Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31After the year end, the company has issued a further 2 Ordinary shares of £1 each in exchange for 100% of the shares in a new subsidiary company. There has been no change in control of that company.true2023-04-01truefalseNo description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09660344 2023-04-01 2024-03-31 09660344 2022-04-01 2023-03-31 09660344 2024-03-31 09660344 2023-03-31 09660344 1 2023-04-01 2024-03-31 09660344 d:Director1 2023-04-01 2024-03-31 09660344 c:CurrentFinancialInstruments 2024-03-31 09660344 c:CurrentFinancialInstruments 2023-03-31 09660344 c:ShareCapital 2024-03-31 09660344 c:ShareCapital 2023-03-31 09660344 c:RetainedEarningsAccumulatedLosses 2024-03-31 09660344 c:RetainedEarningsAccumulatedLosses 2023-03-31 09660344 d:FRS102 2023-04-01 2024-03-31 09660344 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09660344 d:FullAccounts 2023-04-01 2024-03-31 09660344 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09660344 6 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09660344









NEWELL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
NEWELL LIMITED
REGISTERED NUMBER: 09660344

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
159,900
29,900

Current assets
  

Debtors: amounts falling due within one year
 5 
80,000
-

Cash at bank and in hand
 6 
100
100

Net current assets
  
 
 
80,100
 
 
100

Total assets less current liabilities
  
240,000
30,000

  

Net assets
  
240,000
30,000


Capital and reserves
  

Called up share capital 
 7 
160,000
30,000

Profit and loss account
  
80,000
-

  
240,000
30,000


Page 1

 
NEWELL LIMITED
REGISTERED NUMBER: 09660344
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 comprehensive income 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 24 January 2025.




N A Gani
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
NEWELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Newell Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 1 Commonside West, Mitcham, Surrey, CR4 4HA.
The company acts as the holding company to a group.

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 company is exempt from the requirement to prepare consolidated accounts as the group qualifies for the small companies regime, under Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 
NEWELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost and net book value


At 1 April 2023
29,900


Additions
130,000



At 31 March 2024
159,900





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
80,000
-

80,000
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
100
100

100
100


Page 4

 
NEWELL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



160,000 (2023 - 30,000) Ordinary shares of £1 each
 
160,000
30,000


During the year, the company issued 10,000 Ordinary shares of £1 each in a share for share exchange to acquire Mafnaz  Investments Limited.
During the year, the company issued 20,000 Ordinary shares of £1 each in a share for share exchange to acquire Ganco Assets Limited.
During the year, the company issued 100,000 Ordinary shares of £1 each in a share for share exchange to acquire Ganco Investments Limited.


8.


Related party transactions

The company has taken advantage of the exemption allowed by Financial Reporting Standard 102 not to disclose transactions with any wholly owned subsidiaries.


9.


Post balance sheet events

After the year end, the company has issued a further 2 Ordinary shares of £1 each in exchange for 100% of the shares in a new subsidiary company. There has been no change in control of that company.


10.


Controlling party

The company is under the control of the directors.

 
Page 5