N19 Developments Limited 04124917 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is The ownership and management of 1-5 Lambton Mews London N19 3D Digita Accounts Production Advanced 6.30.9574.0 true true 04124917 2023-01-01 2023-12-31 04124917 2023-12-31 04124917 bus:OrdinaryShareClass1 2023-12-31 04124917 bus:OrdinaryShareClass2 2023-12-31 04124917 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04124917 core:LandBuildings 2023-12-31 04124917 bus:SmallEntities 2023-01-01 2023-12-31 04124917 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04124917 bus:FilletedAccounts 2023-01-01 2023-12-31 04124917 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04124917 bus:RegisteredOffice 2023-01-01 2023-12-31 04124917 bus:Director1 2023-01-01 2023-12-31 04124917 bus:Director2 2023-01-01 2023-12-31 04124917 bus:Director3 2023-01-01 2023-12-31 04124917 bus:Director4 2023-01-01 2023-12-31 04124917 bus:Director5 2023-01-01 2023-12-31 04124917 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 04124917 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 04124917 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04124917 core:LandBuildings 2023-01-01 2023-12-31 04124917 countries:EnglandWales 2023-01-01 2023-12-31 04124917 2022-12-31 04124917 core:LandBuildings 2022-12-31 04124917 2022-01-01 2022-12-31 04124917 2022-12-31 04124917 bus:OrdinaryShareClass1 2022-12-31 04124917 bus:OrdinaryShareClass2 2022-12-31 04124917 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 04124917 core:LandBuildings 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04124917

N19 Developments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

N19 Developments Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

N19 Developments Limited

Company Information
__________________________________________________________________________

Directors

Kay Parkes

George Knott

Rob Tustain

Nicholas Woolf

Paul Wood

Registered office

342 Regents Park Road
London
N3 2LJ


 

Accountants

Brooks Green
Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

N19 Developments Limited

(Registration number: 04124917)
Balance Sheet as at 31 December 2023
__________________________________________________________________________

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

898,872

898,872

Current assets

 

Cash at bank and in hand

 

17,707

16,739

Creditors: Amounts falling due within one year

4

(12,105)

(11,137)

Net current assets

 

5,602

5,602

Net assets

 

904,474

904,474

Capital and reserves

 

Called up share capital

5

15

15

Share premium reserve

900,434

900,434

Retained earnings

4,025

4,025

Shareholders' funds

 

904,474

904,474

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 25 September 2024 and signed on its behalf by:
 

.........................................
Paul Wood
Director

 

N19 Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
__________________________________________________________________________

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

Is not being depreciated

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

N19 Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
__________________________________________________________________________

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2023

898,872

898,872

At 31 December 2023

898,872

898,872

Depreciation

Carrying amount

At 31 December 2023

898,872

898,872

At 31 December 2022

898,872

898,872

Included within the net book value of land and buildings above is £898,872 (2022 - £898,872) in respect of freehold land and buildings.
 

4

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

12,105

11,137

5

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

10

10

10

10

Non voting of £1 each

5

5

5

5

15

15

15

15