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REGISTERED NUMBER: 05996683 (England and Wales)

NEW LIFE CONFERENCE CENTRE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

NEW LIFE CONFERENCE CENTRE LIMITED (REGISTERED NUMBER: 05996683) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| NEW LIFE CONFERENCE CENTRE LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | K D Maltby

| M J Bentley

| R Munro

| C E Henson

| J Speck

| A Maltby

| SECRETARY: | K D Maltby

| REGISTERED OFFICE: | Mareham Lane

| Sleaford

| Lincolnshire

| NG34 7JP

| REGISTERED NUMBER: | 05996683 (England and Wales)

| ACCOUNTANTS: | Dexter & Sharpe

| Chartered Certified Accountants

| The Old Vicarage

| Church Close

| Boston

| Lincolnshire

| PE21 6NA

NEW LIFE CONFERENCE CENTRE LIMITED (REGISTERED NUMBER: 05996683) |

ABRIDGED BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 3 | 62,913 |  | 74,190 |  |

CURRENT ASSETS

Stocks | 2,400 |  | 3,100 |  |

Debtors | 73,600 |  | 66,260 |  |

Cash at bank and in hand | 83,537 |  | 98,166 |  |

159,537 |  | 167,526 |  |

CREDITORS

Amounts falling due within one year | 198,528 |  | 206,517 |  |

NET CURRENT LIABILITIES | (38,991 | ) | (38,991 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 23,922 |  | 35,199 |  |

CAPITAL AND RESERVES

Called up share capital | 4 | 1 |  | 1 |  |

Retained earnings | 5 | 23,921 |  | 35,198 |  |

SHAREHOLDERS' FUNDS | 23,922 |  | 35,199 |  |

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.

NEW LIFE CONFERENCE CENTRE LIMITED (REGISTERED NUMBER: 05996683) |

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 June 2025 and were signed on its behalf by:

R Munro - Director

NEW LIFE CONFERENCE CENTRE LIMITED (REGISTERED NUMBER: 05996683) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | 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.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Improvements to property | - | 10% on cost

| Furniture and equipment | - | 25% on reducing balance and 10% on cost

| Computer equipment | - | 33% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Grants received

| Where these grants are received in respect of revenue expenditure they are netted off the actual expenditure within the profit and loss to which the grant relates in the year the grant has been received.

| Where the grants are received in respect of capital expenditure they are released to the profit and loss at the same rate as the depreciation expensed in respect of those assets.

NEW LIFE CONFERENCE CENTRE LIMITED (REGISTERED NUMBER: 05996683) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2023 - 6 ) .

3. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 January 2024 | 191,971 |  |

| Additions | 4,449 |  |

| At 31 December 2024 | 196,420 |  |

| DEPRECIATION

| At 1 January 2024 | 117,781 |  |

| Charge for year | 15,726 |  |

| At 31 December 2024 | 133,507 |  |

| NET BOOK VALUE

| At 31 December 2024 | 62,913 |  |

| At 31 December 2023 | 74,190 |  |

4. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

5. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2024 | 35,198 |  |

| Deficit for the year | (11,277 | ) |

| At 31 December 2024 | 23,921 |  |

6. | RELATED PARTY DISCLOSURES

| During the year the company made gift aid contribution of £127,043 (2023 £133,366) to New Life Church Ministries (Sleaford), a registered charitable company of which two of the directors, K Maltby and R Munro, are trustees. Included within creditors is a balance of £142,427 (2023 £148,750) owed to New Life Church Ministries (Sleaford) at the balance sheet date.

7. | ULTIMATE CONTROLLING PARTY

| The company's issued share capital is owned 100% by New Life Church Ministries (Sleaford), a registered charitable company. Two of the five directors, K Maltby and R Munro are also trustees of the charitable company.

NEW LIFE CONFERENCE CENTRE LIMITED (REGISTERED NUMBER: 05996683) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

8. | DEFERRED INCOME

| 2024 |  | 2023 |  |

| £ |  | £ |  |

| Balance at 1st January 2024 |  | 33,656 |  | 37,862 |

| Grant received |  | - |  | - |

| Released to the P&L |  | (4,206) |  | (4,206 | )

| Balance at 31st December 2024 |  | 29,450 |  | 33,656 |