NORTHUMBERLAND COMMERCIAL LTD


Director	MOHAMMADI, Mahmoud Reza


Registered Address	33 Katherine Street
	Ashington
	NE63 9DN


Registered Number	13500703 (England and Wales)

Balance Sheet as at
31 July 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		733		-
Investment property	6		171,360		-
			172,093		-
Current assets
Debtors	7	2,456		-
Cash at bank and on hand		910		110
		3,366		110
Creditors amounts falling due within one year	8	(102,185)		(16,849)
Net current assets (liabilities)			(98,819)		(16,739)
Total assets less current liabilities			73,274		(16,739)
Creditors amounts falling due after one year	9		(171,360)		-
Net assets			(98,086)		(16,739)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(98,186)		(16,839)
Shareholders' funds			(98,086)		(16,739)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 29 September 2023, and are signed on its behalf by:

MOHAMMADI, Mahmoud Reza
Director
Registered Company No. 13500703

NORTHUMBERLAND COMMERCIAL LTD

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

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investment property policy
	Investments in property are shown at most recent valuation. Property investments are measured at fair value and any changes in fair value are included in the profit and loss account.

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

4.	Employee information


		2023		2022
	Average number of employees during the year	0		0

5.	Property, plant and equipment

	Vehicles	Total
	£	£
Cost or valuation
Additions	800	800
At 31 July 23	800	800
Depreciation and impairment
Charge for year	67	67
At 31 July 23	67	67
Net book value
At 31 July 23	733	733
At 31 July 22	-	-

6.	Investment property


		£
	Additions	159,534
	Fair value adjustments	11,826
	At 31 July 23	171,360

7.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	2,456	-
Total	2,456	-


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	5,456	-
Other creditors	95,762	16,490
Accrued liabilities and deferred income	967	359
Total	102,185	16,849


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Creditors after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	171,360	-
Total	171,360	-