Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mrs A M Bradshaw 02/12/2020 Mr A Bradshaw 02/12/2020 Mr N J Coolican 02/12/2020 Mr D G Greaves 02/12/2020 Mr P W Parkinson 02/12/2020 Mrs J Parkinson 02/12/2020 04 September 2024 The principal activity of the company continued to be that of property development. 13058567 2023-12-31 13058567 bus:Director1 2023-12-31 13058567 bus:Director2 2023-12-31 13058567 bus:Director3 2023-12-31 13058567 bus:Director4 2023-12-31 13058567 bus:Director5 2023-12-31 13058567 bus:Director6 2023-12-31 13058567 2022-12-31 13058567 core:CurrentFinancialInstruments 2023-12-31 13058567 core:CurrentFinancialInstruments 2022-12-31 13058567 core:ShareCapital 2023-12-31 13058567 core:ShareCapital 2022-12-31 13058567 core:RetainedEarningsAccumulatedLosses 2023-12-31 13058567 core:RetainedEarningsAccumulatedLosses 2022-12-31 13058567 core:CurrentFinancialInstruments 1 2023-12-31 13058567 core:CurrentFinancialInstruments 1 2022-12-31 13058567 2023-01-01 2023-12-31 13058567 bus:FilletedAccounts 2023-01-01 2023-12-31 13058567 bus:SmallEntities 2023-01-01 2023-12-31 13058567 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13058567 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13058567 bus:Director1 2023-01-01 2023-12-31 13058567 bus:Director2 2023-01-01 2023-12-31 13058567 bus:Director3 2023-01-01 2023-12-31 13058567 bus:Director4 2023-01-01 2023-12-31 13058567 bus:Director5 2023-01-01 2023-12-31 13058567 bus:Director6 2023-01-01 2023-12-31 13058567 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Company No: 13058567 (England and Wales)

NORTH PRESTON DEVELOPMENTS LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

NORTH PRESTON DEVELOPMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

Contents

NORTH PRESTON DEVELOPMENTS LTD

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
NORTH PRESTON DEVELOPMENTS LTD

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
DIRECTORS Mrs A M Bradshaw
Mr A Bradshaw
Mr N J Coolican
Mr D G Greaves
Mr P W Parkinson
Mrs J Parkinson
REGISTERED OFFICE 93 Ribby Road
Wrea Green
Preston
PR4 2PA
United Kingdom
COMPANY NUMBER 13058567 (England and Wales)
CHARTERED ACCOUNTANTS MHA
9 Winckley Square
Preston
PR1 3HP
United Kingdom
NORTH PRESTON DEVELOPMENTS LTD

BALANCE SHEET

AS AT 31 DECEMBER 2023
NORTH PRESTON DEVELOPMENTS LTD

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2023
2023 2022
£ £
Current assets
Stocks 351,157 337,146
351,157 337,146
Creditors: amounts falling due within one year 3 ( 354,717) ( 339,457)
Net current liabilities (3,560) (2,311)
Total assets less current liabilities (3,560) (2,311)
Net liabilities ( 3,560) ( 2,311)
Capital and reserves
Called-up share capital 300 300
Profit and loss account ( 3,860 ) ( 2,611 )
Total shareholders' deficit ( 3,560) ( 2,311)

For the financial 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 financial statements of North Preston Developments Ltd (registered number: 13058567) were approved and authorised for issue by the Board of Directors on 04 September 2024. They were signed on its behalf by:

Mrs A M Bradshaw
Director
Mr P W Parkinson
Director
NORTH PRESTON DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
NORTH PRESTON DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

North Preston Developments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 93 Ribby Road, Wrea Green, Preston, PR4 2PA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £3,560. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to connected companies 2,044 9,823
Other creditors 352,673 329,634
354,717 339,457