July 2023


Notes

2023
£

2022
£
Gross surplus or (deficit) 44,908 17,518
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 28,714 ) ( 12,458 )
Administrative Expenses ( 15,634 ) ( 12,692 )
Operating surplus or (deficit) 560 ( 7,632 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 312 ) ( 337 )
Surplus or (deficit) before tax 248 ( 7,969 )
Surplus or (deficit) for the period 248 ( 7,969 )

The notes form part of these financial statements

NEW WORLD TRUST

Company limited by guarantee

Balance sheet

As at 31 July 2023


Notes

2023
£

2022
£
Fixed assets
Total fixed assets: - -
Current assets
Stocks: 0 0
Debtors: 0 0
Cash at bank and in hand: 3,625 1,186
Total current assets: 3,625 1,186
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: ( 167,038 ) ( 160,354 )
Net current assets (liabilities): ( 163,413 ) ( 159,168 )
Total assets less current liabilities: ( 163,413 ) ( 159,168 )
Creditors: amounts falling due after more than one year: ( 5,820 ) ( 7,870 )
Total net assets (liabilities): ( 169,233 ) ( 167,038 )

The notes form part of these financial statements

NEW WORLD TRUST

Company limited by guarantee

Balance sheet continued

As at 31 July 2023


Notes

2023
£

2022
£
Reserves
Revaluation reserve: 4 ( 169,233 ) ( 167,038 )
Members funds ( 169,233 ) ( 167,038 )

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

This report was approved by the board of directors on 17 April 2024
And Signed On Behalf Of The Board By:

Name: Siamak Chakaveh
Status: Director

The notes form part of these financial statements

NEW WORLD TRUST

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NEW WORLD TRUST

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

NEW WORLD TRUST

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

NEW WORLD TRUST

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Revaluation reserve


2023
£
Balance at 01 August 2022 ( 167,038 )
Surplus or deficit after revaluation ( 2,195 )
Balance at 31 July 2023 ( 169,233 )