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COMPANY REGISTRATION NUMBER: 07759368
NORTHFIELD MILLS MANAGEMENT COMPANY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
NORTHFIELD MILLS MANAGEMENT COMPANY LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 3
NORTHFIELD MILLS MANAGEMENT COMPANY LIMITED
BALANCE SHEET
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
95,784
95,784
Current assets
Debtors
5
8,336
7,750
Creditors: amounts falling due within one year
6
( 100,961)
( 100,961)
------------
------------
Net current liabilities
( 92,625)
( 93,211)
------------
------------
Total assets less current liabilities
3,159
2,573
------------
------------
Net assets
3,159
2,573
------------
------------
Capital and reserves
Called up share capital
7
25
25
Profit and loss account
3,134
2,548
------------
------------
Shareholders funds
3,159
2,573
------------
------------
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 profit and loss account has not been delivered.
For the year ending 31 December 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 .
These financial statements were approved by the board of directors and authorised for issue on 5 February 2024 , and are signed on behalf of the board by:
P M Steele
J D Oxley
Director
Director
R P Wade
Director
Company registration number: 07759368
NORTHFIELD MILLS MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 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 35 Westgate, Huddersfield, HD1 1PA.
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.
Revenue recognition
Turnover represents ground rents receivable from tenants.
Tangible assets
All fixed assets are initially recorded at cost. All subsequent expenditure and replacements are written off in the income and expenditure account as they arise. The company's freehold property at Northfield Mills, 46 Sharp Lane, Almondbury, Huddersfield is included in the accounts at cost. No Depreciation has been provided for on the company's freehold property.
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. Tangible assets
Freehold property
£
Cost
At 1 January 2023 and 31 December 2023
95,784
------------
Depreciation
At 1 January 2023 and 31 December 2023
------------
Carrying amount
At 31 December 2023
95,784
------------
At 31 December 2022
95,784
------------
5. Debtors
2023
2022
£
£
Other debtors
8,336
7,750
------------
------------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
240
240
Loans
99,761
99,761
Other creditors
960
960
------------
------------
100,961
100,961
------------
------------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
25
25
25
25
------------
------------
------------
------------
8. Related party transactions
Control of the company In the directors opinion no one party has control of the company.