Newlenoir Limited 31/03/2025 iXBRL

Company registration number: 08527922

Newlenoir Limited

Unaudited filleted financial statements

31 March 2025

Newlenoir Limited

Contents

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Newlenoir Limited

Statement of financial position

31 March 2025

			2025		2024
		Note	£	£	£	£

Fixed assets
Intangible assets		4	1,217,899		1,107,034
Tangible assets		5	-		-
			_________		_________
				1,217,899		1,107,034

Current assets
Debtors:
	Amounts falling due after more than one year	6	134,747		100,373
	Amounts falling due within one year	6	94,399		109,734
Cash at bank and in hand			85,631		66,079
			_________		_________
			314,777		276,186
Creditors: amounts falling due
within one year		7	( 464,679)		( 477,675)
			_________		_________
Net current liabilities				( 149,902)		( 201,489)
				_________		_________
Total assets less current liabilities				1,067,997		905,545

Creditors: amounts falling due
after more than one year		8		( 144,172)		( 139,856)
				_________		_________
Net assets				923,825		765,689
				_________		_________

Capital and reserves
Called up share capital				1,524		1,452
Share premium account				2,625,532		2,386,113
Profit and loss account				( 1,703,231)		( 1,621,876)
				_________		_________
Shareholders funds				923,825		765,689
				_________		_________

For the year ending 31 March 2025 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.

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 28 November 2025 , and are signed on behalf of the board by:

Mr Graham Edwards

Director

Company registration number: 08527922

Newlenoir Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Share premium account	Profit and loss account	Total
	£	£	£	£


At 1 April 2023	1,410	2,246,451	( 1,454,398)	793,463

Loss for the year			( 167,478)	( 167,478)
	_______	_________	_________	_________
Total comprehensive income for the year	-	-	( 167,478)	( 167,478)

Issue of shares	42	139,662		139,704
	_______	_________	_________	_________
Total investments by and distributions to owners	42	139,662	-	139,704

	_______	_________	_________	_________
At 31 March 2024 and 1 April 2024	1,452	2,386,113	( 1,621,876)	765,689

Loss for the year			( 81,355)	( 81,355)
	_______	_________	_________	_________
Total comprehensive income for the year	-	-	( 81,355)	( 81,355)

Issue of shares	72	239,419		239,491
	_______	_________	_________	_________
Total investments by and distributions to owners	72	239,419	-	239,491

	_______	_________	_________	_________
At 31 March 2025	1,524	2,625,532	( 1,703,231)	923,825
	_______	_________	_________	_________

Newlenoir Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Ort House, 147 Arlington Road, London NW1 7ET.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Going concern

The financial statements have been prepared on the basis that the company continues to be a going concern. The directors have indicated that they will continue to support the company for a period of at least 12 months from the date of signing these financial statements.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Combined other intangible assets - 20 % straight line

Research and development

Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fittings fixtures and equipment - 25 % straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Intangible assets

	Development costs	Total
	£	£
Cost
At 1 April 2024	1,547,562	1,547,562
Additions	110,865	110,865
	_________	_________
At 31 March 2025	1,658,427	1,658,427
	_________	_________
Amortisation
At 1 April 2024 and 31 March 2025	440,528	440,528
	_________	_________
Carrying amount
At 31 March 2025	1,217,899	1,217,899
	_________	_________
At 31 March 2024	1,107,034	1,107,034
	_________	_________

5. Tangible assets

		Total
		£
	Cost
	At 1 April 2024 and 31 March 2025	3,966
		_________
	Depreciation
	At 1 April 2024 and 31 March 2025	3,966
		_________
	Carrying amount
	At 31 March 2025	-
		_________
	At 31 March 2024	-
		_________

6. Debtors

Debtors falling due within one year are as follows:

	2025	2024
	£	£
Deferred tax asset	55	-
Prepayments and accrued income	1,845	4,010
Corporation tax recoverable	31,206	57,151
Other tax recoverable	13,272	5,982
Amounts owed by related companies	48,021	42,591
	_________	_________
	94,399	109,734
	_________	_________

Debtors falling due after one year are as follows:

	2025	2024
	£	£
Deferred tax asset	134,747	100,373
	_________	_________

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	42,741	55,145
Accruals and deferred income	20,100	20,520
Social security and other taxes	220	392
Director loan accounts	401,618	401,618
	_________	_________
	464,679	477,675
	_________	_________

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Deferred taxation	144,172	139,856
	_________	_________

9. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:

£ £

Later than 1 year and not later than 5 years 14,230 7,380

_________ _________