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REGISTERED NUMBER: 14012172 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 MARCH 2022 TO 31 MARCH 2023

FOR

NORTHERN INVESTMENT PROPERTIES LTD

NORTHERN INVESTMENT PROPERTIES LTD (REGISTERED NUMBER: 14012172)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 MARCH 2022 TO 31 MARCH 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NORTHERN INVESTMENT PROPERTIES LTD

COMPANY INFORMATION
FOR THE PERIOD 30 MARCH 2022 TO 31 MARCH 2023







DIRECTORS: D G Keen
S R Robinson





REGISTERED OFFICE: 27 Booth House
Featherstall Road south
Oldham
Greater Manchester
OL9 7TU





REGISTERED NUMBER: 14012172 (England and Wales)





ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL

NORTHERN INVESTMENT PROPERTIES LTD (REGISTERED NUMBER: 14012172)

ABRIDGED BALANCE SHEET
31 MARCH 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 6,300
Investment property 5 174,566
180,866

CURRENT ASSETS
Debtors 1,793
Cash at bank 5,521
7,314
CREDITORS
Amounts falling due within one year 197,531
NET CURRENT LIABILITIES (190,217 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,351

)

CAPITAL AND RESERVES
Called up share capital 1,000
Retained earnings (10,351 )
SHAREHOLDERS' FUNDS (9,351 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

NORTHERN INVESTMENT PROPERTIES LTD (REGISTERED NUMBER: 14012172)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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:





S R Robinson - Director


NORTHERN INVESTMENT PROPERTIES LTD (REGISTERED NUMBER: 14012172)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 MARCH 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

Northern Investment Properties Ltd 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.

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 period 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 period 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.

NORTHERN INVESTMENT PROPERTIES LTD (REGISTERED NUMBER: 14012172)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 MARCH 2022 TO 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

Investment properties are stated in the accounts at cost and not at their open market value as required by the Financial Reporting Standard for Smaller Entities because the directors believe that the cost of such valuation would outweigh any benefits received by the members.

No depreciation is provided in respect of the investment property. This is a departure from the Companies Act which required the systematic annual depreciation of fixed assets. The directors believe that it is not appropriate to charge depreciation because the properties would have a high residual value and the depreciation would therefore be immaterial.

Going concern
The company had net liabilities at the year end totalling £9,351. It is therefore dependent on the continued financial support of its associated company. This support is expected to continue for the foreseeable future and the accounts have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 6,300
At 31 March 2023 6,300
NET BOOK VALUE
At 31 March 2023 6,300

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 174,566
At 31 March 2023 174,566
NET BOOK VALUE
At 31 March 2023 174,566

6. RELATED PARTY DISCLOSURES

Included within creditors is an unsecured interest free loan from Northern Industrial Parks Limited, an associated company by virtue of its common ownership and control. The balance at 31 March 2023 was £195,012.