IRIS Accounts Production v23.1.5.20 05375686 director 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure053756862022-02-28053756862023-02-28053756862022-03-012023-02-28053756862021-02-28053756862021-03-012022-02-28053756862022-02-2805375686ns16:EnglandWales2022-03-012023-02-2805375686ns15:PoundSterling2022-03-012023-02-2805375686ns11:Director12022-03-012023-02-2805375686ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2805375686ns11:SmallEntities2022-03-012023-02-2805375686ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2805375686ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2805375686ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2805375686ns11:FullAccounts2022-03-012023-02-2805375686ns11:OrdinaryShareClass12022-03-012023-02-2805375686ns11:OrdinaryShareClass22022-03-012023-02-2805375686ns11:RegisteredOffice2022-03-012023-02-2805375686ns6:CurrentFinancialInstruments2023-02-2805375686ns6:CurrentFinancialInstruments2022-02-2805375686ns6:ShareCapital2023-02-2805375686ns6:ShareCapital2022-02-2805375686ns6:RetainedEarningsAccumulatedLosses2023-02-2805375686ns6:RetainedEarningsAccumulatedLosses2022-02-2805375686ns6:FurnitureFittings2022-03-012023-02-2805375686ns6:ComputerEquipment2022-03-012023-02-2805375686ns6:FurnitureFittings2022-02-2805375686ns6:ComputerEquipment2022-02-2805375686ns6:FurnitureFittings2023-02-2805375686ns6:ComputerEquipment2023-02-2805375686ns6:FurnitureFittings2022-02-2805375686ns6:ComputerEquipment2022-02-2805375686ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2805375686ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2805375686ns6:DeferredTaxation2022-02-2805375686ns6:DeferredTaxation2023-02-2805375686ns11:OrdinaryShareClass12023-02-2805375686ns11:OrdinaryShareClass22023-02-2805375686ns6:RetainedEarningsAccumulatedLosses2022-02-2805375686ns6:RetainedEarningsAccumulatedLosses2022-03-012023-02-28
REGISTERED NUMBER: 05375686 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

NorthandSouth London Ltd

NorthandSouth London Ltd (Registered number: 05375686)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NorthandSouth London Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: RA Rees





REGISTERED OFFICE: 69 Fortis Green
London
N2 9JD





REGISTERED NUMBER: 05375686 (England and Wales)





ACCOUNTANTS: Clarke Goodhand Smith Limited
12a Marlborough Place
BRIGHTON
East Sussex
BN1 1WN

NorthandSouth London Ltd (Registered number: 05375686)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,035 12,047

CURRENT ASSETS
Debtors 5 652,771 429,393
Cash at bank 477,381 442,371
1,130,152 871,764
CREDITORS
Amounts falling due within one
year

6

74,299

21,373
NET CURRENT ASSETS 1,055,853 850,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,064,888

862,438

PROVISIONS FOR LIABILITIES 7 1,674 2,236
NET ASSETS 1,063,214 860,202

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 9 1,063,210 860,198
SHAREHOLDERS' FUNDS 1,063,214 860,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

NorthandSouth London Ltd (Registered number: 05375686)

Balance Sheet - continued
28 February 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 24 March 2023 and were signed by:





RA Rees - Director


NorthandSouth London Ltd (Registered number: 05375686)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

NorthandSouth London Ltd 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

NorthandSouth London Ltd (Registered number: 05375686)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 16,537 62,094 78,631
DEPRECIATION
At 1 March 2022 15,672 50,912 66,584
Charge for year 216 2,796 3,012
At 28 February 2023 15,888 53,708 69,596
NET BOOK VALUE
At 28 February 2023 649 8,386 9,035
At 28 February 2022 865 11,182 12,047

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 48,470 19,070
Northandsouth Estates Ltd 603,911 410,001
VAT 390 322
652,771 429,393

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Tax 70,196 17,342
Social security and other taxes 4,022 4,023
Director's current account 81 8
74,299 21,373

7. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 1,674 2,236

Deferred
tax
£   
Balance at 1 March 2022 2,236
Accelerated capital allowances (562 )
Balance at 28 February 2023 1,674

NorthandSouth London Ltd (Registered number: 05375686)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2
2 Ordinary B £1 2 2
4 4

9. RESERVES
Retained
earnings
£   

At 1 March 2022 860,198
Profit for the year 296,412
Dividends (93,400 )
At 28 February 2023 1,063,210

10. RELATED PARTY DISCLOSURES

The financial statements contain the following significant transactions and balances with related parties:

28.2.23 28.2.22
Northandsouth Estates Ltd, a company under common
control:

£   

£   
Current assets: Debtors 603,911 410,001