2023-04-012024-03-312024-03-31false03692262NAYLORS PROPERTIES (NORTHERN) 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NAYLORS PROPERTIES (NORTHERN) LIMITED

Registered Number
03692262
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

NAYLORS PROPERTIES (NORTHERN) LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

LAIRD, Fergus James
STEWART, Keith James
WHITE, Angus Bruce

Registered Address

One Strawberry Lane
Strawberry Lane
Newcastle Upon Tyne
NE1 4BX

Registered Number

03692262 (England and Wales)
NAYLORS PROPERTIES (NORTHERN) LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments3180,000180,000
180,000180,000
Current assets
Debtors4216,991265,680
Cash at bank and on hand64,272128,289
281,263393,969
Creditors amounts falling due within one year5(73,574)(121,348)
Net current assets (liabilities)207,689272,621
Total assets less current liabilities387,689452,621
Net assets387,689452,621
Capital and reserves
Called up share capital6666
Other reserves3838
Profit and loss account387,585452,517
Shareholders' funds387,689452,621
The financial statements were approved and authorised for issue by the Board of Directors on 29 October 2024, and are signed on its behalf by:
WHITE, Angus Bruce
Director
Registered Company No. 03692262
NAYLORS PROPERTIES (NORTHERN) LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received for sale of goods and services in the ordinary nature of the business. Turnover is shown net of Value Added Tax and of goods and services provided to customers.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year33
3.Fixed asset investments
During the period, the company’s voting rights in Naylors Gavin Black LLP were decreased from 45% to 37.5%. The LLP is incorporated in England and Wales and its activities are the provision of chartered surveyor and commercial property agency services.

Investments in groups1

Total

££
Cost or valuation
At 01 April 23180,000180,000
At 31 March 24180,000180,000
Net book value
At 31 March 24180,000180,000
At 31 March 23180,000180,000

Notes

1Investments in group undertakings and participating interests
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by associates and joint ventures / participating interests200,607265,680
Other debtors16,384-
Total216,991265,680
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables149-
Taxation and social security59,25094,254
Other creditors11,88324,928
Accrued liabilities and deferred income2,2922,166
Total73,574121,348