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Company registration number: 10515662
Northgate Industrial Park Limited
Unaudited filleted financial statements
31 December 2023
Northgate Industrial Park Limited
Contents
Balance sheet
Notes to the financial statements
Northgate Industrial Park Limited
Balance sheet
31 December 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 5 65,576 59,130
_______ _______
65,576 59,130
Creditors: amounts falling due
within one year 6 ( 1,067) ( 2,988)
_______ _______
Net current assets 64,509 56,142
_______ _______
Total assets less current liabilities 64,509 56,142
_______ _______
Net assets 64,509 56,142
_______ _______
Capital and reserves
Called up share capital 7 2 2
Sinking fund 28,360 24,360
Water rates fund 33,800 33,800
General reserve fund 2,347 ( 2,020)
_______ _______
Shareholders funds 64,509 56,142
_______ _______
For the year ending 31 December 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 Income and expenditure account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 August 2024 , and are signed on behalf of the board by:
Mr E Myers
Director
Company registration number: 10515662
Northgate Industrial Park Limited
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 113 New London Road, Chelmsford, England, CM2 0QT.
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.
Turnover
Turnover represents the total invoice value of service charges, due in respect of the year and derives from the provision of services falling within the company's ordinary activities.
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. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: Nil).
5. Debtors
2023 2022
£ £
Amount due from tenants 17,378 26,335
Called up share capital not paid 2 2
Amounts held in client account 48,196 32,793
_______ _______
65,576 59,130
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 354 2,331
Accruals and deferred income 648 648
Corporation tax 65 9
_______ _______
1,067 2,988
_______ _______
7. Called up share capital
Issued and called up
2023 2022
No £ No £
Ordinary shares of £ 1.00 each 2 2 2 2
_______ _______ _______ _______
Issued and partly paid
2023 2022
No £ No £
Ordinary shares of £ 1.00 each - £ - paid 2 - 2 -
_______ _______ _______ _______