1 01/07/2022 30/06/2023 2023-06-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-07-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05315306 2022-07-01 2023-06-30 05315306 2023-06-30 05315306 2022-06-30 05315306 2021-07-01 2022-06-30 05315306 2022-06-30 05315306 2021-06-30 05315306 core:Subsidiary1 2022-07-01 2023-06-30 05315306 core:Subsidiary2 2022-07-01 2023-06-30 05315306 core:Subsidiary3 2022-07-01 2023-06-30 05315306 core:Subsidiary4 2022-07-01 2023-06-30 05315306 core:Subsidiary5 2022-07-01 2023-06-30 05315306 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 05315306 bus:Director2 2022-07-01 2023-06-30 05315306 core:WithinOneYear 2023-06-30 05315306 core:WithinOneYear 2022-06-30 05315306 core:ShareCapital 2023-06-30 05315306 core:ShareCapital 2022-06-30 05315306 bus:OrdinaryShareClass1 core:ShareCapital 2023-06-30 05315306 bus:OrdinaryShareClass1 core:ShareCapital 2022-06-30 05315306 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 05315306 core:Non-currentFinancialInstruments 2023-06-30 05315306 core:Non-currentFinancialInstruments 2022-06-30 05315306 bus:SmallEntities 2022-07-01 2023-06-30 05315306 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 05315306 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 05315306 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 05315306 bus:FullAccounts 2022-07-01 2023-06-30
Company registration number: 05315306
Northern Limited
Unaudited filleted financial statements
30 June 2023
Northern Limited
Contents
Balance sheet
Notes to the financial statements
Northern Limited
Balance sheet
30 June 2023
2023 2022
Note £ £ £ £
Fixed assets
Investments 5 315,216 315,216
_______ _______
315,216 315,216
Creditors: amounts falling due
within one year 6 ( 215) ( 215)
_______ _______
Net current liabilities ( 215) ( 215)
_______ _______
Total assets less current liabilities 315,001 315,001
_______ _______
Net assets 315,001 315,001
_______ _______
Capital and reserves
Called up share capital 7 315,001 315,001
_______ _______
Shareholders funds 315,001 315,001
_______ _______
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 March 2024 , and are signed on behalf of the board by:
Mr Z H Younis
Director
Company registration number: 05315306
Northern Limited
Notes to the financial statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is The Cube, Haverton Hill Road, Billingham, TS23 1PY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 July 2022 and 30 June 2023 315,216 315,216
_______ _______
Impairment
At 1 July 2022 and 30 June 2023 - -
_______ _______
Carrying amount
At 30 June 2023 315,216 315,216
_______ _______
At 30 June 2022 315,216 315,216
_______ _______
Investments in group undertakings
Class of share Percentage of shares held
Subsidiary undertakings
Hartburn Darlington Limited Ordinary 100
Beau Visage Hartburn Limited Ordinary 100
Cleveland Fire Safety Limited Ordinary 100
Hartburn Tanning Limited Ordinary 100
Prism Global Limited Ordinary 100
Magnum Properties (NE) Limited Ordinary 100
Goldmine Tanning Limited Ordinary 100
6. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 215 215
_______ _______
7. Called up share capital
Authorised share capital
2023 2022
No £ No £
Ordinary shares shares of £ 1.00 each 315,001 315,001 315,001 315,001
_______ _______ _______ _______
Issued, called up and fully paid
2023 2022
No £ No £
Ordinary shares shares of £ 1.00 each 315,001 315,001 315,001 315,001
_______ _______ _______ _______
8. Directors advances, credits and guarantees
There were no directors advances, credits or guarantees in the year.