COMPANY REGISTRATION NUMBER:
16571726
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NEWGATE (NEWARK) GROUP LIMITED |
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FILLETED UNAUDITED FINANCIAL STATEMENTS |
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NEWGATE (NEWARK) GROUP LIMITED |
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STATEMENT OF FINANCIAL POSITION |
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30 April 2026
Fixed assets
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Creditors: amounts falling due within one year |
5 |
100 |
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|
---- |
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Net current liabilities |
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100 |
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|
---- |
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Total assets less current liabilities |
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668 |
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---- |
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Capital and reserves
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Called up share capital |
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668 |
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---- |
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Shareholders funds |
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668 |
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---- |
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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.
For the period ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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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 were approved by the
board of directors
and authorised for issue on
22 September 2026
, and are signed on behalf of the board by:
Company registration number:
16571726
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NEWGATE (NEWARK) GROUP LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
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PERIOD FROM 9 JULY 2025 TO 30 APRIL 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Newgate (Newark) Limited, Brunel Drive, Newark, Notts, NG24 2DE.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. No significant judgements or estimates have been made by management in the process of applying the entity's accounting policies that would have a significant effect on the amounts recognised in the financial statements.
Investments
Investments in subsidiaries are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Impairment of fixed assets
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
The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4.
Investments
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Shares in group undertakings |
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£ |
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Cost |
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At 9 July 2025 |
– |
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Additions |
768 |
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---- |
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At 30 April 2026 |
768 |
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---- |
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Impairment |
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At 9 July 2025 and 30 April 2026 |
– |
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---- |
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Carrying amount |
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At 30 April 2026 |
768 |
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---- |
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5.
Creditors:
amounts falling due within one year
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30 Apr 26 |
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£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
100 |
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---- |
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6.
Controlling party
The company and group are under the control of the directors.