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Registration number: 06817314

The Newton Clarke Partnership Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 June 2023

 

The Newton Clarke Partnership Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

The Newton Clarke Partnership Limited

(Registration number: 06817314)
Abridged Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

37,272

43,484

Tangible assets

5

1,137,013

1,067,300

 

1,174,285

1,110,784

Current assets

 

Stocks

70,115

68,585

Debtors

1,009,682

824,089

Cash at bank and in hand

 

586,186

428,964

 

1,665,983

1,321,638

Creditors: Amounts falling due within one year

6

(531,445)

(386,726)

Net current assets

 

1,134,538

934,912

Total assets less current liabilities

 

2,308,823

2,045,696

Creditors: Amounts falling due after more than one year

7

(576,503)

(635,828)

Provisions for liabilities

(37,640)

(38,343)

Net assets

 

1,694,680

1,371,525

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

1,694,580

1,371,425

Total equity

 

1,694,680

1,371,525

 

The Newton Clarke Partnership Limited

(Registration number: 06817314)
Abridged Balance Sheet as at 30 June 2023

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 19 February 2024
 

Mr M Saunders

Director

 

The Newton Clarke Partnership Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

The principal place of business is:
Swan House Animal Hospital
Lower Acreman Street
Sherborne
Dorset
DT9 3EX

These financial statements were authorised for issue by the director on 19 February 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

The Newton Clarke Partnership Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

2% straight line

Leasehold improvements

10% straight line

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Office Equipment

15% reducing balance

Fixtures and Fittings

33% straight line

Investment property

Investment property is carried at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 37 (2022 - 33).

 

The Newton Clarke Partnership Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

4

Intangible assets

Total
£

Cost or valuation

At 1 July 2022

124,250

At 30 June 2023

124,250

Amortisation

At 1 July 2022

80,766

Amortisation charge

6,212

At 30 June 2023

86,978

Carrying amount

At 30 June 2023

37,272

At 30 June 2022

43,484

5

Tangible assets

Total
£

Cost or valuation

At 1 July 2022

1,472,323

Additions

109,708

At 30 June 2023

1,582,031

Depreciation

At 1 July 2022

405,023

Charge for the year

39,995

At 30 June 2023

445,018

Carrying amount

At 30 June 2023

1,137,013

At 30 June 2022

1,067,300

6

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £53,600 (2022 - £67,800).

7

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £576,505 (2022 - £635,828).

Creditors include bank loans repayable by instalments of £362,104 (2022 - £364,627) due after more than five years.

 

The Newton Clarke Partnership Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £10,327 (2022 - £16,524).

9

Related party transactions

Included within other debtors is the balance of £922,070 (2022 - £739,830), being the amount owed by Newton Clarke Holdings Limited, a company owned by the Director.

Advances to directors


Mr M Saunders

During the period Mr M Saunders went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £20,269 (2022 - £Nil). At the year end the amount outstanding from Mr M Saunders was £Nil (2022 - £-). Interest has been charged at the commercial rate.