Company Registration No. 07929033 (England and Wales)
NEWPARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 DECEMBER 2017
30 December 2017
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
NEWPARK LIMITED
CONTENTS
Page
Balance sheet
3
Notes to the financial statements
4
NEWPARK LIMITED
BALANCE SHEET
AS AT
30 DECEMBER 2017
30 December 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Investments
2
2
2
Current assets
Debtors
4
2
2
Net current assets
2
2
Total assets less current liabilities
4
4
Capital and reserves
Called up share capital
4
4
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 December 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
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.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 26 September 2018 and are signed on its behalf by:
A Newman
Director
Company Registration No. 07929033
NEWPARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2017
- 2 -
1
Accounting policies
Company information
Newpark Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
C/o PM+M Solutions for Business LLP, Greenbank Technology Park, Challenge Way, Blackburn, Lancashire, BB1 5QB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements.
1.3
Fixed asset investments
Investments in subsidiaries are measured at cost less accumulated impairment.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
2
Fixed asset investments
2017
2016
£
£
Investments
2
2
3
Subsidiaries
Details of the company's subsidiaries at 30 December 2017 are as follows:
Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Indirect
Newmans Footwear Limited
UK
Sale of children's clothing and accessories.
Ordinary
100.00
Rammon Accessories Limited
UK
Dormant
Ordinary
100.00
NEWPARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 DECEMBER 2017
- 3 -
4
Debtors
2017
2016
Amounts falling due within one year:
£
£
Other debtors
2
2