New English South Limited - Accounts to registrar (filleted) - small 18.2

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

NEW ENGLISH SOUTH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S Justice

Mr S M Walker

SECRETARY:

Mr S M Walker

REGISTERED OFFICE:

56 Honeysuckle Lane

Creekmoor

Poole

Dorset

BH17 7YZ

REGISTERED NUMBER:

03326211 (England and Wales)

CURRENT ASSETS

Debtors

3

74,355

171,859

CREDITORS

Amounts falling due within one year

4

30,600

30,615

NET CURRENT ASSETS

43,755

141,244

TOTAL ASSETS LESS CURRENT LIABILITIES

43,755

141,244

CAPITAL AND RESERVES

Called up share capital

5

2

2

Retained earnings

43,753

141,242

SHAREHOLDERS' FUNDS

43,755

141,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 9 November 2018 and were signed on its behalf by:

Mr S Justice - Director

1.	STATUTORY INFORMATION

New English South Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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.

Change in presentation

With reference to the comparative period, debtors have increased from £141,859 to £171,859 and creditors have increased

from £615 to £30,615. The £30,000 uplift in both debtors and creditors is a balance sheet presentation relating to a

re-assignment of debt from the parent undertaking to New English South Limited. There has been no impact on the

comparative income statement.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Due from group companies

74,355

171,859

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

15

Other loans

30,000

30,000

Other creditors

600

600

30,600

30,615

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

200

Ordinary

£0.01

2

2

6.	ULTIMATE PARENT COMPANY

The company is controlled by New English Poole Limited, by virtue of its majority shareholding, whose registered office is

56 Honeysuckle Lane, Creekmoor, Poole, Dorset, BH17 7YZ.

The ultimate parent company is New English Limited, who owns the entire issued share capital of New English Poole

Limited.