Company Registration No. 12098449 (England and Wales)
NEW PATH RESIDENTIAL LTD
accounts
for the year ended 30 June 2024
NEW PATH RESIDENTIAL LTD
accounts
Contents
NEW PATH RESIDENTIAL LTD
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
1,113,183
358,961
Creditors: amounts falling due within one year
(437,600)
(136,928)
Net current assets
675,955
222,033
Net assets
1,112,237
222,033
Called up share capital
1
1
Profit and loss account
1,112,236
222,032
Shareholders' funds
1,112,237
222,033
For the year ending 30 June 2024 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 director acknowledges her 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 and authorised for issue on 24 December 2024 and were signed on its behalf by
Saima Munir Raja
Director
Company Registration No. 12098449
NEW PATH RESIDENTIAL LTD
Notes to the Accounts
for the year ended 30 June 2024
NEW PATH RESIDENTIAL LTD is a private company, limited by shares, registered in England and Wales, registration number 12098449. The registered office is 475 Victoria Avenue, Southend-On-Sea, SS2 6NJ, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
421,172
1,796
17,091
440,059
At 30 June 2024
421,172
1,796
17,091
440,059
Charge for the year
-
359
3,418
3,777
At 30 June 2024
-
359
3,418
3,777
At 30 June 2024
421,172
1,437
13,673
436,282
Amounts falling due within one year
NEW PATH RESIDENTIAL LTD
Notes to the Accounts
for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
349,252
57,239
Loans from directors
83,209
-
7
Average number of employees
During the year the average number of employees was 44 (2023: 31).