Registered number: 12111072 | ||||||||
FOR THE YEAR ENDED 31 JULY 2023 | ||||||||
Prepared By: | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
New Frontier Holdings Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 JULY 2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 12111072 | ||||||||
ACCOUNTANTS | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
New Frontier Holdings Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 JULY 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
New Frontier Holdings Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
Investment Assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
381,897 | 298,441 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 219,049 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Share premium account | 8 | |||||||||
Profit and loss account | (895,667) | (700,323) | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
New Frontier Holdings Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 JULY 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% |
1c. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. |
1d. Investments | ||||||||
Fixed asset investments are shown at cost less impairment. |
1e. Statutory Information | ||||||||
New Frontier Holdings Ltd is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 12111072 and registered office address is First Floor 690 Great West Road, Osterley Village, Isleworth, England, TW7 4PU. |
1f. Financial Instruments | ||||||||
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | - | |||||
New Frontier Holdings Ltd | ||||||||
3. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery | Total | |||
£ | £ | |||
Cost | ||||
At 1 August 2022 | 2,830 | 2,830 | ||
At 31 July 2023 | 2,830 | 2,830 | ||
Depreciation | ||||
At 1 August 2022 | 1,452 | 1,452 | ||
For the year | 344 | 344 | ||
At 31 July 2023 | 1,796 | 1,796 | ||
Net Book Amounts | ||||
At 31 July 2023 | 1,034 | |||
At 31 July 2022 | 1,378 | |||
4. FINANCIAL ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 1 August 2022 | 5,000 | 5,000 | |||||||
At 31 July 2023 | 5,000 | 5,000 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31 July 2023 | 5,000 | 5,000 | |||||||
At 31 July 2022 | 5,000 | 5,000 | |||||||
New Frontier Holdings Ltd owns 100% of the shares in Frontier Botanics Ltd. | |||||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Other debtors | 230,121 | 214,948 | ||||||
Amounts due from group companies | 149,716 | 83,384 | ||||||
Prepayments | 109 | 109 | ||||||
379,946 | 298,441 | |||||||
New Frontier Holdings Ltd | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Directors current account | 5,282 | 8,979 | ||||||
Bank loans and overdrafts | - | 5 | ||||||
Bank Loan | 6,954 | 9,616 | ||||||
Loans | 38,110 | 40,000 | ||||||
Other creditors | 38,832 | 19,724 | ||||||
Accruals | 2,868 | 1,068 | ||||||
92,046 | 79,392 | |||||||
7. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
6,596 | 6,191 | |||||||
6,596 | 6,191 | |||||||
New shares issued during period: | ||||||||
4,050,300 | 405 | 591 | ||||||
405 | 591 | |||||||
8. SHARE PREMIUM ACCOUNT | 2023 | 2022 | ||||
£ | £ | |||||
Share premium account | 1,184,956 | 919,559 |
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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