Company No:
Contents
Note | 31.07.2024 | |
£ | ||
Fixed assets | ||
Investments | 3 |
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1,000 | ||
Net current assets | 0 | |
Total assets less current liabilities | 1,000 | |
Net assets |
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Capital and reserves | ||
Called-up share capital | 4 |
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Total shareholders' funds |
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of CMC New Dawn Limited (registered number:
S E Fenton Laybourne
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
CMC New Dawn 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 The Meadhouse, Newlyn, Penzance, TR18 5QF, 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 £.
This is the first period of account for the company, therefore the financial statements have been drawn up for the period 18 July 2023 to 31 July 2024.
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.
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.
Period from 18.07.2023 to 31.07.2024 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Investments in subsidiaries
31.07.2024 | |
£ | |
Cost | |
At 18 July 2023 | 0 |
Additions |
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At 31 July 2024 |
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Carrying value at 31 July 2024 |
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Investments in shares
The following were investments in share in the Company:
Name of entity | Registered office | Principal activity | Class of shares |
Ownership 31.07.2024 |
Held |
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The Mead House, Mount Prospect Terrace, Newlyn, Penzance, Cornwall, TR18 5QF | The manufacture of cider and other fruit wines |
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Direct |
31.07.2024 | |
£ | |
Allotted, called-up and fully-paid | |
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In the financial period 2024 Ordinary shares were allotted with an aggregate nominal value of £998 and consideration of £998 was received.