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REGISTERED NUMBER: 09624393 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Aztec North Limited

Aztec North Limited (Registered number: 09624393)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aztec North Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: N Swift





REGISTERED OFFICE: 7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS





REGISTERED NUMBER: 09624393 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Aztec North Limited (Registered number: 09624393)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,365 -
Investment property 5 16,361,238 16,149,770
16,401,603 16,149,770

CURRENT ASSETS
Debtors 6 3,053,494 834,346
Cash at bank 137,680 628,035
3,191,174 1,462,381
CREDITORS
Amounts falling due within one year 7 4,578,679 4,983,300
NET CURRENT LIABILITIES (1,387,505 ) (3,520,919 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,014,098

12,628,851

CREDITORS
Amounts falling due after more than
one year

8

14,315,173

11,927,137
NET ASSETS 698,925 701,714

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 698,923 701,712
698,925 701,714

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Aztec North Limited (Registered number: 09624393)

Balance Sheet - continued
31 March 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 director and authorised for issue on 27 October 2023 and were signed by:





N Swift - Director


Aztec North Limited (Registered number: 09624393)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Aztec North 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Aztec North Limited (Registered number: 09624393)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 49,680
At 31 March 2023 49,680
DEPRECIATION
Charge for year 9,315
At 31 March 2023 9,315
NET BOOK VALUE
At 31 March 2023 40,365

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 16,149,770
Additions 211,468
At 31 March 2023 16,361,238
NET BOOK VALUE
At 31 March 2023 16,361,238
At 31 March 2022 16,149,770

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 70,456 218
Other debtors 2,973,439 825,708
Prepayments and accrued income 9,599 8,420
3,053,494 834,346

Aztec North Limited (Registered number: 09624393)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 33,600
Trade creditors 13,634 16,649
Tax - 77,947
Social security and other taxes 7,735 1,553
Other creditors 4,434,847 4,751,051
Directors' loan accounts 119,724 100,000
Accruals and deferred income 2,739 2,500
4,578,679 4,983,300

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years - 35,600
Bank loans - 2-5 years - 975,690
Bank loans more 5 yrs non-inst 14,315,173 10,915,847
14,315,173 11,927,137

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 14,315,173 10,915,847

9. RELATED PARTY DISCLOSURES

During the year the company repaid loans of £317,704 (2022 advanced: £347,704) from Hope Estates Limited, a company in which Mr. N. Swift is a director and shareholder. The balance outstanding at the year end was £4,431,980 (2022: £4,749,684) and is included in other creditors (note 8). The loan is repayable on demand and interest free.