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REGISTERED NUMBER: 02214458 (England and Wales)

















Unaudited Financial Statements for the Year Ended 23 June 2023

for

North Country Properties Limited

North Country Properties Limited (Registered number: 02214458)






Contents of the Financial Statements
for the Year Ended 23 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


North Country Properties Limited

Company Information
for the Year Ended 23 June 2023







DIRECTORS: Mrs A Padley
Mr J Padley
Mr R J Padley





SECRETARY: Mrs A Padley





REGISTERED OFFICE: 24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT





REGISTERED NUMBER: 02214458 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

North Country Properties Limited (Registered number: 02214458)

Balance Sheet
23 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 75 125
Investment property 5 1,340,000 1,340,000
1,340,075 1,340,125

CURRENT ASSETS
Debtors 6 82,782 89,043
Cash at bank 581,193 477,792
663,975 566,835
CREDITORS
Amounts falling due within one year 7 (385,018 ) (360,589 )
NET CURRENT ASSETS 278,957 206,246
TOTAL ASSETS LESS CURRENT LIABILITIES 1,619,032 1,546,371

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 114,703 114,703
Retained earnings 1,504,229 1,431,568
1,619,032 1,546,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 June 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.

North Country Properties Limited (Registered number: 02214458)

Balance Sheet - continued
23 June 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 8 March 2024 and were signed on its behalf by:





Mr J Padley - Director


North Country Properties Limited (Registered number: 02214458)

Notes to the Financial Statements
for the Year Ended 23 June 2023

1. STATUTORY INFORMATION

North Country Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - at variable rates 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

North Country Properties Limited (Registered number: 02214458)

Notes to the Financial Statements - continued
for the Year Ended 23 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 24 June 2022
and 23 June 2023 3,708
DEPRECIATION
At 24 June 2022 3,583
Charge for year 50
At 23 June 2023 3,633
NET BOOK VALUE
At 23 June 2023 75
At 23 June 2022 125

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 24 June 2022
and 23 June 2023 1,340,000
NET BOOK VALUE
At 23 June 2023 1,340,000
At 23 June 2022 1,340,000

The directors have valued the investment properties at a fair value of £1,340,000 (2022 - £1,340,000) as at 23 June 2023 based on market information.

If investment properties were stated on a historical basis rather than a fair value basis the cost of the properties would be £1,225,297 (2022 - £1,225,297).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 82,782 82,482
Other debtors - 6,561
82,782 89,043

North Country Properties Limited (Registered number: 02214458)

Notes to the Financial Statements - continued
for the Year Ended 23 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,688 16,675
Taxation and social security 33,491 27,385
Other creditors 336,839 316,529
385,018 360,589

8. RESERVES
Revaluation
reserve
£   
At 24 June 2022
and 23 June 2023 114,703