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COMPANY REGISTRATION NUMBER: 12470286
NORTHVALE DEVELOPMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 February 2023
NORTHVALE DEVELOPMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
28 February 2023
2023
2022
Note
£
£
£
£
CURRENT ASSETS
Debtors
4
38,738
29,073
Cash at bank and in hand
78,085
231,511
---------
---------
116,823
260,584
CREDITORS: amounts falling due within one year
5
100,274
233,218
---------
---------
NET CURRENT ASSETS
16,549
27,366
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
16,549
27,366
--------
--------
NET ASSETS
16,549
27,366
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
16,449
27,266
--------
--------
SHAREHOLDERS FUNDS
16,549
27,366
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
NORTHVALE DEVELOPMENTS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 16 November 2023 , and are signed on behalf of the board by:
H S Manton
S A Hopkins
Director
Director
Company registration number: 12470286
NORTHVALE DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 28 Headingley Lane, Leeds, LS6 2AS.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences at the reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. DEBTORS
2023
2022
£
£
Other debtors
38,738
29,073
--------
--------
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
14,474
49,962
Corporation tax
6,396
Amounts due to related companies
84,000
174,000
Other creditors
1,800
2,860
---------
---------
100,274
233,218
---------
---------