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REGISTERED NUMBER: 06407699 (England and Wales)









Financial Statements

for the Year Ended 31 October 2023

for

NC Range Site Limited

NC Range Site Limited (Registered number: 06407699)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NC Range Site Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: B Richardson





REGISTERED OFFICE: 317 Brentwood Road
Romford
Essex
RM2 5SX





REGISTERED NUMBER: 06407699 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

NC Range Site Limited (Registered number: 06407699)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 405,327 308,901
Investments 5 10,000 12,000
Investment property 6 177,933 177,933
593,260 498,834

CURRENT ASSETS
Debtors 7 417,170 329,732
Cash at bank 226,524 304,510
643,694 634,242
CREDITORS
Amounts falling due within one year 8 (439,728 ) (445,408 )
NET CURRENT ASSETS 203,966 188,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

797,226

687,668

CREDITORS
Amounts falling due after more than one
year

9

(129,255

)

(27,749

)

PROVISIONS FOR LIABILITIES (3,294 ) (3,294 )
NET ASSETS 664,677 656,625

CAPITAL AND RESERVES
Called up share capital 4 4
Other reserves 14,041 14,041
Retained earnings 650,632 642,580
664,677 656,625

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NC Range Site Limited (Registered number: 06407699)

Statement of Financial Position - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 April 2024 and were signed by:





B Richardson - Director


NC Range Site Limited (Registered number: 06407699)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

NC Range Site 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 as modified by the revaluation of certain assets.

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

Income is recognised on the raising of an invoice once the service has been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Interests in listed investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Transaction costs are expensed to the profit and loss account as incurred. Changes in fair value are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

NC Range Site Limited (Registered number: 06407699)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 447,502
Additions 233,296
Disposals (66,366 )
At 31 October 2023 614,432
DEPRECIATION
At 1 November 2022 138,601
Charge for year 87,653
Eliminated on disposal (17,149 )
At 31 October 2023 209,105
NET BOOK VALUE
At 31 October 2023 405,327
At 31 October 2022 308,901

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2022 12,000
Revaluations (2,000 )
At 31 October 2023 10,000
NET BOOK VALUE
At 31 October 2023 10,000
At 31 October 2022 12,000

Cost or valuation at 31 October 2023 is represented by:

Other
investments
£   
Valuation in 2022 (23,000 )
Valuation in 2023 (2,000 )
Cost 35,000
10,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 177,933
NET BOOK VALUE
At 31 October 2023 177,933
At 31 October 2022 177,933

NC Range Site Limited (Registered number: 06407699)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. INVESTMENT PROPERTY - continued

The fair value of the investment properties have been arrived at on the basis of a valuation carried out at 31 October 2023 by the director of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

If the investment property were stated on an historical cost basis rather than a fair value basis, cost and accumulated depreciation would have been stated at £160,598 (2022: £160,598) and £nil (2022: £nil) respectively.

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2021 17,335
Cost 160,598
177,933

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 153,508 189,732
Other debtors 263,662 140,000
417,170 329,732

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 -
Hire purchase contracts 57,694 22,043
Trade creditors 104,630 124,342
Taxation and social security 262,803 291,209
Other creditors 4,601 7,814
439,728 445,408

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,275 -
Hire purchase contracts 109,980 27,749
129,255 27,749

10. CONTINGENT LIABILITIES

NC Range Site Limited has provided a cross guarantee on a loan facility of £247,000 for Richardson Investments Ltd, a company in which B Richardon is the sole director and shareholder. The balance drawn down in July 2022 is repayable by instalment over a 15 year term and is secured over the assets of both companies.

NC Range Site Limited (Registered number: 06407699)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other debtors at the year end is an amount of £78,481 (2022: £1,207 other creditors) due from the director B Richardson. During the year, interest of £2,271 (2022: £1,751) was charged by the company at a rate of 2.0% whilst the account was overdrawn.

The following advances took place during the year which were deemed material and exceed £10,000;

November 2022£26,787
December 2022£26,026
April 2023£28,774
May 2023£17,731
June 2023£14,498
July 2023£38,577
September 2023£13,321
October 2023£37,612

There have been no advances which individually were considered material and no other individual advances exceeding £10,000 to the director during the year under review.

The overdrawn balance was settled in April 2024.