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REGISTERED NUMBER: 11063099 (England and Wales)










Northern Escalator Installations
Holdings Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






Northern Escalator Installations
Holdings Limited (Registered number: 11063099)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Northern Escalator Installations
Holdings Limited

Company Information
for the year ended 29 February 2024







DIRECTOR: K M Johnson





REGISTERED OFFICE: Unit 4 Riverside Business Park
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4AF





REGISTERED NUMBER: 11063099 (England and Wales)





ACCOUNTANTS: Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

Northern Escalator Installations
Holdings Limited (Registered number: 11063099)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Investments 4 7,068,398 7,068,398

CREDITORS
Amounts falling due within one year 5 (2,372,560 ) (2,260,895 )
NET CURRENT LIABILITIES (2,372,560 ) (2,260,895 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,695,838

4,807,503

CREDITORS
Amounts falling due after more than one
year

6

(3,355,002

)

(3,466,667

)
NET ASSETS 1,340,836 1,340,836

CAPITAL AND RESERVES
Called up share capital 920 1,000
Share premium 1,384,530 1,384,530
Capital redemption reserve 80 -
Retained earnings (44,694 ) (44,694 )
SHAREHOLDERS' FUNDS 1,340,836 1,340,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 24 September 2024 and were signed by:



K M Johnson - Director


Northern Escalator Installations
Holdings Limited (Registered number: 11063099)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Northern Escalator Installations Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The Company changed its financial year end from 30 November to 28 February for operational reasons and 2022 was the first period adopting the new year-end date. The financial statements presented for the prior period are for the 15 month period ending 28 February 2022, therefore the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

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.

Preparation of consolidated financial statements
The financial statements contain information about Northern Escalator Installations Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operation for at least twelve months from the date of approval of these financial statements.

The director has confirmed his intention to support the company in line with the above and for this reason the director consider it appropriate to adopt the going concern basis in these accounts.

After consideration of all factors, the director continues to adopt the going concern basis in preparing the financial statement.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Northern Escalator Installations
Holdings Limited (Registered number: 11063099)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 7,068,398
NET BOOK VALUE
At 29 February 2024 7,068,398
At 28 February 2023 7,068,398

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed to group undertakings 824,352 639,227
Other creditors 1,548,208 1,621,668
2,372,560 2,260,895

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors 3,355,002 3,466,667

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors, amounts falling due within one year, is an amount if £ 1,621,669 (2022: £nil), due to the director. The amount is interest free.

Included within other creditors, amounts falling due within one year, is an amount if £3,466,667 (2022: £5,200,000), due to the director. The amount is interest free.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Northern Escalator Installations
Holdings Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Northern Escalator Installations Holdings Limited for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Northern Escalator Installations Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Northern Escalator Installations Holdings Limited and state those matters that we have agreed to state to the director of Northern Escalator Installations Holdings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Northern Escalator Installations Holdings Limited and its director for our work or for this report.

It is your duty to ensure that Northern Escalator Installations Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Northern Escalator Installations Holdings Limited. You consider that Northern Escalator Installations Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Northern Escalator Installations Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ


Date: .............................................