1 June 2024 false No description of principal activity Taxfiler 2024.6 14115233 business:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 14115233 2024-05-31 14115233 2024-06-01 2025-05-31 14115233 business:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 14115233 business:FilletedAccounts 2024-06-01 2025-05-31 14115233 2025-05-31 14115233 2024-05-31 14115233 core:WithinOneYear 2025-05-31 14115233 core:WithinOneYear 2024-05-31 14115233 core:AfterOneYear 2025-05-31 14115233 core:AfterOneYear 2024-05-31 14115233 countries:EnglandWales 2024-06-01 2025-05-31 14115233 business:RegisteredOffice 2024-06-01 2025-05-31 14115233 2023-06-01 2024-05-31 14115233 business:Micro-entities 2024-06-01 2025-05-31 14115233 business:Director1 2024-06-01 2025-05-31 iso4217:GBP xbrli:pure
New Generation Fields LTD Statement of Financial Position as at 31 May 2025
2025
2024
£
£
Fixed assets
223
447
Current assets
1,361
78,462
Creditors: amounts falling due within one year
18,624
1,863
Net current assets
19,985
80,325
Total assets less current liabilities
20,208
80,772
Creditors: amounts falling due after more than one year
110,688
(5,300)
Net assets
130,896
75,472
Capital and reserves
130,896
75,472
NOTES TO THE ACCOUNTS
1 Statutory information
New Generation Fields LTD is a private company, limited by shares, registered in England and Wales, registration number 14115233. The registered office is 86-90 Paul Street, London, EC2A 4NE.
2 Director's advances, credit and guarantees
At the year end, the company had an outstanding loan to a director, Edgars Zarins. The loan was advanced on or shortly after 1 June 2024 and is unsecured. The balance outstanding at 31 May 2025 was £110,687.50 (2024: £nil). Interest is charged on the loan at a rate equal to the HMRC Official Rate of Interest. During the year, interest was applied at: 2.25% per annum from 1 June 2024 to 31 March 2025 3.75% per annum from 1 April 2025 onwards Interest is calculated on a simple basis, accruing daily and payable annually in arrears. No capital repayments are due within two years of the loan commencement date. Repayments of principal will commence from 1 June 2026 at £11,000 per annum until the loan is fully repaid. The loan is repayable in instalments and may be repaid early, in whole or in part, without penalty. At 31 May 2025 the balance owed to the director by the company was £8023.39
3 Average number of employees
During the year the average number of employees was 1 (2024: 1).
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New Generation Fields LTD Statement of Financial Position as at 31 May 2025 (continued)
For the year ending 31 May 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 16 April 2026
Edgars Zarins Director Company Registration No. 14115233
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