NORTH EAST COMMERCIAL PROPERTY LTD

Company Registration Number:
05121451 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

NORTH EAST COMMERCIAL PROPERTY LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

NORTH EAST COMMERCIAL PROPERTY LTD

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 454 1,105
Investments: 4 20,519 20,519
Total fixed assets: 20,973 21,624
Current assets
Debtors:   28,644 13,747
Cash at bank and in hand: 68,454 111,967
Total current assets: 97,098 125,714
Creditors: amounts falling due within one year:   (23,270) (51,514)
Net current assets (liabilities): 73,828 74,200
Total assets less current liabilities: 94,801 95,824
Provision for liabilities: (86) (210)
Total net assets (liabilities): 94,715 95,614
Capital and reserves
Called up share capital: 10,500 10,500
Profit and loss account: 84,215 85,114
Shareholders funds: 94,715 95,614

The notes form part of these financial statements

NORTH EAST COMMERCIAL PROPERTY LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 August 2024
and signed on behalf of the board by:

Name: Richard Mark Robertson
Status: Director

The notes form part of these financial statements

NORTH EAST COMMERCIAL PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fittings fixtures and equipment - 10% straight line

NORTH EAST COMMERCIAL PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

NORTH EAST COMMERCIAL PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 22,147
At 31 May 2024 22,147
Depreciation
At 01 June 2023 21,042
Charge for year 651
At 31 May 2024 21,693
Net book value
At 31 May 2024 454
At 31 May 2023 1,105

NORTH EAST COMMERCIAL PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Fixed investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.