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NEW PATH ADVISORY LTD

FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2024


















Company Registration Number - 11264732

















ANDREWS & COMPANY

Accountants & Tax Consultants

N049


1.
NEW PATH ADVISORY LTD
COMPANY NUMBER - 11264732

Balance sheet as at 30 June 2024





2024
2023

Notes
£ £ £ £
FIXED ASSETS
Intangible assets 4
-
1,377





Tangible assets 5
-
959





Investments 6
90,000
90,000





90,000
92,336

Current assets




Debtors 7 713
28,179

Cash at bank and in hand
3,035
20,411




3,748
48,590
Current liabilities




Creditors - Amounts
falling due within one year 8 27,709
19,522


NET CURRENT (LIABILITIES) ASSETS

(23,961)
29,068


Total assets less current liabilities

66,039
121,404






Creditors - Amounts falling

due after more than one year 8
(18,333)
(38,333)


Net assets

47,706
83,071














2.
NEW PATH ADVISORY LTD
COMPANY NUMBER - 11264732

Balance sheet as at 30 June 2024





2024
2023

Notes
£
£
CAPITAL AND RESERVES

Called up share capital 9
100
100

Profit and Loss account

47,606
82,971


Shareholders' funds

47,706
83,071



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 30 June 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


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.


Approved by the board of directors on 20 March 2025
and signed on their behalf by:




MR A W R HILL



Director



The notes on pages 3 to 5 form an integral part of these accounts.


3.
NEW PATH ADVISORY LTD

Notes to the Financial Statements

For the year ended 30 June 2024


1. General Information

New Path Advisory Ltd is a Private Company, limited by shares, domiciled in England and Wales, registration number 11264732.


The company's registered office is Enterprise House, Ocean Village, Southampton , S014 3XB.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:


Fixtures and fittings - 25% reducing balance

Computer equipment - 33% reducing balance


3. Employees

The average number employed by the company (including directors) during the year 2024 was 2
and in the previous year 2023 was 2.

4. Fixed assets - intangible

Goodwill


Fair value £
At 1 July 2023 1,992
and 30 June 2024

Amortisation
At 1 July 2023 615
Charge for year 1,377

At 30 June 2024 1,992

Net book values

At 1 July 2023 1,377



4.
NEW PATH ADVISORY LTD

Notes to the Financial Statements

For the year ended 30 June 2024


5. Fixed assets - tangible

Fixtures

and Computer Total

Fittings equipment

-------- --------- -----
Fair value £ £ £
At 1 July 2023 1,218 1,488 2,706
Additions - 25 25



At 30 June 2024 1,218 1,513 2,731




Depreciation
At 1 July 2023 662 1,085 1,747
Charge for year 556 428 984



At 30 June 2024 1,218 1,513 2,731




Net book values
At 30 June 2024 Nil Nil Nil



At 1 July 2023 556 403 959



6. Fixed assets - investments

Unlisted

Investments

£
Cost
At 1 July 2023 90,000

and 30 June 2024



2024
2023


£
£
7. Debtors

Due within one year:



Other debtors 713
18,179
Directors' overdrawn current accounts -
10,000



713
28,179



Included in other debtors is an overdrawn current account in respect of Mr A W R Hill.
The liability under the loan at the beginning and end of the year respectively was £10,000 and £nil.
The maximum amount of the loan outstanding during the year was £10,000.




5.
NEW PATH ADVISORY LTD

Notes to the Financial Statements

For the year ended 30 June 2024




2024
2023


£
£
8. Creditors

Amounts falling due within one year:



Bank Loan 20,000
20,000
Trade creditors 1
1
Other creditors:



Corporation tax -
(1,542)
Other taxation and social security -
33
Directors' current accounts 7,708
-
Other -
1,030


27,709 19,522


Amounts falling due after one year:



Other creditors:



Bank loan 18,333
38,333




9. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



Ordinary shares of £1 each 100
100