Silverfin false false 31/08/2024 01/09/2023 31/08/2024 Matthew James Barnes 05/02/2021 Andrew Peter George 05/02/2021 Benjamen Mudge 05/02/2021 05 February 2025 The principal activity of the Company during the financial year was that of a holding company. 13181748 2024-08-31 13181748 bus:Director1 2024-08-31 13181748 bus:Director2 2024-08-31 13181748 bus:Director3 2024-08-31 13181748 2023-08-31 13181748 core:CurrentFinancialInstruments 2024-08-31 13181748 core:CurrentFinancialInstruments 2023-08-31 13181748 core:Non-currentFinancialInstruments 2024-08-31 13181748 core:Non-currentFinancialInstruments 2023-08-31 13181748 core:ShareCapital 2024-08-31 13181748 core:ShareCapital 2023-08-31 13181748 core:SharePremium 2024-08-31 13181748 core:SharePremium 2023-08-31 13181748 core:CostValuation 2023-08-31 13181748 core:CostValuation 2024-08-31 13181748 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-08-31 13181748 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-08-31 13181748 bus:OrdinaryShareClass1 2024-08-31 13181748 2023-09-01 2024-08-31 13181748 bus:FilletedAccounts 2023-09-01 2024-08-31 13181748 bus:SmallEntities 2023-09-01 2024-08-31 13181748 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 13181748 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13181748 bus:Director1 2023-09-01 2024-08-31 13181748 bus:Director2 2023-09-01 2024-08-31 13181748 bus:Director3 2023-09-01 2024-08-31 13181748 2022-09-01 2023-08-31 13181748 core:CurrentFinancialInstruments 2023-09-01 2024-08-31 13181748 core:Non-currentFinancialInstruments 2023-09-01 2024-08-31 13181748 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 13181748 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13181748 (England and Wales)

NEW WORLD HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

NEW WORLD HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

NEW WORLD HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 August 2024
NEW WORLD HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 1,434,735 1,434,735
1,434,735 1,434,735
Creditors: amounts falling due within one year 4 ( 446,112) ( 446,112)
Net current liabilities (446,112) (446,112)
Total assets less current liabilities 988,623 988,623
Creditors: amounts falling due after more than one year 5 ( 341,223) ( 341,223)
Net assets 647,400 647,400
Capital and reserves
Called-up share capital 6 117 117
Share premium account 647,283 647,283
Total shareholders' funds 647,400 647,400

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of New World Holdings Limited (registered number: 13181748) were approved and authorised for issue by the Board of Directors on 05 February 2025. They were signed on its behalf by:

Matthew James Barnes
Director
NEW WORLD HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
NEW WORLD HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

New World Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit E Hill Barton Business Park Sidmouth Road, Clyst St Mary, Exeter, EX5 1DR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 September 2023 1,434,735
At 31 August 2024 1,434,735
Carrying value at 31 August 2024 1,434,735
Carrying value at 31 August 2023 1,434,735

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to own subsidiaries 377,868 377,868
Other loans 68,244 68,244
446,112 446,112

There are no amounts included above in respect of which any security has been given by the small entity.

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans 341,223 341,223

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
117 Ordinary shares of £ 1.00 each 117 117

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Dividends 146,502 577,500