Company registration number 05764997 (England and Wales)
North Park (Greetland) Limited
Unaudited
financial statements
for the year ended 30 June 2023
PAGES FOR FILING WITH REGISTRAR
North Park (Greetland) Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
North Park (Greetland) Limited
Statement of financial position
as at 30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Stocks
518,006
5,221,935
Debtors
3
124,220
24,380
Cash at bank and in hand
13,766
5,277
655,992
5,251,592
Creditors: amounts falling due within one year
4
(319,680)
(493,370)
Net current assets
336,312
4,758,222
Creditors: amounts falling due after more than one year
5
(368,333)
(4,771,544)
Net liabilities
(32,021)
(13,322)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(32,121)
(13,422)
Total equity
(32,021)
(13,322)
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 23 January 2024
B S Marsden
Director
Company registration number 05764997 (England and Wales)
North Park (Greetland) Limited
Notes to the financial statements
for the year ended 30 June 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received for goods provided in the normal course of business.The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (on completion of property sale). The amount of revenue can be measured reliably. It is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be also measured reliably.
Stocks
Stocks are stated at the lower of cost and net realisable value.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
124,220
24,380
North Park (Greetland) Limited
Notes to the financial statements (continued)
for the year ended 30 June 2023
- 3 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
5,038
5,556
Trade creditors
115,000
300,000
Other creditors
198,142
186,314
Accruals and deferred income
1,500
1,500
319,680
493,370
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
368,333
4,771,544
The bank loan is secured.
6
Company information
North Park (Greetland) Limited is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.