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REGISTERED NUMBER: 09500257 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

New Town (Essex) Ltd

New Town (Essex) Ltd (Registered number: 09500257)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Town (Essex) Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: T Koo





REGISTERED OFFICE: The Coach House
1 Howard Road
Reigate
Surrey
RH2 7JE





REGISTERED NUMBER: 09500257 (England and Wales)





ACCOUNTANTS: ACL & Co
Chartered Certified Accountants
The Coach House
1 Howard Road
Reigate
RH2 7JE

New Town (Essex) Ltd (Registered number: 09500257)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 777 8,432
Tangible assets 5 7,398 4,552
8,175 12,984

CURRENT ASSETS
Stocks 1,500 -
Cash at bank and in hand 25,539 4,099
27,039 4,099
CREDITORS
Amounts falling due within one year 6 26,041 9,684
NET CURRENT ASSETS/(LIABILITIES) 998 (5,585 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,173

7,399

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9,172 7,398
SHAREHOLDERS' FUNDS 9,173 7,399

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

New Town (Essex) Ltd (Registered number: 09500257)

Balance Sheet - continued
31 May 2024


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 director and authorised for issue on 7 February 2025 and were signed by:





T Koo - Director


New Town (Essex) Ltd (Registered number: 09500257)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

New Town (Essex) Ltd 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - not provided
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at lower of cost and net realisable value.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - NIL ) .

New Town (Essex) Ltd (Registered number: 09500257)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 11,500
AMORTISATION
At 1 June 2023 3,068
Charge for year 7,655
At 31 May 2024 10,723
NET BOOK VALUE
At 31 May 2024 777
At 31 May 2023 8,432

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 June 2023 4,552 - 4,552
Additions - 3,795 3,795
At 31 May 2024 4,552 3,795 8,347
DEPRECIATION
Charge for year - 949 949
At 31 May 2024 - 949 949
NET BOOK VALUE
At 31 May 2024 4,552 2,846 7,398
At 31 May 2023 4,552 - 4,552

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Tax 3,679 -
VAT 12,156 -
Other creditors 74 -
Directors' current accounts 7,218 9,534
Accrued expenses 2,914 150
26,041 9,684

New Town (Essex) Ltd (Registered number: 09500257)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. ULTIMATE CONTROLLING PARTY

The controlling party is T Koo.