Company registration number 08816149 (England and Wales)
NORTHFIELD HOUSE (BELPER) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
NORTHFIELD HOUSE (BELPER) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
NORTHFIELD HOUSE (BELPER) LTD
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
16,000
16,000
Debtors
4
50,050
Cash at bank and in hand
6,770
143,889
22,770
209,939
Creditors: amounts falling due within one year
5
(22,746)
(207,283)
Net current assets
24
2,656
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(76)
2,556
Total equity
24
2,656
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 7 November 2024 and are signed on its behalf by:
Mr R I Carter
Director
Company registration number 08816149 (England and Wales)
NORTHFIELD HOUSE (BELPER) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information
Northfield House (Belper) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 47 Hazelwood Road, Duffield, BELPER, Derbyshire, DE56 4AA. The company registration number is 08816149.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of income from the sale of property developments, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are recognised at transaction price.
1.6
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
NORTHFIELD HOUSE (BELPER) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
2
Judgements and key sources of estimation uncertainty
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.
No such judgements and estimates are applicable to the company.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
50,050
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
218
4,324
Taxation and social security
2,131
929
Other creditors
20,397
202,030
22,746
207,283
6
Related Party Disclosures
Carter Construction Limited
A company in which Mr R Carter is a director and shareholder.
The company has made purchases from Carter Construction Limited during the period, totalling £nil (2023 : £420,731). Of this balance, £218 (2023 : £4,324) remains outstanding as at 30/04/2024.
Carter Construction Ltd has loaned £76,548 to the company, £10,836 remains unpaid at the year end.
AP90 Limited
A company in which Mr K Derbyshire is a director and shareholder.
AP90 Limited has loaned £124,061 to the company, £8,061 remains unpaid at the year end. (2023: £124,061).