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REGISTERED NUMBER: 11044227 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

NORTHERN POWERHOUSE LAND LIMITED

NORTHERN POWERHOUSE LAND LIMITED (REGISTERED NUMBER: 11044227)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


NORTHERN POWERHOUSE LAND LIMITED (REGISTERED NUMBER: 11044227)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 900 1,948
Investments 5 7,009,286 7,192,235
7,010,186 7,194,183

CURRENT ASSETS
Debtors 6 1,068,004 248,503
Cash at bank 352,929 500,198
1,420,933 748,701
CREDITORS
Amounts falling due within one year 7 8,323,247 4,755,983
NET CURRENT LIABILITIES (6,902,314 ) (4,007,282 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,872

3,186,901

CREDITORS
Amounts falling due after more than one
year

8

800,000

3,568,672
NET LIABILITIES (692,128 ) (381,771 )

CAPITAL AND RESERVES
Called up share capital 9 760,000 760,000
Retained earnings (1,452,128 ) (1,141,771 )
SHAREHOLDERS' FUNDS (692,128 ) (381,771 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

NORTHERN POWERHOUSE LAND LIMITED (REGISTERED NUMBER: 11044227)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





R K H Nicholson - Director


NORTHERN POWERHOUSE LAND LIMITED (REGISTERED NUMBER: 11044227)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Northern Powerhouse Land Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11044227

Registered office: 5 Brooklands Place
Brooklands Road
Sale
Cheshire
M33 3SD

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.

Preparation of consolidated financial statements
The financial statements contain information about Northern Powerhouse Land 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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

NORTHERN POWERHOUSE LAND LIMITED (REGISTERED NUMBER: 11044227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets
Basic financial assets, including trade and other receivables, cash and bank balances and investments in
commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies
and preference shares that are classified as debt, are initially recognised at transaction price, unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Such debt instruments are subsequently carried at amortised cost using the effective interest rate method.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
At the balance sheet date, the company was in a net current liability position. Based on future cashflow projections and future actual cash received the directors are confident they will have sufficient funds to meet the companies obligations as they fall due. The directors have confirmed related companies will not recall any loans until the company is in a position to repay the loans.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1,198 3,293 4,491
DEPRECIATION
At 1 January 2023 508 2,035 2,543
Charge for year 138 910 1,048
At 31 December 2023 646 2,945 3,591
NET BOOK VALUE
At 31 December 2023 552 348 900
At 31 December 2022 690 1,258 1,948

NORTHERN POWERHOUSE LAND LIMITED (REGISTERED NUMBER: 11044227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 1 1
Loans to group undertakings 3,440,334 3,191,966
Participating interests 61,650 61,650
Loans to undertakings in which the company
has a participating interest

3,507,301

3,938,618
7,009,286 7,192,235

Additional information is as follows:
Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1 61,650 61,651
NET BOOK VALUE
At 31 December 2023 1 61,650 61,651
At 31 December 2022 1 61,650 61,651

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Pochin Midpoint Limited
Registered office: 5 Brooklands Place, Brooklands Road, Sale, Cheshire M33 3SD
Nature of business: Letting and operating own or leased real estate
%
Class of shares: holding
Ordinary 100.00

Joint venture

Pochin Goodman (Northern Gateway) Ltd
Registered office: Nelson House, Central Boulevard, Blythe Valley Park, Solihull, West Midlands, B90 8BG UK
Nature of business: Buying and selling own real estate
%
Class of shares: holding
Ordinary 50.00

NORTHERN POWERHOUSE LAND LIMITED (REGISTERED NUMBER: 11044227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS - continued
Loans to Loans to
group joint
undertakings ventures Totals
£    £    £   
At 1 January 2023 3,191,966 3,938,618 7,130,584
New in year 910,452 1,255,000 2,165,452
Repayment in year (662,084 ) (1,700,000 ) (2,362,084 )
Other movement - 13,683 13,683
At 31 December 2023 3,440,334 3,507,301 6,947,635

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 928,427 184,192
Directors' loan accounts 7,997 -
VAT 69,913 10,528
Prepayments 61,667 53,783
1,068,004 248,503

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 8,312,256 4,622,925
Trade creditors 11,290 31,008
Social security and other taxes (299 ) 63,896
Directors' loan accounts - 38,154
8,323,247 4,755,983

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 800,000 3,568,672

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
280,000 Ordinary 1 280,000 280,000
100,000 Ordinary A 1 100,000 100,000
380,000 Ordinary B 1 380,000 380,000
760,000 760,000

NORTHERN POWERHOUSE LAND LIMITED (REGISTERED NUMBER: 11044227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2023, the company was owed £4,068 by (2022: £16,246 was owed to ) Robert Nicholson. This loan was repaid within 9 months of the year end.

At 31 December 2023, the company was owed £3,929 by (2022: £21,908 was owed to) James Nicholson. This loan was repaid within 9 months of the year end.

11. RELATED PARTY DISCLOSURES

At 31 December 2023, the amount due from Pochin Midpoint Limited, to the Company was £3,440,335 (2022: £3,191,965). The Company owns 100% of the share capital of Pochin Midpoint Limited.

At 31 December 2023, the amount due from Pochin Goodman (Northern Gateway) Limited, to the Company was £2,571,075 (2022: £3,614,075). The Company owns 50% of the share capital of Pochin Goodman (Northern Gateway) Limited.

At 31 December 2023, the amount due from Cheshire Fresh Limited, to the Company was £2,000 (2022: £Nil). Cheshire Fresh Limited is a company J Nicholson and R Nicholson are also directors of.

At 31 December 2023, the amount due from S Nicholson, a shareholder, to the Company was £1,460. (2022: £Nil) .

At 31 December 2023, the amount due to Kettley International Limited was £120,000 in loans and £1,500,000 as a deep discounted bond. Kettley international Limited owns 50% of the share of Northern Powerhouse Limited.

12. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party.