REGISTERED NUMBER: 03907207 (England and Wales)

New Century Finance Limited

Unaudited Financial Statements for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R W Price

Mrs D Price

REGISTERED OFFICE:

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

REGISTERED NUMBER:

03907207 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Tangible assets

4

750

167

Investments

5

100

100

850

267

CURRENT ASSETS

Debtors

6

1,905,392

2,063,308

Cash at bank

33,764

9,645

1,939,156

2,072,953

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

142,509

97,745

NET CURRENT ASSETS

1,796,647

1,975,208

TOTAL ASSETS LESS CURRENT LIABILITIES

1,797,497

1,975,475

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

8

-

(7,907

)

PROVISIONS FOR LIABILITIES

(188

)

(42

)

NET ASSETS

1,797,309

1,967,526

CAPITAL AND RESERVES

Called up share capital

9

25,000

25,000

Retained earnings

1,772,309

1,942,526

SHAREHOLDERS' FUNDS

1,797,309

1,967,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

Mr R W Price - Director

1.	STATUTORY INFORMATION

New Century Finance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the fair value of certain assets.

Turnover

Turnover represents revenue, net of VAT, from commercial transactions under which the company supplies customers the goods and services that it is in business to provide and it is recognised when it obtains, through performance under contract, the right to consideration for those goods and services.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any permanent diminution.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2024

10,798

Additions

1,001

Disposals

(1,590

)

At 31 August 2025

10,209

DEPRECIATION

At 1 September 2024

10,631

Charge for year

418

Eliminated on disposal

(1,590

)

At 31 August 2025

9,459

NET BOOK VALUE

At 31 August 2025

750

At 31 August 2024

167

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2024

and 31 August 2025

100

NET BOOK VALUE

At 31 August 2025

100

At 31 August 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

1,183,718

1,228,910

Other debtors

721,674

834,398

1,905,392

2,063,308

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,911

10,311

Taxation and social security

128,164

81,072

Other creditors

6,434

6,362

142,509

97,745

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

7,907

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

25,000

Ordinary

1.00

25,000

25,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to the directors totalling £215,192 (2024 - £266,057) and received repayments totalling £317,307 (2024 - £7,725). At the balance sheet date the directors owed the company £134,645 (2024 - £236.758). Interest is charged on overdrawn loans at 3.75% totalling £3,800 (2024 - 2.25% totalling £2,834). This loan is repayable on demand.

During the year dividends of £305,000 were paid to the directors (2024 - Nil).

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the amount due to the company from a loan to a relative of the director is £180,794 (2024 - £194,338). Interest is charged on the loan at 3.75% totalling £4,220 (2024 - 2.25% totalling £4,343). This loan is unsecured and repayable on demand.

At the balance sheet date the company was owed £1,183,718 by its subsidiary (2024: £1,228,910). This balance is unsecured, interest free and repayable on demand.