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REGISTERED NUMBER: 11824043 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

THE NORTHERN PROPERTY PEOPLE INVESTMENTS
LIMITED

THE NORTHERN PROPERTY PEOPLE INVESTMENTS
LIMITED (REGISTERED NUMBER: 11824043)






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


THE NORTHERN PROPERTY PEOPLE INVESTMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: M Whitehead
Mrs D A Whitehead





REGISTERED OFFICE: Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ





REGISTERED NUMBER: 11824043 (England and Wales)





ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ

THE NORTHERN PROPERTY PEOPLE INVESTMENTS
LIMITED (REGISTERED NUMBER: 11824043)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,581 18,108
Investment property 5 1,553,032 1,367,859
1,566,613 1,385,967

CURRENT ASSETS
Debtors 6 113,961 113,961
Cash at bank and in hand 23,001 171,493
136,962 285,454
CREDITORS
Amounts falling due within one year 7 1,517,328 1,281,839
NET CURRENT LIABILITIES (1,380,366 ) (996,385 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,247

389,582

CREDITORS
Amounts falling due after more than one
year

8

9,181

11,903
NET ASSETS 177,066 377,679

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 269,008 433,590
Retained earnings (91,944 ) (55,913 )
SHAREHOLDERS' FUNDS 177,066 377,679

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 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.

THE NORTHERN PROPERTY PEOPLE INVESTMENTS
LIMITED (REGISTERED NUMBER: 11824043)

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 Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:




Mrs D A Whitehead - Director



M Whitehead - Director


THE NORTHERN PROPERTY PEOPLE INVESTMENTS
LIMITED (REGISTERED NUMBER: 11824043)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

The Northern Property People Investments 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 as modified by the revaluation of certain assets.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

THE NORTHERN PROPERTY PEOPLE INVESTMENTS
LIMITED (REGISTERED NUMBER: 11824043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 March 2022
and 28 February 2023 25,754
DEPRECIATION
At 1 March 2022 7,646
Charge for year 4,527
At 28 February 2023 12,173
NET BOOK VALUE
At 28 February 2023 13,581
At 28 February 2022 18,108

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022
and 28 February 2023 25,754
DEPRECIATION
At 1 March 2022 7,646
Charge for year 4,527
At 28 February 2023 12,173
NET BOOK VALUE
At 28 February 2023 13,581
At 28 February 2022 18,108

THE NORTHERN PROPERTY PEOPLE INVESTMENTS
LIMITED (REGISTERED NUMBER: 11824043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 1,367,859
Additions 349,755
Revaluations (164,582 )
At 28 February 2023 1,553,032
NET BOOK VALUE
At 28 February 2023 1,553,032
At 28 February 2022 1,367,859

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2021 111,572
Valuation in 2022 322,019
Valuation in 2023 (164,583 )
Cost 1,284,024
1,553,032

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 113,961 113,961

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,722 2,722
Other creditors 1,311,371 1,028,709
Directors current account 200,734 249,257
Accrued expenses 2,501 1,151
1,517,328 1,281,839

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 9,181 11,903

THE NORTHERN PROPERTY PEOPLE INVESTMENTS
LIMITED (REGISTERED NUMBER: 11824043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

9. RESERVES
Revaluation
reserve
£   
At 1 March 2022 433,590
Property revaluation (164,582 )

At 28 February 2023 269,008