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REGISTERED NUMBER: 08956260 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

NEWSBRIDGE HOLDINGS LIMITED

NEWSBRIDGE HOLDINGS LIMITED (REGISTERED NUMBER: 08956260)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEWSBRIDGE HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTORS: S M Thomson
Mrs S J Thomson





SECRETARY:





REGISTERED OFFICE: 58 Southwark Bridge Road
LONDON
SE1 0AS





REGISTERED NUMBER: 08956260 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

NEWSBRIDGE HOLDINGS LIMITED (REGISTERED NUMBER: 08956260)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,799 2,799

CURRENT ASSETS
Debtors 5 2,035 2,000
Cash at bank 2 37
2,037 2,037
CREDITORS
Amounts falling due within one year 6 782 782
NET CURRENT ASSETS 1,255 1,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,054

4,054

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 2,054 2,054
SHAREHOLDERS' FUNDS 4,054 4,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





S M Thomson - Director


NEWSBRIDGE HOLDINGS LIMITED (REGISTERED NUMBER: 08956260)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Newsbridge Holdings 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.

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.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other debtors and other creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments/receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised costs using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 2,799
NET BOOK VALUE
At 29 February 2024 2,799
At 28 February 2023 2,799

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed by group undertakings 2,035 2,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 782 782

NEWSBRIDGE HOLDINGS LIMITED (REGISTERED NUMBER: 08956260)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

7. RELATED PARTY DISCLOSURES

As at 29 February 2024 one of the company's subsidiaries owes the company £2,035 (2023: £2,000). This is shown within Debtors: Amounts owed by group undertakings. No interest is charged on the loan.

In addition, as at 29 February 2024 the company owed the directors £782 (2023: £782). This is shown within creditors: Amounts falling due within one year. No interest is payable on the loan.

8. DIVIDENDS

During the period dividends of £Nil (2023: £225,000 were paid). No other movements in retained earning arose in the current or proceeding year.