COMPANY REGISTRATION NUMBER:
03014601
Newstead (Birmingham) Limited
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Filleted Unaudited Financial Statements
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Newstead (Birmingham) Limited
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Year ended 31 December 2019
Notes to the financial statements
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2 to 3
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Newstead (Birmingham) Limited
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31 December 2019
Current assets
Debtors
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4
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497,173
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497,173
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---------
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---------
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Net current assets
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497,173
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497,173
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---------
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---------
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Total assets less current liabilities
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497,173
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497,173
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---------
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---------
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Capital and reserves
Called up share capital
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158,000
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158,000
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Capital redemption reserve
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203,000
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203,000
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Profit and loss account
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136,173
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136,173
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---------
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---------
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Shareholders funds
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497,173
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497,173
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---------
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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 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 profit & loss account has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's 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 director acknowledges his 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
26 May 2020
, and are signed on behalf of the board by:
Mr P O'Donnell ACII
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Director
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Company registration number:
03014601
Newstead (Birmingham) Limited
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Notes to the Financial Statements
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Year ended 31 December 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 92 Hagley Road, Birmingham, B16 8LU. The company registration number is
03014601
.
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. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £. These financial statements cover the individual entity only.
Profit & loss account
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.
4.
Debtors
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2019
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2018
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£
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£
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Amounts owed by group undertakings and undertakings in which the company has a participating interest
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497,173
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497,173
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---------
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5.
Controlling party
The ultimate parent company is Newstead Group Limited, a company incorporated in England. The registered office of the parent company is 92 Hagley Road, Birmingham, B16 8LU. The ultimate controlling party of this company is Mr P O'Donnell due to his majority ordinary shareholding in Newstead Group Limited.