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REGISTERED NUMBER: 10995761 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Newley Group Limited

Newley Group Limited (Registered number: 10995761)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Newley Group Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: D P Ridley





SECRETARY: D P Ridley





REGISTERED OFFICE: 18 Chelsea Crescent
Chelsea Harbour
London
SW10 0XB





REGISTERED NUMBER: 10995761 (England and Wales)





ACCOUNTANTS: King Hope
Chartered Accountants
34 Romanby Road
NORTHALLERTON
North Yorkshire
DL7 8NF

Newley Group Limited (Registered number: 10995761)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 99,187 77,752
Cash at bank 646 311
99,833 78,063
CREDITORS
Amounts falling due within one year 5 (520,968 ) (434,890 )
NET CURRENT LIABILITIES (421,135 ) (356,827 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(421,135

)

(356,827

)

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings (421,137 ) (356,829 )
SHAREHOLDERS' FUNDS (421,135 ) (356,827 )

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

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

The director acknowledges his 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.

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 director and authorised for issue on 22 July 2024 and were signed by:





D P Ridley - Director


Newley Group Limited (Registered number: 10995761)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Newley Group Limited 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.

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 represents fees receivable stated net of selling commisions and other agency fees paid. The company is not registered for value added tax.

Taxation
Taxation for the year 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.

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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Website costs
The costs of website and app development are written off to the income statement as incurred unless there is a reasonable likelihood that an income stream will be generated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Newley Group Limited (Registered number: 10995761)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Deferred tax asset
Unused tax losses 99,187 77,752
99,187 77,752

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 276,063 220,911
Directors' current accounts 243,469 190,931
Accruals and deferred income 1,436 23,048
520,968 434,890

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

7. RELATED PARTY DISCLOSURES

At the balance sheet date the sum of £243,469 (2022: £190,931) was due to directors. Also at the balance sheet date £276,063 (2022: £220,911) was due to a former director of the company.

The controlling party is D P Ridley.