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REGISTERED NUMBER: 07461799 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

NORTHAMPTON TOWN CENTRE LTD

NORTHAMPTON TOWN CENTRE LTD (REGISTERED NUMBER: 07461799)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NORTHAMPTON TOWN CENTRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J L Birch
S P Brown
B M Bruder
A Cruden
C S Evans
I P Gardner
H Miller
J J B Richardson
D Roberts
J Simpson
A J Q Smith
J R Tarry
J Teckman
G G Willis
D M Lister


REGISTERED OFFICE: Vulcan Works
34-38 Guildhall Road
Northampton
NN1 1EW


REGISTERED NUMBER: 07461799 (England and Wales)


AUDITORS: Shaw Gibbs (Audit) Limited
Chartered Certified Accountants
Statutory Auditor
Eagle House
28 Billing Road
Northampton
Northamptonshire
NN1 5AJ


BANKERS: Metro Bank
27-29 Abington Street
Northampton
NN1 2AN

NORTHAMPTON TOWN CENTRE LTD (REGISTERED NUMBER: 07461799)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 15,791 73,851
Cash at bank and in hand 295,791 307,112
311,582 380,963
CREDITORS
Amounts falling due within one year 5 75,957 133,716
NET CURRENT ASSETS 235,625 247,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,625

247,247

RESERVES
Income and expenditure account 235,625 247,247
235,625 247,247

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 Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:




D Roberts - Director



A J Q Smith - Director


NORTHAMPTON TOWN CENTRE LTD (REGISTERED NUMBER: 07461799)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Northampton Town Centre Ltd is a private company, limited by guarantee , 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 (£).


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
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Income
Income represents the total invoice value, excluding value added tax, of invoices raised during the year and represents the BID Levy and voluntary contributions.

NORTHAMPTON TOWN CENTRE LTD (REGISTERED NUMBER: 07461799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet.

Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,817 22,226
Other debtors 125 536
VAT 5,172 5,718
Prepayments and accrued income 5,677 45,371
15,791 73,851

NORTHAMPTON TOWN CENTRE LTD (REGISTERED NUMBER: 07461799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,175 18,275
Social security and other taxes 575 443
Other creditors 19,482 27,019
Wages control 479 297
Accruals and deferred income 39,246 87,682
75,957 133,716

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,625 8,250

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nicola Fox FCA (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs (Audit) Limited

8. LIMITED BY GUARANTEE

The company is limited by guarantee with each member guaranteeing an amount not exceeding one pound. As at 31 March 2024 the company had 40 members.