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Company No: 08614331 (England and Wales)

NEW RESOLVE (UK) LIMITED

Unaudited Financial Statements
For the financial period from 01 August 2024 to 30 April 2025
Pages for filing with the registrar

NEW RESOLVE (UK) LIMITED

Unaudited Financial Statements

For the financial period from 01 August 2024 to 30 April 2025

Contents

NEW RESOLVE (UK) LIMITED

BALANCE SHEET

As at 30 April 2025
NEW RESOLVE (UK) LIMITED

BALANCE SHEET (continued)

As at 30 April 2025
Note 30.04.2025 31.07.2024
£ £
Fixed assets
Tangible assets 3 0 106
0 106
Current assets
Cash at bank and in hand 11,277 18,328
11,277 18,328
Creditors: amounts falling due within one year 4 ( 7,994) ( 7,895)
Net current assets 3,283 10,433
Total assets less current liabilities 3,283 10,539
Net assets 3,283 10,539
Capital and reserves
Called-up share capital 5 1,000 1,000
Profit and loss account 2,283 9,539
Total shareholders' funds 3,283 10,539

For the financial period ending 30 April 2025 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 15 May 2025. They were signed on its behalf by:

Mr G Reynolds
Director
NEW RESOLVE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 August 2024 to 30 April 2025
NEW RESOLVE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 August 2024 to 30 April 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period 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

In 2025 the directors made the decision that the Company would cease trading . The transfer was finalised in April 2025. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

Reporting period length

The reporting period length has been reduced to 9 months as the company is ceasing. As a result of this the amounts in the profit and loss relate to a 9 month period and are not directly comparable to the prior year figures.

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

Period from
01.08.2024 to
30.04.2025
Year ended
31.07.2024
Number Number
Monthly average number of persons employed by the Company during the period, including directors 1 1

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 August 2024 1,215 1,215
Disposals ( 1,215) ( 1,215)
At 30 April 2025 0 0
Accumulated depreciation
At 01 August 2024 1,109 1,109
Disposals ( 1,109) ( 1,109)
At 30 April 2025 0 0
Net book value
At 30 April 2025 0 0
At 31 July 2024 106 106

4. Creditors: amounts falling due within one year

30.04.2025 31.07.2024
£ £
Amounts owed to directors 7,215 5,552
Accruals 0 1,450
Taxation and social security 779 893
7,994 7,895

5. Called-up share capital

30.04.2025 31.07.2024
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000