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REGISTERED NUMBER: 08340973 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2021

for

NORTHLANDS PROPERTY LETTINGS LTD

NORTHLANDS PROPERTY LETTINGS LTD (REGISTERED NUMBER: 08340973)






Contents of the Financial Statements
for the Year Ended 31st December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHLANDS PROPERTY LETTINGS LTD

Company Information
for the Year Ended 31st December 2021







DIRECTORS: Mr K J Greenhalgh
Mrs L Greenhalgh





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 08340973 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

NORTHLANDS PROPERTY LETTINGS LTD (REGISTERED NUMBER: 08340973)

Balance Sheet
31st December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 135,000 135,000

CURRENT ASSETS
Debtors 5 234 219
Cash at bank 17,017 13,508
17,251 13,727
CREDITORS
Amounts falling due within one year 6 1,762 2,332
NET CURRENT ASSETS 15,489 11,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,489

146,395

CREDITORS
Amounts falling due after more than one
year

7

110,221

110,460
NET ASSETS 40,268 35,935

CAPITAL AND RESERVES
Called up share capital 8 100 100
Non distributable reserves 9,563 9,563
Retained earnings 30,605 26,272
SHAREHOLDERS' FUNDS 40,268 35,935

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

NORTHLANDS PROPERTY LETTINGS LTD (REGISTERED NUMBER: 08340973)

Balance Sheet - continued
31st December 2021


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 23rd August 2022 and were signed on its behalf by:




Mr K J Greenhalgh - Director



Mrs L Greenhalgh - Director


NORTHLANDS PROPERTY LETTINGS LTD (REGISTERED NUMBER: 08340973)

Notes to the Financial Statements
for the Year Ended 31st December 2021

1. STATUTORY INFORMATION

Northlands Property Lettings 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.

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 as modified by the revaluation of certain assets.

Revenue recognition
Revenue represents the value of net rents receivable for the total period of property occupation.

Investment property
Investment properties are properties held to earn rentals, they are initially measured at cost, including transaction costs. Subsequently they are then measured at fair value on an open market basis. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value are included in the Statement of Income and Retained Earnings in the period in which they arise.

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.

Going concern
The company's ability to continue as a going concern is dependent upon the continued support of the directors. The directors do not intend to withdraw their financial support in the foreseeable future.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2021
and 31st December 2021 135,000
NET BOOK VALUE
At 31st December 2021 135,000
At 31st December 2020 135,000

In the current year there have been no material changes to affect the valuation.

NORTHLANDS PROPERTY LETTINGS LTD (REGISTERED NUMBER: 08340973)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2021

4. INVESTMENT PROPERTY - continued

Fair value at 31st December 2021 is represented by:
£   
Valuation in 2017 9,563
Cost 125,437
135,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.21 31.12.20
£    £   
Cost 125,437 125,437

Investment property was valued on an open market basis on 31st December 2017 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Prepayments 234 219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Tax 1,015 1,003
Accrued expenses 747 1,329
1,762 2,332

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Directors Loan Account 110,221 110,460

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
100 Ordinary £1 shares £1 100 100

9. RELATED PARTY DISCLOSURES

At 31 December 2021 the company owed to its directors £110,221 (2020: £110,460). No interest has been charged to the company in respect of this loan and there is no formal repayment date for this loan.

NORTHLANDS PROPERTY LETTINGS LTD (REGISTERED NUMBER: 08340973)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2021

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs Greenhalgh.

The above have controlled the company throughout the period by virtue of owning 100% of the issued share capital.