Registered number
07141347
Newsure Group Limited
Filleted Accounts
31 December 2024
Newsure Group Limited
Registered number: 07141347
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 169,585 180,000
Investments 4 234,524 234,524
404,109 414,524
Current assets
Debtors 5 77,983 117,417
Cash at bank and in hand 5,337 6,735
83,320 124,152
Creditors: amounts falling due within one year 6 (1,801) (51,600)
Net current assets 81,519 72,552
Total assets less current liabilities 485,628 487,076
Creditors: amounts falling due after more than one year 7 (195,000) (195,000)
Net assets 290,628 292,076
Capital and reserves
Called up share capital 69,633 69,633
Share premium 220,511 220,511
Profit and loss account 484 1,932
Shareholders' funds 290,628 292,076
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Best
Director
Approved by the board on 10 February 2025
Newsure Group Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value of services provided to the company's subsidiary.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 928,039
Additions 24,232
At 31 December 2024 952,271
Amortisation
At 1 January 2024 748,039
Provided during the year 34,647
At 31 December 2024 782,686
Net book value
At 31 December 2024 169,585
At 31 December 2023 180,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 7 years.
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2024 234,524
At 31 December 2024 234,524
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 77,983 117,417
6 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 1,801 -
Other creditors - 51,600
1,801 51,600
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 195,000 195,000
8 Other information
Newsure Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
Invicta House
Amherst Hill
Riverhead
Kent
TN13 2EL
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