2023-07-01 13900932 2024-06-30 13900932 2023-07-01 2024-06-30 13900932 2023-06-30 13900932 2022-02-08 2023-06-30 13900932 uk-core:WithinOneYear 2023-06-30 13900932 uk-core:WithinOneYear 2024-06-30 13900932 uk-core:ShareCapital 2024-06-30 13900932 uk-core:ShareCapital 2023-06-30 13900932 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 13900932 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 13900932 uk-bus:Director1 2023-07-01 2024-06-30 13900932 uk-bus:Director2 2023-07-01 2024-06-30 13900932 uk-core:OfficeEquipment 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure 13900932 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13900932 uk-bus:FRS102 2023-07-01 2024-06-30 13900932 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 13900932 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
New Avenues Partnership Limited
Registered Number:13900932
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2024
New Avenues Partnership Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
13900932
As at 30 June 2024
New Avenues Partnership Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,611
653
2
1,611
653
Current assets
Trade and other receivables
(720)
43,278
3
60,504
Cash and cash equivalents
38,860
82,138
59,784
Trade and other payables: amounts falling due within one year
(35,672)
(29,184)
4
24,112
52,954
Net current assets
Total assets less current liabilities
54,565
24,765
54,565
Net assets
24,765
Capital and reserves
Called up share capital
100
100
Retained earnings
54,465
24,665
54,565
24,765
Shareholders' funds
For the year ended 30 June 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Miss Ella Julie Graham Director
Mr Stuart Gordon Duthie Director
These financial statements were approved and authorised for issue by the Board on 26 March 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2024
New Avenues Partnership Limited
Notes to the Financial Statements
Statutory Information
New Avenues Partnership Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 13900932.
Registered address:
7 Bell Yard
London
England
WC2A 2JR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33.33% Straight line
Computer Equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will not be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it
relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the rates and laws that have been enacted or substantively enacted
by the Statement of Financial Position date.
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5
For the year ended 30 June 2024
New Avenues Partnership Limited
Notes to the Financial Statements Continued
Impairment of Assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an
impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and
compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its
recoverable amount and an impairment loss is recognised immediately in the profit or loss.
If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its
recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised in
prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss.
Financial Instruments
Basic financial instruments that are payable or receivable within one year, typically trade creditors and debtors, are measured
initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received
less impairment losses for bad and doubtful debts.
2. Property, plant and equipment
Computer
Equipment
£
Cost or valuation
At 01 July 2023
980
1,357
Additions
At 30 June 2024
2,337
Provision for depreciation and impairment
At 01 July 2023
327
Charge for year
399
At 30 June 2024
726
At 30 June 2024
Net book value
1,611
At 30 June 2023
653
3. Trade and other receivables
2023
2024
£
£
Trade debtors
43,278
(720)
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6
For the year ended 30 June 2024
New Avenues Partnership Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
1,182
-
Taxation and social security
22,578
30,788
Accruals and deferred income
2,205
900
Directors' loan accounts
2,609
2,609
Other creditors
610
1,375
29,184
35,672
5. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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