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REGISTERED NUMBER: 08471160 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

NEW POWER HOST LIMITED

NEW POWER HOST LIMITED (REGISTERED NUMBER: 08471160)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NEW POWER HOST LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: S Whittaker
Ms Z Asztalos





SECRETARY: Ms Z Asztalos





REGISTERED OFFICE: 10 London Mews
London
W2 1HY





REGISTERED NUMBER: 08471160 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

NEW POWER HOST LIMITED (REGISTERED NUMBER: 08471160)

STATEMENT OF FINANCIAL POSITION
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,159 13,912
10,159 13,912

CURRENT ASSETS
Debtors 6 267,471 228,801
Cash at bank 124,453 46,056
391,924 274,857
CREDITORS
Amounts falling due within one year 7 198,694 211,627
NET CURRENT ASSETS 193,230 63,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,389

77,142

CREDITORS
Amounts falling due after more than one
year

8

15,660

25,780
NET ASSETS 187,729 51,362

CAPITAL AND RESERVES
Called up share capital 448 714
Capital redemption reserve 266 -
Retained earnings 187,015 50,648
SHAREHOLDERS' FUNDS 187,729 51,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

NEW POWER HOST LIMITED (REGISTERED NUMBER: 08471160)

STATEMENT OF FINANCIAL POSITION - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:




S Whittaker - Director



Ms Z Asztalos - Director


NEW POWER HOST LIMITED (REGISTERED NUMBER: 08471160)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

New Power Host Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:


Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives as indicated below:

The estimated useful lives range as follows:

Fixtures, fittings & Equipment - 20% straight line

The assets residual values, useful lives and depreciation methods are reviewed annually and adjusted accordingly if applicable.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


NEW POWER HOST LIMITED (REGISTERED NUMBER: 08471160)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the pension scheme are charged to the profit and loss in the period to which they relate to.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 12,000
AMORTISATION
At 1 October 2023
and 30 September 2024 12,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipment
£   
COST
At 1 October 2023 44,723
Additions 2,931
At 30 September 2024 47,654
DEPRECIATION
At 1 October 2023 30,811
Charge for year 6,684
At 30 September 2024 37,495
NET BOOK VALUE
At 30 September 2024 10,159
At 30 September 2023 13,912

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 133,865 103,763
Other debtors 133,606 125,038
267,471 228,801

NEW POWER HOST LIMITED (REGISTERED NUMBER: 08471160)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,119 9,870
Trade creditors (5,790 ) 10,572
Taxation and social security 60,787 42,337
Other creditors 133,578 148,848
198,694 211,627

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 15,660 25,780

9. TRANSACTIONS WITH DIRECTORS

During the period consultancy fees of £nil (2023 £24,000) were payable to a company in which a director has a material interest.

As at the balance sheet date a director was owed by the company £347 (2023- 402) This is included in other creditors.

As at the balance sheet date the company was owed £nil (2023 - £3,000) from a company that a director has a material interest.

Loans are interest free and repayable on demand.