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REGISTERED NUMBER: 04372985 (England and Wales)















Newco B Limited

Unaudited Financial Statements For The Year Ended 31 March 2024






Newco B Limited (Registered number: 04372985)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Newco B Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: T Lowe
R D P Lowe





SECRETARY: R D P Lowe





REGISTERED OFFICE: Wentworth Industrial Park
Wentworth Way
Tankersley
Barnsley
S75 3DH





REGISTERED NUMBER: 04372985 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

Newco B Limited (Registered number: 04372985)

Balance Sheet
31 March 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Investments 4 600,102 600,102

CURRENT ASSETS
Debtors 5 554,079 597,237
Cash at bank 3,428,010 3,197,239
3,982,089 3,794,476
CREDITORS
Amounts falling due within one year 6 1,875,278 1,811,942
NET CURRENT ASSETS 2,106,811 1,982,534
TOTAL ASSETS LESS CURRENT LIABILITIES 2,706,913 2,582,636

PROVISIONS FOR LIABILITIES 69,998 55,744
NET ASSETS 2,636,915 2,526,892

CAPITAL AND RESERVES
Called up share capital 7 104 104
Retained earnings 2,636,811 2,526,788
SHAREHOLDERS' FUNDS 2,636,915 2,526,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 3 December 2024 and were signed on its behalf by:





R D P Lowe - Director


Newco B Limited (Registered number: 04372985)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Newco B 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.

Preparation of consolidated financial statements
The financial statements contain information about Newco B Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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
Provision is made for the tax payable on the difference between the share of taxable profits from entities in which the company has a participating interest and the share of profits in the accounts on a cumulative basis arising from accumulated capital allowances at the current rate of corporation tax.

Investments
Investments held as fixed assets are shown at cost less provision for impairments.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Investments
in Investments
subsidiary in
companies associates Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 102 600,000 600,102
NET BOOK VALUE
At 31 March 2024 102 600,000 600,102
At 31 March 2023 102 600,000 600,102

Newco B Limited (Registered number: 04372985)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Amounts owed by group undertakings 185 185
Amounts owed by participating interests 553,894 597,052
554,079 597,237

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 1,500,310 1,500,310
Amounts owed to group undertakings 336,000 306,000
Taxation 38,968 5,632
1,875,278 1,811,942

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
104 Ordinary £1 104 104

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The amount owed by the associated undertaking to the company as at 31 March 2024 was £553,894 (2023: 598,341)