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REGISTERED NUMBER: 00649530 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NORTH PARK INVESTMENTS LIMITED

NORTH PARK INVESTMENTS LIMITED (REGISTERED NUMBER: 00649530)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


NORTH PARK INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr C H D Smith
Mrs L K Robertson





SECRETARY: Mrs G R Farmer





REGISTERED OFFICE: 123 Wellington Road South
Stockport
Cheshire
SK1 3TH





REGISTERED NUMBER: 00649530 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

NORTH PARK INVESTMENTS LIMITED (REGISTERED NUMBER: 00649530)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Investment properties 4 520,000 520,000

CURRENT ASSETS
Debtors 5 52,897 54,521
Cash at bank 60,657 59,801
113,554 114,322
CREDITORS
Amounts falling due within one year 6 32,404 33,044
NET CURRENT ASSETS 81,150 81,278
TOTAL ASSETS LESS CURRENT
LIABILITIES

601,150

601,278

PROVISIONS FOR LIABILITIES 108,399 108,399
NET ASSETS 492,751 492,879

CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 383,751 383,751
Retained earnings 108,900 109,028
SHAREHOLDERS' FUNDS 492,751 492,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NORTH PARK INVESTMENTS LIMITED (REGISTERED NUMBER: 00649530)

BALANCE SHEET - continued
31 MARCH 2024


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 25 September 2024 and were signed on its behalf by:




Mrs L K Robertson - Director



Mr C H D Smith - Director


NORTH PARK INVESTMENTS LIMITED (REGISTERED NUMBER: 00649530)

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

1. STATUTORY INFORMATION

North Park Investments 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable on the rentals due from the company's investment properties.

Investment properties
Investment properties are properties held to earn rentals and capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties are measured at fair value. Investment property valuations are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in the fair value of investment properties are included in the Statement of Income and Retained Earnings in the period in which they arise.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 520,000
NET BOOK VALUE
At 31 March 2024 520,000
At 31 March 2023 520,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2013 600,000
Valuation in 2015 (80,000 )
520,000

NORTH PARK INVESTMENTS LIMITED (REGISTERED NUMBER: 00649530)

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

4. INVESTMENT PROPERTIES - continued

If the land and buildings had not been revalued they would have been included at the following historical cost:

31/3/24 31/3/23
£    £   
Cost 27,850 27,850

The land and buildings were valued on an informal basis on 19 May 2015 by Garner & Sons, Chartered Surveyors .

In the opinion of the directors' the valuation of £520,000 for the investment properties represents their value on a fair value basis as at 31 March 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 45,707 48,223
Other debtors 7,190 6,298
52,897 54,521

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors - 13
Taxation and social security 8,826 12,288
Other creditors 23,578 20,743
32,404 33,044

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
100 Ordinary £1 100 100