ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

NEW ADVENTURES PARTNERSHIPS LIMITED - Company Information

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Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falseNo description of principal activity32022-04-013truetrue 13656251 2022-03-31 13656251 2022-04-01 2023-03-31 13656251 2021-10-01 2022-03-31 13656251 2023-03-31 13656251 c:Director1 2022-04-01 2023-03-31 13656251 d:CurrentFinancialInstruments 2023-03-31 13656251 d:CurrentFinancialInstruments 2022-03-31 13656251 c:OrdinaryShareClass1 2022-04-01 2023-03-31 13656251 c:OrdinaryShareClass1 2023-03-31 13656251 c:FRS102 2022-04-01 2023-03-31 13656251 c:Audited 2022-04-01 2023-03-31 13656251 c:FullAccounts 2022-04-01 2023-03-31 13656251 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13656251 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13656251









NEW ADVENTURES PARTNERSHIPS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023
 
NEW ADVENTURES PARTNERSHIPS LIMITED
REGISTERED NUMBER: 13656251

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Fixed assets
  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,500
-

Cash at bank and in hand
  
1
1

  
2,501
1

Creditors: amounts falling due within one year
 5 
(2,500)
(3,000)

Net assets/(liabilities)
  
1
(2,999)


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
-
(3,000)

  
1
(2,999)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 September 2023.




B Emmanus
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
NEW ADVENTURES PARTNERSHIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

New Adventures Partnerships Limited is a private company limited by shares and incorporated in England. The address of the Registered office is 124 Finchley Road, London, NW3 5JS.
 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirement through the support from its parent company. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it's financial statements. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue comprises fees received from the provision of various services and recognised over a period of the contract or when the service has been delivered and film royalties income which is recognised when received.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. 

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to/from related parties.

Page 2
 
NEW ADVENTURES PARTNERSHIPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
2,500
-



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
-
500

Accruals
2,500
2,500



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1



7.


Related party transactions

At the reporting date the company was owed £2,500 by (2022: £500 owed to) New Adventures Charity, its parent company and paid a donation under the deed of covenants totalling  £53,352 (2022: Nil) to New Adventures Charity.


8.


Controlling party

The company's immediate and ultimate controlling party is New Adventures Charity, a charitable company incorporated in the United Kingdom.

9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 12 October 2023 by Andrew Thomas (senior statutory auditor) on behalf of Nyman Libson Paul LLP.

 
Page 3