Company Registration No. 11242734 (England and Wales)
New Resource Partners Limited
Unaudited accounts
for the year ended 31 March 2025
New Resource Partners Limited
Unaudited accounts
Contents
New Resource Partners Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
14,228
32,659
Creditors: amounts falling due within one year
(108,598)
(127,866)
Net current liabilities
(39,184)
(52,461)
Total assets less current liabilities
(39,184)
(52,461)
Creditors: amounts falling due after more than one year
(426,895)
(387,647)
Net liabilities
(466,079)
(440,108)
Called up share capital
100
100
Profit and loss account
(466,179)
(440,208)
Shareholders' funds
(466,079)
(440,108)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by
Nicholas Matthew Gibbins
Director
Company Registration No. 11242734
New Resource Partners Limited
Notes to the Accounts
for the year ended 31 March 2025
New Resource Partners Limited is a private company, limited by shares, registered in England and Wales, registration number 11242734. The registered office is 8 Ashgrove Road, Redland, Bristol, BS6 6LY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to the Coronavirus Support Schemes are credited when the expenditure is charged to the profit and loss or when received. The interest funded by the Government for the first 12 months on relevant loans is included as government grants on a monthly basis.
Expenditure on research and development is written off in the year in which it is incurred.
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
The financial statements have been prepared on a going concern basis on the grounds that the bank/directors will provide sufficient finance.
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Average number of employees
During the year the average number of employees was 6 (2024: 5).