2023-02-01 2024-01-31 false No description of principal activity Capium Accounts Production 1.1 12435743 bus:FullAccounts 2023-02-01 2024-01-31 12435743 bus:FRS102 2023-02-01 2024-01-31 12435743 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12435743 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12435743 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12435743 2023-02-01 2024-01-31 12435743 2024-01-31 12435743 bus:RegisteredOffice 2023-02-01 2024-01-31 12435743 core:WithinOneYear 2024-01-31 12435743 core:AfterOneYear 2024-01-31 12435743 bus:Director1 2023-02-01 2024-01-31 12435743 bus:Director1 2024-01-31 12435743 bus:Director1 2022-02-01 2023-01-31 12435743 bus:Director2 2023-02-01 2024-01-31 12435743 bus:Director2 2024-01-31 12435743 bus:Director2 2022-02-01 2023-01-31 12435743 2022-02-01 12435743 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 12435743 2022-02-01 2023-01-31 12435743 2023-01-31 12435743 core:WithinOneYear 2023-01-31 12435743 core:AfterOneYear 2023-01-31 12435743 bus:EntityAccountantsOrAuditors 2022-02-01 2023-01-31 12435743 core:LandBuildings 2023-02-01 2024-01-31 12435743 core:LandBuildings 2024-01-31 12435743 core:LandBuildings 2023-01-31 12435743 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-01-31 12435743 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-01-31 12435743 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 12435743 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 12435743 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-01-31 12435743 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 12435743 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 12435743 core:Non-currentFinancialInstruments 2024-01-31 12435743 core:Non-currentFinancialInstruments 2023-01-31 12435743 core:ShareCapital 2024-01-31 12435743 core:ShareCapital 2023-01-31 12435743 core:RetainedEarningsAccumulatedLosses 2024-01-31 12435743 core:RetainedEarningsAccumulatedLosses 2023-01-31 12435743 dpl:Item1 2023-02-01 12435743 dpl:Item1 2024-01-31 12435743 dpl:Item1 2022-02-01 12435743 dpl:Item1 2023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12435743
England and Wales

 

 

 

NE36 PROPERTY PARTNERS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 260,765    260,765 
260,765    260,765 
Current assets      
Debtors 4 47,179    3,000 
Cash at bank and in hand 973    96,843 
48,152    99,843 
Creditors: amount falling due within one year 5 (42,855)   (103,755)
Net current assets 5,297    (3,912)
 
Total assets less current liabilities 266,062    256,853 
Creditors: amount falling due after more than one year 6 (316,521)   (314,672)
Net assets (50,459)   (57,819)
 

Capital and reserves
     
Called up share capital   100 
Profit and loss account (50,459)   (57,919)
Shareholders' funds (50,459)   (57,819)
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 30 October 2024 and were signed on its behalf by:


-------------------------------
Jonathon McCulley
Director
1
General Information
NE36 Property Partners Limited is a private company, limited by shares, registered in England and Wales, registration number 12435743, registration address 58 Durham Road, , Birtley, Chester Le Street , Durham, DH3 2QJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
As with most businesses the company has been impacted by the Coronavirus (Covid-19). This has had an impact on operations.  Although the total impact is still uncertain the directors believe that it is appropriate to prepare the accounts on a going concern basis.
Turnover
Turnover is the amount charged to tenants in respect of rent.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings Nil Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 February 2023 260,765    260,765 
Additions  
Disposals  
At 31 January 2024 260,765    260,765 
Depreciation
At 01 February 2023  
Charge for year  
On disposals  
At 31 January 2024  
Net book values
Closing balance as at 31 January 2024 260,765    260,765 
Opening balance as at 01 February 2023 260,765    260,765 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 47,179    3,000 
47,179    3,000 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Directors' Current Accounts 42,855    103,755 
42,855    103,755 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bounce Back Loan 44,889    47,539 
Mortgage Loan-Chester Terrace 64,630    64,630 
Mortgage Loan- Garner Street 37,576    37,576 
Mortgage Loan - 9 st Rollox st 57,462    57,462 
Mortgage Loan - 1 Lee Terr 59,365    59,365 
Re-mortgage Loan 52,599    48,100 
316,521    314,672 

7.

Director's Advances, credits and guarantees

Included in creditors: amounts due within one year, are amounts owed to the Directors of £42,855 (2023- £103,755).
8.

Disclosure of controlling party

For the whole of the period under review the company was under the control of John McCully and Michael Hafferty, directors of the company.

2