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Registered number: 13656251









NEW ADVENTURES PARTNERSHIPS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
NEW ADVENTURES PARTNERSHIPS LIMITED
REGISTERED NUMBER: 13656251

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
2,500

Bank and cash balances
  
22,695
1

  
22,695
2,501

Creditors: amounts falling due within one year
 5 
(84,258)
(2,500)

Net (liabilities)/assets
  
(61,563)
1


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
(61,564)
-

  
(61,563)
1


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 September 2024.




B Emmanus
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
NEW ADVENTURES PARTNERSHIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

New Adventures Partnerships Limited is a private company limited by shares and incorporated in England. The address of the Registered office is 124 Finchley Road, London, NW3 5JS.
 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirement through the support from its parent company. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it's financial statements. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue comprises fees received from the provision of various services and recognised over a period of the contract or when the service has been delivered and film royalties income which is recognised when received.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. 
Page 2

 
NEW ADVENTURES PARTNERSHIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to/from related parties.

  
2.8

Payment to parent charity under Gift Aid

The company has adopted a policy of paying all its taxable profit where relevant to its parent charity under deed of covenants. These payments are recognised as distributions through equity. In these circumstances an operating profit would exist at the balance sheet date , whilst no tax charge would arise on the basis that the payment under the deed of covenant is expected be made within nine months of the reporting date.
The distribution is recognised when the company has made an irrecoverable commitment to the parent charity to pay the taxable profit


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
2,500



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
81,508
-

Accruals
2,750
2,500



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1


Page 3

 
NEW ADVENTURES PARTNERSHIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Related party transactions

At the reporting date the company owed £81,854 (2023: £2,500 was owed) to New Adventures Charity, its parent company and paid a donation under the deed of covenants totalling  £Nil (2023: £53,352) to New Adventures Charity.


8.


Controlling party

The company's immediate and ultimate controlling party is New Adventures Charity, a charitable company incorporated in the United Kingdom.

9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 2 October 2024 by Andrew Thomas (senior statutory auditor) on behalf of Nyman Libson Paul LLP.

 
Page 4