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Company Registration No. 12279702 (England and Wales)
Ab Northern Living Limited Unaudited accounts for the year ended 31 March 2023
Ab Northern Living Limited Unaudited accounts Contents
Page
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Ab Northern Living Limited Company Information for the year ended 31 March 2023
Directors
Adam Ballantyne Amy Ballantyne
Secretary
Amy Ballantyne
Company Number
12279702 (England and Wales)
Registered Office
1 Jackson Close Seaton Delaval Whitley Bay NE25 0PL United Kingdom
Accountants
AB Northern Accounting Limited 1 Jackson Close Seaton Delaval Whitley Bay Tyne & Wear NE25 0PL
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Ab Northern Living Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,281 
4,406 
Investment property
352,685 
189,372 
355,966 
193,778 
Current assets
Cash at bank and in hand
33,754 
52,788 
Creditors: amounts falling due within one year
(189,064)
(159,084)
Net current liabilities
(155,310)
(106,296)
Total assets less current liabilities
200,656 
87,482 
Creditors: amounts falling due after more than one year
(200,653)
(89,675)
Net assets/(liabilities)
3 
(2,193)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1 
(2,195)
Shareholders' funds
3 
(2,193)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by
Adam Ballantyne Director Company Registration No. 12279702
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Ab Northern Living Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Ab Northern Living Limited is a private company, limited by shares, registered in England and Wales, registration number 12279702. The registered office is 1 Jackson Close, Seaton Delaval, Whitley Bay, NE25 0PL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years straight line
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2022
4,500 
At 31 March 2023
4,500 
Depreciation
At 1 April 2022
94 
Charge for the year
1,125 
At 31 March 2023
1,219 
Net book value
At 31 March 2023
3,281 
At 31 March 2022
4,406 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
189,372 
Additions
163,313 
At 31 March 2023
352,685 
The Directors believe that the net book value of the Investment properties is in line with their current market value.
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Ab Northern Living Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
189,064 
159,084 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
200,653 
89,675 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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