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Newcastle Great Park (Estates) Limited
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Notes to the financial statements
For the Year Ended 31 December 2018
The company is a private company limited by shares, incorporated and domiciled in the United Kingdom.
The registered office is 3rd Floor, Citygate, St James' Boulevard, Newcastle Upon Tyne, NE1 4JE.
2.
Accounting policies
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Basis of preparation of financial statements
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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:
Investments in subsidiaries are measured at cost less accumulated impairment.
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 from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
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The average monthly number of employees, including directors, during the year was
2
(2017 -
2
)
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Investments in subsidiary companies
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3
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