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REGISTERED NUMBER: 10004028 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 MAY 2024 TO 28 FEBRUARY 2025

FOR

NEW ENGLANDERS LTD

NEW ENGLANDERS LTD (REGISTERED NUMBER: 10004028)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2024 TO 28 FEBRUARY 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


NEW ENGLANDERS LTD (REGISTERED NUMBER: 10004028)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £   
CURRENT ASSETS
Debtors 5 107 -
Cash at bank - 83,648
107 83,648
CREDITORS
Amounts falling due within one year 6 - 3,129
NET CURRENT ASSETS 107 80,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

107

80,519

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 7 80,419
SHAREHOLDERS' FUNDS 107 80,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2025 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 ENGLANDERS LTD (REGISTERED NUMBER: 10004028)

BALANCE SHEET - continued
28 FEBRUARY 2025


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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:





Mr M Piccinini - Director


NEW ENGLANDERS LTD (REGISTERED NUMBER: 10004028)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2024 TO 28 FEBRUARY 2025


1. STATUTORY INFORMATION

New Englanders Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10004028

Registered office: 53 Gildredge Road
Eastbourne
East Sussex
BN21 4SF

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared on a cessation basis due to the directors' decision to close the company on 28 February 2025.

NEW ENGLANDERS LTD (REGISTERED NUMBER: 10004028)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2024 TO 28 FEBRUARY 2025


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


NEW ENGLANDERS LTD (REGISTERED NUMBER: 10004028)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2024 TO 28 FEBRUARY 2025


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Directors' current accounts 11 -
Tax 96 -
107 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Corporation tax - 96
Directors' current accounts - 2,025
Accruals and deferred income - 1,008
- 3,129

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
98 Ordinary A £1 98 98
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
100 100

NEW ENGLANDERS LTD (REGISTERED NUMBER: 10004028)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2024 TO 28 FEBRUARY 2025


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 28 February 2025 and the year ended 30 April 2024:

2025 2024
£    £   
Ms D Piccinini
Balance outstanding at start of period (1,308 ) (1,308 )
Amounts advanced 3,011 -
Amounts repaid (1,694 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 9 (1,308 )

Mr M Piccinini
Balance outstanding at start of period (717 ) (717 )
Amounts advanced 18,469 -
Amounts repaid (17,750 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 2 (717 )