0 30 August 2024 false false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04645544 2022-09-01 2023-08-31 04645544 2023-08-31 04645544 2022-08-31 04645544 2021-09-01 2022-08-31 04645544 2022-08-31 04645544 2021-08-31 04645544 bus:Director4 2022-09-01 2023-08-31 04645544 core:WithinOneYear 2023-08-31 04645544 core:WithinOneYear 2022-08-31 04645544 core:ShareCapital 2023-08-31 04645544 core:ShareCapital 2022-08-31 04645544 core:RetainedEarningsAccumulatedLosses 2023-08-31 04645544 core:RetainedEarningsAccumulatedLosses 2022-08-31 04645544 bus:SmallEntities 2022-09-01 2023-08-31 04645544 bus:Audited 2022-09-01 2023-08-31 04645544 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 04645544 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 04645544 bus:FullAccounts 2022-09-01 2023-08-31
COMPANY REGISTRATION NUMBER: 04645544
NEWLANDS MANAGEMENT LIMITED
FILLETED FINANCIAL STATEMENTS
31 August 2023
NEWLANDS MANAGEMENT LIMITED
STATEMENT OF FINANCIAL POSITION
31 August 2023
2023
2022
Note
£
£
£
Current assets
Debtors
4
26,615
34,861
Creditors: amounts falling due within one year
5
26,575
34,821
---------
---------
Net current assets
40
40
----
----
Total assets less current liabilities
40
40
----
----
Net assets
40
40
----
----
Capital and reserves
Called up share capital
4
4
Profit and loss account
36
36
----
----
Shareholders funds
40
40
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 30 August 2024 , and are signed on behalf of the board by:
S Ali
Director
Company registration number: 04645544
NEWLANDS MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Castle House, 69 - 70 Victoria Street, Englefield Green, Egham, Surrey, TW20 OQX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In accordance with their responsibilities, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements. For this purpose, the directors have considered the adequacy of the company's cash resources covering the period 12 months ahead of the approval of these financial statements. The directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing these financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Debtors
2023
2022
£
£
Amounts due from related parties
26,615
34,861
---------
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
680
Other creditors
25,895
34,821
---------
---------
26,575
34,821
---------
---------
6. Summary audit opinion
The auditor's report dated 30 August 2024 was unqualified .
The senior statutory auditor was Charles Homan , for and on behalf of UHY Hacker Young (S.E.) Limited .
7. Related party transactions
At 31 August 2023, debtors include amounts due from related parties amounting to £26,615 (2022: £34,861), in respect of a loan to a company under common control. The loan is interest free, unsecured and repayable on demand.