ACCOUNTS - Final Accounts

Registered number: 07662723

NEWGATE MARKETING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

NEWGATE MARKETING LIMITED

Company Information

Directors	M Klein
	M W Wright


Registered number	07662723


Registered office	3rd Floor
	12 Gough Square
	London
	EC4A 3DW

NEWGATE MARKETING LIMITED

Registered number: 07662723

Balance sheet

As at 31 December 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	112,950		94,176
Cash at bank and in hand		9,010		31,501
		121,960		125,677
Creditors: amounts falling due within one year	5	(11,750)		(36,683)
Net current assets			110,210		88,994
Total assets less current liabilities			110,210		88,994

Net assets			110,210		88,994

Capital and reserves
Called up share capital	6	118	118
Share premium account		167,202	167,202
Profit and loss account		(57,110)	(78,326)
		110,210	88,994

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 statement of comprehensive income 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 on 20 August 2025.

M W Wright

Director

The notes on pages 3 to 5 form part of these financial statements.

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NEWGATE MARKETING LIMITED

Registered number: 07662723

Balance sheet (continued)

As at 31 December 2024

Page 2

NEWGATE MARKETING LIMITED

Notes to the financial statements

For the Year Ended 31 December 2024

1.	General information

Newgate Marketing Limited is a private company limited by share capital and incorporated in England and Wales, registration number 07662723. The address of the registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

2.Accounting policies

2.1

Basis of preparation of financial statements

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 following principal accounting policies have been applied:

2.2

Valuation of investments

Investments in associates are measured at cost less accumulated impairment.

2.3

Debtors

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.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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NEWGATE MARKETING LIMITED

Notes to the financial statements

For the Year Ended 31 December 2024

2.Accounting policies (continued)

2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	112,950	93,176
Other debtors	-	1,000
	112,950	94,176

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NEWGATE MARKETING LIMITED

Notes to the financial statements

For the Year Ended 31 December 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	-	15,983
Other creditors	11,750	20,700
	11,750	36,683

6.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

118 (2023 - 118) Ordinary shares of £1.00 each	118	118

7.	Related party transactions
	The company has adopted the exemption permitted by paragraph 33.1A of FRS 102 and has not disclosed transactions with other group members, which are wholly owned subsidiaries. Included within Other Creditors is a loan totalling £6,000 (2023: £6,000) owed to a company under common control. This loan is interest free and repayable on demand.

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