IRIS Accounts Production v23.1.5.20 01313069 Board of Directors 1.8.22 31.7.23 31.7.23 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013130692022-07-31013130692023-07-31013130692022-08-012023-07-31013130692021-07-31013130692021-08-012022-07-31013130692022-07-3101313069ns15:EnglandWales2022-08-012023-07-3101313069ns14:PoundSterling2022-08-012023-07-3101313069ns10:Director12022-08-012023-07-3101313069ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3101313069ns10:SmallEntities2022-08-012023-07-3101313069ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3101313069ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3101313069ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3101313069ns10:FullAccounts2022-08-012023-07-3101313069ns10:Director22022-08-012023-07-3101313069ns10:Director32022-08-012023-07-3101313069ns10:RegisteredOffice2022-08-012023-07-3101313069ns5:CurrentFinancialInstruments2023-07-3101313069ns5:CurrentFinancialInstruments2022-07-3101313069ns5:Non-currentFinancialInstruments2023-07-3101313069ns5:Non-currentFinancialInstruments2022-07-3101313069ns5:ShareCapital2023-07-3101313069ns5:ShareCapital2022-07-3101313069ns5:SharePremium2023-07-3101313069ns5:SharePremium2022-07-3101313069ns5:RevaluationReserve2023-07-3101313069ns5:RevaluationReserve2022-07-3101313069ns5:RetainedEarningsAccumulatedLosses2023-07-3101313069ns5:RetainedEarningsAccumulatedLosses2022-07-3101313069ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3101313069ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3101313069ns5:Secured2023-07-3101313069ns5:Secured2022-07-3101313069ns5:RetainedEarningsAccumulatedLosses2022-07-3101313069ns5:SharePremium2022-07-3101313069ns5:RevaluationReserve2022-07-3101313069ns5:RetainedEarningsAccumulatedLosses2022-08-012023-07-31
REGISTERED NUMBER: 01313069 (England and Wales)



















Financial Statements

for the Year Ended 31 July 2023

for

Northwilds Limited

Northwilds Limited (Registered number: 01313069)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northwilds Limited

Company Information
for the year ended 31 July 2023







DIRECTORS: Mrs J M Taylor
S C Lakin
Ms G Heffron





REGISTERED OFFICE: 1st Floor, Cromwell House
14 Fulwood Place
London
WC1V 6HZ





REGISTERED NUMBER: 01313069 (England and Wales)





ACCOUNTANTS: Gorrie Whitson Limited
1st Floor, Cromwell House
14 Fulwood Place
London
WC1V 6HZ

Northwilds Limited (Registered number: 01313069)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 6,000,000
Investment property 5 4,539,505 1,400,000
4,539,505 7,400,000

CURRENT ASSETS
Stocks 475,755 1,795,756
Debtors 6 2,114,304 46,462
Cash at bank 2,339,316 2,528,107
4,929,375 4,370,325
CREDITORS
Amounts falling due within one year 7 273,422 95,877
NET CURRENT ASSETS 4,655,953 4,274,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,195,458

11,674,448

CREDITORS
Amounts falling due after more than one
year

8

(3,839,576

)

(6,642,207

)

PROVISIONS FOR LIABILITIES (340,000 ) (260,000 )
NET ASSETS 5,015,882 4,772,241

CAPITAL AND RESERVES
Called up share capital 150 150
Share premium 10 186,820 186,820
Revaluation reserve 10 1,290,548 1,290,548
Retained earnings 10 3,538,364 3,294,723
SHAREHOLDERS' FUNDS 5,015,882 4,772,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

Northwilds Limited (Registered number: 01313069)

Balance Sheet - continued
31 July 2023


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 28 September 2023 and were signed on its behalf by:





Mrs J M Taylor - Director


Northwilds Limited (Registered number: 01313069)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Northwilds 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 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.

Turnover
Turnover represents property sales.

Investment property
Investment property is shown at market value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.7.23 31.7.22
£    £   
Vintage motor car - 6,000,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 1,400,000
Additions 3,139,505
At 31 July 2023 4,539,505
NET BOOK VALUE
At 31 July 2023 4,539,505
At 31 July 2022 1,400,000

Northwilds Limited (Registered number: 01313069)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2015 1,400,000
Valuation in 2023 3,139,505
4,539,505

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 2,114,304 46,462

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 208,748 21,105
Other creditors 64,674 74,772
273,422 95,877

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 5,500,000
Other creditors 3,839,576 1,142,207
3,839,576 6,642,207

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans - 5,500,000

10. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 August 2022 3,294,723 186,820 1,290,548 4,772,091
Profit for the year 245,641 245,641
Dividends (2,000 ) (2,000 )
At 31 July 2023 3,538,364 186,820 1,290,548 5,015,732

Northwilds Limited (Registered number: 01313069)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2022 - £2,000) were paid to the directors .

The company's ultimate controlling party is Mrs J M Taylor, a director.

The balance on her interest-free loan to the company stood at £3,839,576 at 31st July 2023.