1 January 2023 v2024.42.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBPSC5408692023-01-012023-12-31SC5408692023-12-31SC5408692022-12-31SC540869core:WithinOneYear2023-12-31SC540869core:WithinOneYear2022-12-31SC540869core:ShareCapital2023-12-31SC540869core:ShareCapital2022-12-31SC540869core:RetainedEarningsAccumulatedLosses2023-12-31SC540869core:RetainedEarningsAccumulatedLosses2022-12-31SC540869bus:Director12023-01-012023-12-31SC540869bus:Director22023-01-012023-12-31SC540869bus:RegisteredOffice2023-01-012023-12-31SC540869core:PlantMachinery2023-12-31SC540869core:PlantMachinery2023-01-01SC540869core:PlantMachinery2023-01-012023-12-31SC540869core:PlantMachinery2022-12-31SC54086912023-01-012023-12-31SC5408692022-08-012022-12-31SC540869countries:Scotland2023-01-012023-12-31SC540869bus:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC540869bus:PrivateLimitedCompanyLtd2023-01-012023-12-31SC540869bus:SmallEntities2023-01-012023-12-31SC540869bus:FullAccounts2023-01-012023-12-31
Company registration number:
SC540869
Newtown International Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2023
Newtown International Limited
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Tangible assets 5
59,325
 
68,625
 
Current assets    
Cash at bank and in hand
1,403
 
47,377
 
Creditors: amounts falling due within one year 6
(47,074
)
(56,220
)
Net current liabilities
(45,671
)
(8,843
)
Total assets less current liabilities 13,654   59,782  
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
13,653
 
59,781
 
Shareholders funds
13,654
 
59,782
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
16 September 2024
, and are signed on behalf of the board by:
Mrs L Swan
Mr S Swan
DirectorDirector
Company registration number:
SC540869
Newtown International Limited
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
272 Bath Street
,
Glasgow
,
G2 4JR
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2022: Nil).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2023
and
31 December 2023
93,000
 
Depreciation  
At
1 January 2023
24,375
 
Charge
9,300
 
At
31 December 2023
33,675
 
Carrying amount  
At
31 December 2023
59,325
 
At 31 December 2022
68,625
 

6 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
11,960
 
12,992
 
Taxation and social security
18,576
 
21,242
 
Other creditors
16,538
 
21,986
 
47,074
 
56,220