Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Mrs A Reynolds 18/07/2013 Mr G Reynolds 18/07/2013 23 April 2025 The principal activity of the company during the financial year was provision of coaching services. 08614331 2024-07-31 08614331 bus:Director1 2024-07-31 08614331 bus:Director2 2024-07-31 08614331 2023-07-31 08614331 core:CurrentFinancialInstruments 2024-07-31 08614331 core:CurrentFinancialInstruments 2023-07-31 08614331 core:ShareCapital 2024-07-31 08614331 core:ShareCapital 2023-07-31 08614331 core:RetainedEarningsAccumulatedLosses 2024-07-31 08614331 core:RetainedEarningsAccumulatedLosses 2023-07-31 08614331 core:FurnitureFittings 2023-07-31 08614331 core:FurnitureFittings 2024-07-31 08614331 bus:OrdinaryShareClass1 2024-07-31 08614331 2023-08-01 2024-07-31 08614331 bus:FilletedAccounts 2023-08-01 2024-07-31 08614331 bus:SmallEntities 2023-08-01 2024-07-31 08614331 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 08614331 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08614331 bus:Director1 2023-08-01 2024-07-31 08614331 bus:Director2 2023-08-01 2024-07-31 08614331 core:FurnitureFittings 2023-08-01 2024-07-31 08614331 2022-08-01 2023-07-31 08614331 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 08614331 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08614331 (England and Wales)

NEW RESOLVE (UK) LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

NEW RESOLVE (UK) LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

NEW RESOLVE (UK) LIMITED

BALANCE SHEET

As at 31 July 2024
NEW RESOLVE (UK) LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 106 143
106 143
Current assets
Debtors 4 0 1,645
Cash at bank and in hand 18,328 28,240
18,328 29,885
Creditors: amounts falling due within one year 5 ( 7,895) ( 21,590)
Net current assets 10,433 8,295
Total assets less current liabilities 10,539 8,438
Net assets 10,539 8,438
Capital and reserves
Called-up share capital 6 1,000 1,000
Profit and loss account 9,539 7,438
Total shareholders' funds 10,539 8,438

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of New Resolve (UK) Limited (registered number: 08614331) were approved and authorised for issue by the Board of Directors on 23 April 2025. They were signed on its behalf by:

Mr G Reynolds
Director
NEW RESOLVE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
NEW RESOLVE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

New Resolve (UK) 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 Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 August 2023 1,215 1,215
At 31 July 2024 1,215 1,215
Accumulated depreciation
At 01 August 2023 1,072 1,072
Charge for the financial year 37 37
At 31 July 2024 1,109 1,109
Net book value
At 31 July 2024 106 106
At 31 July 2023 143 143

4. Debtors

2024 2023
£ £
Trade debtors 0 1,645

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 5,552 21,235
Accruals 1,450 1,800
Taxation and social security 893 ( 1,445)
7,895 21,590

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000