Northfield Terrace Ltd Filleted Accounts Cover
Northfield Terrace Ltd
Company No. 13472411
Information for Filing with The Registrar
30 June 2023
Northfield Terrace Ltd Directors Report Registrar
The Director presents his report and the accounts for the year ended 30 June 2023.
Principal activities
The principal activity of the company during the year under review was property development.
Director
The Director who served at any time during the year was as follows:
S. David
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
S. David
Director
31 January 2024
Northfield Terrace Ltd Balance Sheet Registrar
at
30 June 2023
Company No.
13472411
Notes
2023
2022
£
£
Fixed assets
Investment property
4
127,390123,447
127,390123,447
Current assets
Cash at bank and in hand
476350
476350
Creditors: Amount falling due within one year
5
(132,002)
(126,101)
Net current liabilities
(131,526)
(125,751)
Total assets less current liabilities
(4,136)
(2,304)
Net liabilities
(4,136)
(2,304)
Capital and reserves
Called up share capital
11
Profit and loss account
6
(4,137)
(2,305)
Total equity
(4,136)
(2,304)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 January 2024
And signed on its behalf by:
S. David
Director
31 January 2024
Northfield Terrace Ltd Notes to the Accounts Registrar
for the year ended 30 June 2023
1
General information
Its registered number is: 13472411
Its registered office is:
635 Manor Mills
Ingram Row
Holbeck
Leeds
LS11 9BT
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Investment property
Freehold Investment Property
£
Valuation
At 1 July 2022
123,447
Additions
3,943
At 30 June 2023
127,390
5
Creditors:
amounts falling due within one year
2023
2022
£
£
Loans from directors
132,002125,602
Accruals and deferred income
-499
132,002126,101
6
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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