Diamond Newland Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07082920 (England and Wales)

Diamond Newland Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B J Stonhill

A B Allen

REGISTERED OFFICE:

10 Bridge Street

Northampton

Northamptonshire

NN1 1NW

REGISTERED NUMBER:

07082920 (England and Wales)

ACCOUNTANTS:

Kilby Fox

Chartered Accountants

4 Pavilion Court

600 Pavilion Drive

Northampton Business Park

Northampton

Northamptonshire

NN4 7SL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

82

144

82

144

CURRENT ASSETS

Debtors

6

27

27

Cash at bank

9,970

5,721

9,997

5,748

CREDITORS

Amounts falling due within one year

7

6,380

2,749

NET CURRENT ASSETS

3,617

2,999

TOTAL ASSETS LESS CURRENT LIABILITIES

3,699

3,143

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,599

3,043

SHAREHOLDERS' FUNDS

3,699

3,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2022 and were signed on its behalf by:

A B Allen - Director

1.	STATUTORY INFORMATION

Diamond Newland Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sales of services and commissions receivable net of Value Added Tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture and fittings

-

20% on cost

Office equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	INTANGIBLE FIXED ASSETS

Website

costs

£

COST

At 1 January 2021

and 31 December 2021

1,425

AMORTISATION

At 1 January 2021

and 31 December 2021

1,425

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

-

5.	TANGIBLE FIXED ASSETS

Furniture

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 January 2021

and 31 December 2021

169

610

779

DEPRECIATION

At 1 January 2021

169

466

635

Charge for year

-

62

62

At 31 December 2021

169

528

697

NET BOOK VALUE

At 31 December 2021

-

82

82

At 31 December 2020

-

144

144

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

VAT

27

27

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

-

(2,250

)

Corporation tax

145

(923

)

Sundry creditors and accruals

1,925

2,317

Directors' current accounts

4,310

3,605

6,380

2,749

8.	ULTIMATE CONTROLLING PARTY