COMPANY REGISTRATION NUMBER:
09973857
|
Newcrest Ebbsfleet Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Newcrest Ebbsfleet Limited |
|
|
Statement of Financial Position |
|
30 September 2024
Fixed assets
Current assets
|
Stocks |
65,669 |
|
65,669 |
|
Debtors |
6 |
– |
|
27,076 |
|
Cash at bank and in hand |
860,013 |
|
694,385 |
|
--------- |
|
--------- |
|
925,682 |
|
787,130 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
2,394,037 |
|
3,003,945 |
|
------------ |
|
------------ |
|
Net current liabilities |
|
1,468,355 |
2,216,815 |
|
|
------------ |
------------ |
|
Total assets less current liabilities |
|
(
1,468,354) |
(
2,216,814) |
|
|
------------ |
------------ |
|
Net liabilities |
|
(
1,468,354) |
(
2,216,814) |
|
|
------------ |
------------ |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
1,000 |
1,000 |
|
Profit and loss account |
|
(
1,469,354) |
(
2,217,814) |
|
|
------------ |
------------ |
|
Shareholders deficit |
|
(
1,468,354) |
(
2,216,814) |
|
|
------------ |
------------ |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Newcrest Ebbsfleet Limited |
|
|
Statement of Financial Position (continued) |
|
30 September 2024
These financial statements were approved by the
board of directors
and authorised for issue on
26 June 2025
, and are signed on behalf of the board by:
|
The Marquis of Stafford |
|
Director |
|
Company registration number:
09973857
|
Newcrest Ebbsfleet Limited |
|
|
Notes to the Financial Statements |
|
Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Kimbolton Road, Bedford, MK40 2NR.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil
(2023:
3
).
5.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 1 October 2023 and 30 September 2024 |
1 |
|
---- |
|
Impairment |
|
|
At 1 October 2023 and 30 September 2024 |
– |
|
---- |
|
|
|
Carrying amount |
|
|
At 30 September 2024 |
1 |
|
---- |
|
At 30 September 2023 |
1 |
|
---- |
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Other debtors |
– |
27,076 |
|
---- |
-------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
420 |
421 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
2,393,617 |
2,393,617 |
|
Other creditors |
– |
609,907 |
|
------------ |
------------ |
|
2,394,037 |
3,003,945 |
|
------------ |
------------ |
|
|
|
8.
Controlling party
The ultimate parent company is Newcrest Estates Limited, a company registered in England and Wales.