COMPANY REGISTRATION NUMBER:
04645544
NEWLANDS MANAGEMENT LIMITED
|
|
FILLETED FINANCIAL STATEMENTS
|
|
NEWLANDS MANAGEMENT LIMITED
|
|
STATEMENT OF FINANCIAL POSITION
|
|
31 August 2020
Current assets
Creditors: amounts falling due within one year
|
5
|
30,625
|
47,556
|
|
---------
|
---------
|
Net current assets
|
40
|
40
|
|
----
|
----
|
Total assets less current liabilities
|
40
|
40
|
|
----
|
----
|
|
|
|
|
Capital and reserves
Called up share capital
|
4
|
4
|
Profit and loss account
|
36
|
36
|
|
----
|
----
|
Shareholders funds
|
40
|
40
|
|
----
|
----
|
|
|
|
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 income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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
28 May 2021
, and are signed on behalf of the board by:
Company registration number:
04645544
NEWLANDS MANAGEMENT LIMITED
|
|
NOTES TO THE FINANCIAL STATEMENTS
|
|
YEAR ENDED 31 AUGUST 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 Castle House, 69 - 70 Victoria Street, Englefield Green, Egham, Surrey, TW20 OQX.
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.
Going concern
In accordance with their responsibilities, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements. For this purpose, the directors have considered the adequacy of the company's cash resources covering the period 12 months ahead of the approval of these financial statements. In making their assessment of going concern, the directors have identified the impact of COVID-19 as a material uncertainty that relates to events or conditions that may cast significant doubt upon the company's ability to continue to adopt the going concern basis of accounting. The directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing these financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Debtors
|
2020
|
2019
|
|
£
|
£
|
Other debtors
|
30,665
|
47,596
|
|
---------
|
---------
|
|
|
|
5.
Creditors:
amounts falling due within one year
|
2020
|
2019
|
|
£
|
£
|
Other creditors
|
30,625
|
47,556
|
|
---------
|
---------
|
|
|
|
6.
Summary audit opinion
The auditor's report for the year dated 28 May 2021 was unqualified.
The senior statutory auditor was
Charles Homan
, for and on behalf of
UHY Hacker Young (S.E.) Limited
.
7.
Related party transactions
There were no related party transactions requiring disclosure under FRS 102 Section 1A.