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REGISTERED NUMBER: 08278390 (England and Wales)















Financial Statements

for the Year Ended 31 December 2024

for

Newsasset Limited

Newsasset Limited (Registered number: 08278390)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newsasset Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: Dr I Kliafas
Dr N Tsampourakis





REGISTERED OFFICE: Maple House
382 Kenton Road
Kenton
Harrow
Middlesex
HA3 9DP





REGISTERED NUMBER: 08278390 (England and Wales)





ACCOUNTANTS: KBMD Limited
Chartered Certified Accountants
Maple House
382 Kenton Road
Harrow
Middlesex
HA3 9DP

Newsasset Limited (Registered number: 08278390)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £ £
CURRENT ASSETS
Debtors 4 2,644 33,932
Cash at bank 16,037 7,991
18,681 41,923
CREDITORS
Amounts falling due within one year 5 - (13,402 )
NET CURRENT ASSETS 18,681 28,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,681

28,521

CAPITAL AND RESERVES
Called up share capital 68,000 68,000
Retained earnings (49,319 ) (39,479 )
SHAREHOLDERS' FUNDS 18,681 28,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Newsasset Limited (Registered number: 08278390)

Balance Sheet - continued
31 December 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 4 July 2025 and were signed on its behalf by:




Dr I Kliafas - Director



Dr N Tsampourakis - Director


Newsasset Limited (Registered number: 08278390)

Notes to the Financial Statements
for the year ended 31 December 2024


1. STATUTORY INFORMATION

Newsasset 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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade debtors 2,402 33,690
VAT 242 242
2,644 33,932

Newsasset Limited (Registered number: 08278390)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade creditors - 13,402

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Athens Technology Centre SA(incorporated in Greece).