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REGISTERED NUMBER: 10990512 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

NORTHVALE HOMES LIMITED

NORTHVALE HOMES LIMITED (REGISTERED NUMBER: 10990512)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHVALE HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: S M Holroyd
I R Hughes-Guy





REGISTERED OFFICE: The Citrefine Building
Moorfield Road Estate
Yeadon
Leeds
LS19 7BN





REGISTERED NUMBER: 10990512 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

NORTHVALE HOMES LIMITED (REGISTERED NUMBER: 10990512)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 17,668 44,748

CURRENT ASSETS
Stocks 888,242 988,242
Debtors 5 6,133 1,735
Cash at bank 12,001 27,217
906,376 1,017,194
CREDITORS
Amounts falling due within one year 6 (859,640 ) (963,910 )
NET CURRENT ASSETS 46,736 53,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,404

98,032

CREDITORS
Amounts falling due after more than
one year

7

-

(7,297

)
NET ASSETS 64,404 90,735

CAPITAL AND RESERVES
Called up share capital 600 600
Share premium 149,700 149,700
Retained earnings (85,896 ) (59,565 )
64,404 90,735

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

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

NORTHVALE HOMES LIMITED (REGISTERED NUMBER: 10990512)

BALANCE SHEET - continued
31 JANUARY 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 20 October 2023 and were signed on its behalf by:





I R Hughes-Guy - Director


NORTHVALE HOMES LIMITED (REGISTERED NUMBER: 10990512)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Northvale Homes 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


NORTHVALE HOMES LIMITED (REGISTERED NUMBER: 10990512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 February 2022 119,263
Disposals (53,900 )
At 31 January 2023 65,363
DEPRECIATION
At 1 February 2022 74,515
Charge for year 8,842
Eliminated on disposal (35,662 )
At 31 January 2023 47,695
NET BOOK VALUE
At 31 January 2023 17,668
At 31 January 2022 44,748

NORTHVALE HOMES LIMITED (REGISTERED NUMBER: 10990512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 279 29
Other debtors 5,854 1,706
6,133 1,735

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts 7,297 15,781
Trade creditors 18,951 4,681
Taxation and social security 13 4,069
Other creditors 833,379 939,379
859,640 963,910

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Hire purchase contracts - 7,297

8. ULTIMATE CONTROLLING PARTY

The controlling party is The Chuffin Puffin Limited.