ACCOUNTS - Final Accounts

Registered number: 07132558

NEWPRIDE LIMITED

UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

NEWPRIDE LIMITED

COMPANY INFORMATION

Director	Dominique Derwa


Registered number	07132558


Registered office	Pitt House
	120 Baker Street
	London
	W1U 6TU


Accountants	Milton Avis LLP
	Chartered Accountants
	Pitt House
	120 Baker Street
	London
	W1U 6TU

NEWPRIDE LIMITED

CONTENTS

	Page
Director's report	1
Accountants' report	2
Statement of income and retained earnings	3
Balance sheet	4
Notes to the financial statements	5 - 7

NEWPRIDE LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 JANUARY 2025

The Director presents his report and the financial statements for the year ended 31 January 2025.

Director

The Director who served during the year was:

Dominique Derwa

Small companies note

In preparing this report, the Director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 8 December 2025 and signed on its behalf.

................................................

Dominique Derwa

Director

Page 1

NEWPRIDE LIMITED

REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NEWPRIDE LIMITED
FOR THE YEAR ENDED 31 JANUARY 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Newpride Limited for the year ended 31 January 2025 which comprise the statement of income and retained earnings, the balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts.

It is your duty to ensure that Newpride Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Newpride Limited. You consider that Newpride Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Newpride Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Milton Avis LLP

Chartered Accountants

Pitt House

120 Baker Street

London

W1U 6TU

8 December 2025

Page 2

NEWPRIDE LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS

FOR THE YEAR ENDED 31 JANUARY 2025

	2025	2024
Note	£	£

Turnover

12,135

15,621


Turnover	12,135	15,621
Gross profit	12,135	15,621
Administrative expenses	(11,039)	(17,020)
Operating profit/(loss)	1,096	(1,399)
Profit/(loss) after tax	1,096	(1,399)



Retained earnings at the beginning of the year	(47,301)	(45,902)
	(47,301)	(45,902)
Profit/(loss) for the year	1,096	(1,399)
Retained earnings at the end of the year	(46,205)	(47,301)

The notes on pages 5 to 7 form part of these financial statements.

Page 3

NEWPRIDE LIMITED

REGISTERED NUMBER: 07132558

BALANCE SHEET

AS AT 31 JANUARY 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	350		250
Cash at bank and in hand	5	834		2,559
		1,184		2,809
Creditors: amounts falling due within one year	6	(47,289)		(50,010)
Net current liabilities			(46,105)		(47,201)
Total assets less current liabilities			(46,105)		(47,201)

Net liabilities			(46,105)		(47,201)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(46,205)	(47,301)
	(46,105)	(47,201)

The Director considers 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 Director acknowledges his 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 were approved and authorised for issue by the board and were signed on its behalf on 8 December 2025.

................................................

Dominique Derwa

Director

The notes on pages 5 to 7 form part of these financial statements.

Page 4

NEWPRIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.	General information

Newpride Limited is a company limited by shares incorporated in England and Wales, with its registered office at Pitt House, 120 Baker Street, London, W1U 6TU.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional currency is the euro. This differs from the presentational currency which is sterling.

Transactions and balances

Foreign currency transactions are translated into the presentation currency using the exchange rates at the dates of the transactions as of year end.

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 the statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 5

NEWPRIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.5

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.

2.6

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

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.

Page 6

NEWPRIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Debtors

					2025	2024
					£	£


Trade debtors	168	168
VAT refund	182	82
	350	250

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	834	2,559
	834	2,559

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Due to Director	46,689	50,010
Accruals and deferred income	600	-
	47,289	50,010

7.	Going concern

The director has continued to support the company beyond the date of these accounts and therefore considers that the going concern basis for the presentation of these financial statements remains appropriate.

Page 7