COMPANY REGISTRATION NUMBER:
03014601
NG Subco 2 Limited (formerly Newstead (Birmingham) Limited)
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Filleted Unaudited Financial Statements
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NG Subco 2 Limited (formerly Newstead (Birmingham) Limited)
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Period from 1 January 2020 to 30 November 2020
Notes to the financial statements
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2
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NG Subco 2 Limited (formerly Newstead (Birmingham) Limited)
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30 November 2020
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30 Nov 20
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31 Dec 19
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Note
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£
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£
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Current assets
Debtors
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4
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361,000
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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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361,000
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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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361,000
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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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–
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136,173
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---------
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---------
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Shareholders funds
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361,000
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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 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 profit & loss account has not been delivered.
For the period ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 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
29 December 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
NG Subco 2 Limited (formerly Newstead (Birmingham) Limited)
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Notes to the Financial Statements
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Period from 1 January 2020 to 30 November 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O Dean Statham Accountants, 29 King Street, Newcastle-Under-Lyme, Staffordshire, ST5 1ER. 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.
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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30 Nov 20
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31 Dec 19
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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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361,000
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497,173
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---------
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5.
Controlling party
The ultimate parent company is NG Topco Limited (formerly Newstead Group Limited), a company incorporated in England. The registered office of the parent company is C/O Dean Statham Chartered Accountants, 29 King Street, Newcastle-Under-Lyme, Staffordshire, ST5 1ER. The ultimate controlling party of this company is Mr P O'Donnell due to his majority ordinary shareholding in NG Topco Limited (formerly Newstead Group Limited).