Registration number:
Production North (Holdings) Ltd
For The Year Ended 31 August 2023
Production North (Holdings) Ltd
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Production North (Holdings) Ltd
(Registration number: 08079387)
Balance Sheet as at 31 August 2023
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2023 |
2022 |
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Fixed assets |
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Investment property |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Production North (Holdings) Ltd
Notes to the Unaudited Financial Statements For The Year Ended 31 August 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency is £ sterling.
Group accounts not prepared
Going concern
The financial statements have been prepared on a going concern basis.
Investment property
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Production North (Holdings) Ltd
Notes to the Unaudited Financial Statements For The Year Ended 31 August 2023
Share capital
Ordinary shares are classified as equity.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment properties |
2023 |
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At 1 September |
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At 31 August |
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The directors have reviewed the fair value of the property. In the opinion of the directors the fair value of the property is not materially different to its carrying value.
Investments |
2023 |
2022 |
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Investments in subsidiaries |
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Subsidiaries |
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Cost or valuation |
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At 1 September 2022 |
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Carrying amount |
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At 31 August 2023 |
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At 31 August 2022 |
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Production North (Holdings) Limited, as the parent company of a small group is not required to prepare group accounts by virtue of the exemption within s399 Companies Act 2006.
Debtors |
Current |
2023 |
2022 |
Owed by/(from) group undertakings |
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Production North (Holdings) Ltd
Notes to the Unaudited Financial Statements For The Year Ended 31 August 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Other creditors |
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Related party transactions |
The Company's investment property is occupied by its subsidiary company. No charge for occupation was made in the year. (2022 £Nil)