IRIS Accounts Production v24.1.9.2 09958399 director 1.5.23 30.4.24 30.4.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099583992023-04-30099583992024-04-30099583992023-05-012024-04-30099583992022-04-30099583992022-05-012023-04-30099583992023-04-3009958399ns15:EnglandWales2023-05-012024-04-3009958399ns14:PoundSterling2023-05-012024-04-3009958399ns10:Director12023-05-012024-04-3009958399ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3009958399ns10:SmallEntities2023-05-012024-04-3009958399ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3009958399ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3009958399ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3009958399ns10:FullAccounts2023-05-012024-04-3009958399ns10:RegisteredOffice2023-05-012024-04-3009958399ns5:CurrentFinancialInstruments2024-04-3009958399ns5:CurrentFinancialInstruments2023-04-3009958399ns5:ShareCapital2024-04-3009958399ns5:ShareCapital2023-04-3009958399ns5:RetainedEarningsAccumulatedLosses2024-04-3009958399ns5:RetainedEarningsAccumulatedLosses2023-04-3009958399ns5:CostValuation2023-04-3009958399ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3009958399ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30099583991ns10:Director12023-04-30099583991ns10:Director12022-04-30099583991ns10:Director12023-05-012024-04-30099583991ns10:Director12022-05-012023-04-30099583991ns10:Director12024-04-30099583991ns10:Director12023-04-30
REGISTERED NUMBER: 09958399 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Network Group Management Limited

Network Group Management Limited (Registered number: 09958399)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Network Group Management Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J Summerfield





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 09958399 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Network Group Management Limited (Registered number: 09958399)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 47,176 47,176

CURRENT ASSETS
Debtors 5 395,839 443,973
Cash at bank 2,883 2,932
398,722 446,905
CREDITORS
Amounts falling due within one year 6 53,181 40,267
NET CURRENT ASSETS 345,541 406,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,717

453,814

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 392,617 453,714
SHAREHOLDERS' FUNDS 392,717 453,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 23 September 2024 and were signed by:





J Summerfield - Director


Network Group Management Limited (Registered number: 09958399)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Network Group Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 108 47,068 47,176
NET BOOK VALUE
At 30 April 2024 108 47,068 47,176
At 30 April 2023 108 47,068 47,176

Network Group Management Limited (Registered number: 09958399)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by group undertakings 321,441 369,575
Other debtors 74,398 74,398
395,839 443,973

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 49,635 39,195
Other creditors 3,546 1,072
53,181 40,267

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
J Summerfield
Balance outstanding at start of year (81 ) (517 )
Amounts advanced 324,493 628,749
Amounts repaid (326,868 ) (628,313 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,456 ) (81 )

At the year end, the company owed the director £2,456 (2023 £81)

8. ULTIMATE CONTROLLING PARTY

The controlling party is J Summerfield.

Network Group Management Limited

Report of the Accountants to the Director of
Network Group Management Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................