Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31true2022-06-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10770285 2022-06-01 2023-05-31 10770285 2021-06-01 2022-05-31 10770285 2023-05-31 10770285 2022-05-31 10770285 c:Director3 2022-06-01 2023-05-31 10770285 d:CurrentFinancialInstruments 2023-05-31 10770285 d:CurrentFinancialInstruments 2022-05-31 10770285 d:Non-currentFinancialInstruments 2023-05-31 10770285 d:Non-currentFinancialInstruments 2022-05-31 10770285 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10770285 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 10770285 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 10770285 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 10770285 d:ShareCapital 2023-05-31 10770285 d:ShareCapital 2022-05-31 10770285 d:RetainedEarningsAccumulatedLosses 2023-05-31 10770285 d:RetainedEarningsAccumulatedLosses 2022-05-31 10770285 c:OrdinaryShareClass1 2022-06-01 2023-05-31 10770285 c:OrdinaryShareClass1 2023-05-31 10770285 c:OrdinaryShareClass1 2022-05-31 10770285 c:FRS102 2022-06-01 2023-05-31 10770285 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 10770285 c:FullAccounts 2022-06-01 2023-05-31 10770285 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10770285









NORTH PLACE PROPERTIES LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
NORTH PLACE PROPERTIES LIMITED
REGISTERED NUMBER: 10770285

BALANCE SHEET
AS AT 31 MAY 2023

2023
2023
2022
2022
Note
£
£
£
£

  

Current assets
  

Stocks
  
4,852,927
4,852,927

Debtors: amounts falling due within one year
 4 
99,527
133,967

Cash at bank and in hand
 5 
789,978
430,185

  
5,742,432
5,417,079

Creditors: amounts falling due within one year
 6 
(2,727,342)
(2,508,590)

Net current assets
  
 
 
3,015,090
 
 
2,908,489

Total assets less current liabilities
  
3,015,090
2,908,489

Creditors: amounts falling due after more than one year
 7 
(2,799,992)
(2,799,992)

  

Net assets
  
215,098
108,497


Capital and reserves
  

Called up share capital 
  
200
100

Profit and loss account
  
214,898
108,397

  
215,098
108,497


Page 1

 
NORTH PLACE PROPERTIES LIMITED
REGISTERED NUMBER: 10770285
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
N A Spencer
Director

Date: 12 February 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
NORTH PLACE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

North Place Properties Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered office is Aston house, Cornwall Avenue, London, N3 1LF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
NORTH PLACE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 
NORTH PLACE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Debtors

2023
2022
£
£


Trade debtors
23,803
12,099

Other debtors
20,127
18,650

Prepayments and accrued income
55,597
103,218

99,527
133,967



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
789,978
430,185



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
243,461
4,200

Corporation tax
26,630
42,083

Other taxation and social security
-
32,675

Other creditors
2,404,096
2,404,196

Accruals and deferred income
53,155
25,436

2,727,342
2,508,590





7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
2,799,992
2,799,992


Page 5

 
NORTH PLACE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



200 (2022 - 100) Ordinary shares shares of £1.00 each
200
100


During the period under review 100 £1 Ordinary shares were issued at par.

 
Page 6