Company No:
Contents
DIRECTOR | J A N Prenn (Appointed 09 August 2023) |
REGISTERED OFFICE | Unit 3 Cropmead |
Crewkerne | |
TA18 7HJ | |
United Kingdom |
COMPANY NUMBER | 15059941 (England and Wales) |
Note | 31.08.24 | |
£ | ||
Fixed assets | ||
Investments | 3 |
|
1,000,000 | ||
Current assets | ||
Debtors | 4 |
|
999,913 | ||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (1,005,779) | |
Total assets less current liabilities | (5,779) | |
Net liabilities | (
|
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Capital and reserves | ||
Called-up share capital | 6 |
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Profit and loss account | (
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Total shareholder's deficit | (
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Director's responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of New Fifty Eight Uk Holdings Limited (registered number:
J A N Prenn
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
New Fifty Eight Uk Holdings 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 Unit 3 Cropmead, Crewkerne, TA18 7HJ, United Kingdom.
The financial statements have been prepared in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements have been prepared on a going concern basis.
The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may significant cast doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
Investments in subsidiaries are measured at cost less provision for 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 09.08.23 to 31.08.24 |
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Number | |
Monthly average number of persons employed by the Company during the period |
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Investments in subsidiaries
31.08.24 | |
£ | |
Cost | |
At 09 August 2023 | 0 |
Additions |
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At 31 August 2024 |
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Carrying value at 31 August 2024 |
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31.08.24 | |
£ | |
Amounts owed by Group undertakings |
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Other debtors |
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31.08.24 | |
£ | |
Amounts owed to Group undertakings |
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Other creditors |
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31.08.24 | |
£ | |
Allotted, called-up and fully-paid | |
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The Group has taken advantage of the exemption under section 33 of FRS 102 from disclosing transactions with wholly-owned group companies.
At the year end, the Company owed £2,000,000 to the director. The loan is interest free and repayable on demand.