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REGISTERED NUMBER: 09301864 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

NORTHFIELD PARTNERSHIP LTD

NORTHFIELD PARTNERSHIP LTD (REGISTERED NUMBER: 09301864)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHFIELD PARTNERSHIP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr K Williams



REGISTERED OFFICE: Northfield House
Barnsley Road
Dodworth
Barnsley
S75 3JR



REGISTERED NUMBER: 09301864 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: HSBC Bank PLC
5 Market Hill
Barnsley
South Yorkshire
S70 2PY

NORTHFIELD PARTNERSHIP LTD (REGISTERED NUMBER: 09301864)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,036 19,160

CURRENT ASSETS
Debtors 5 448 16,565
Cash at bank 39,670 49,510
40,118 66,075
CREDITORS
Amounts falling due within one year 6 3,030 12,065
NET CURRENT ASSETS 37,088 54,010
TOTAL ASSETS LESS CURRENT LIABILITIES 56,124 73,170

CREDITORS
Amounts falling due after more than
one year

7

(2,977

)

(3,576

)

PROVISIONS FOR LIABILITIES (3,640 ) (3,640 )
NET ASSETS 49,507 65,954

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 49,505 65,952
SHAREHOLDERS' FUNDS 49,507 65,954

NORTHFIELD PARTNERSHIP LTD (REGISTERED NUMBER: 09301864)

BALANCE SHEET - continued
30 NOVEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2024 and were signed by:





Mr K Williams - Director


NORTHFIELD PARTNERSHIP LTD (REGISTERED NUMBER: 09301864)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Northfield Partnership 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from general property repairs and maintenance is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

NORTHFIELD PARTNERSHIP LTD (REGISTERED NUMBER: 09301864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year 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 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.

NORTHFIELD PARTNERSHIP LTD (REGISTERED NUMBER: 09301864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Operating lease commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 4,623 986 14,950 14,006 34,565
Additions 3,538 - - 2,521 6,059
Disposals (569 ) - - (3,560 ) (4,129 )
At 30 November 2023 7,592 986 14,950 12,967 36,495
DEPRECIATION
At 1 December 2022 3,164 833 6,541 4,867 15,405
Charge for year 435 38 2,102 2,273 4,848
Eliminated on disposal (459 ) - - (2,335 ) (2,794 )
At 30 November 2023 3,140 871 8,643 4,805 17,459
NET BOOK VALUE
At 30 November 2023 4,452 115 6,307 8,162 19,036
At 30 November 2022 1,459 153 8,409 9,139 19,160

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Directors' current accounts 29 15,738
Prepayments and accrued income 419 827
448 16,565

NORTHFIELD PARTNERSHIP LTD (REGISTERED NUMBER: 09301864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 596 1,306
Trade creditors 72 44
Corporation tax 71 5,897
Social security and other taxes 40 40
VAT 1,225 3,854
Accruals and deferred income 1,026 924
3,030 12,065

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 596 1,306
Bank loans - 2-5 years 2,381 2,270
2,977 3,576

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Within one year 1,544 4,631
Between one and five years - 1,544
1,544 6,175

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
2 2

NORTHFIELD PARTNERSHIP LTD (REGISTERED NUMBER: 09301864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Mr K Williams
Balance outstanding at start of year 15,738 -
Amounts advanced - 65,361
Amounts repaid (15,709 ) (49,623 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29 15,738