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Registered number: 09760733
NEWINCCO 1389 LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024
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NEWINCCO 1389 LIMITED
REGISTERED NUMBER: 09760733
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Net current assets/(liabilities)
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Total assets less current liabilities
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NEWINCCO 1389 LIMITED
REGISTERED NUMBER: 09760733
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 4 form part of these financial statements.
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NEWINCCO 1389 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Newincco 1389 Limited is a private limited company limited by shares incorporated in England and Wales. The Registered Office is 42-44 Great Windmill Street, London, W1D 7NB. The entity operates in the restaurant sector.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The directors have elected to not produce consolidated accounts as this is a small group.
The following principal accounting policies have been applied:
The directors have reviewed the company's liabilities over the next 12 months and consider the
business to be a going concern. They will continue to support the company as required along with steps taken by management to ensure that all financial commitments can be met when they fall due. Newinnco 1389 Limited has control over the group and the directors do not plan to recall the debts for a minimum of 12 months from the signing of these accounts.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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The following were subsidiary undertakings of the Company:
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42-44 Great Windmill Street, London, United Kingdom, W1D 7NB
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42-44 Great Windmill Street, London, United Kingdom, W1D 7NB
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NEWINCCO 1389 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Amounts owed by group undertakings
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Allotted, called up and fully paid
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3,040,004 (2023 - 1,520,002) Ordinary shares of £1.00 each
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On 27 August 2024, the Company issued 1,520,002 £1 Ordinary Shares at a premium of £1.07 per share.
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Related party transactions
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As at the year end the company owed £1,400,000 (2023: £1,400,000) to Ruso Limited, a connected company. However, the company was owed £3,041,015 (2023: £Nil), therefore giving an overall net balance owed to the company of £1,641,015 from Ruso Limited. The company was also owed £106,999 from Sophie's Soho Ltd, another connected company.
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The ultimate controlling party is Mr R Power.
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