Company Registration No. 10415571 (England and Wales)
NEW MEDICINE PARTNERS LIMITED
Unaudited accounts
for the year ended 31 December 2023
NEW MEDICINE PARTNERS LIMITED
Unaudited accounts
Contents
NEW MEDICINE PARTNERS LIMITED
Company Information
for the year ended 31 December 2023
Directors
Richard BARKER
Olga Yurievna SHVAROVA
Company Number
10415571 (England and Wales)
Registered Office
GROUND FLOOR
45 PALL MALL
LONDON
SW1Y 5JG
ENGLAND
Accountants
Cranleys Chartered Accountants
Winton House
Winton Square
Basingstoke
Hampshire
RG21 8EN
NEW MEDICINE PARTNERS LIMITED
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
611
604
Creditors: amounts falling due within one year
(35,342)
(16,123)
Net current (liabilities)/assets
(14,731)
4,480
Net (liabilities)/assets
(14,730)
4,481
Called up share capital
50,000
50,000
Profit and loss account
(64,730)
(45,519)
Shareholders' funds
(14,730)
4,481
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2024 and were signed on its behalf by
Olga Yurievna SHVAROVA
Director
Company Registration No. 10415571
NEW MEDICINE PARTNERS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
NEW MEDICINE PARTNERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10415571. The registered office is GROUND FLOOR, 45 PALL MALL, LONDON, SW1Y 5JG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 December 2023
21,234
At 31 December 2023
21,233
NEW MEDICINE PARTNERS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Other debtors
20,000
20,000
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
34,442
15,421
7
Transactions with related parties
Included within director's loan in an amount of £34,442 due to shareholder of the company. The loan is interest free and
repayable on demand
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).