Northern Lets Limited |
Notes to the Accounts |
for the year ended 31 March 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Trade creditors |
133 |
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277 |
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Other creditors |
2,563 |
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2,070 |
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2,696 |
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2,347 |
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4 |
Loans to directors |
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Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
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G Blenkinsopp |
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Directors loan account |
1,830 |
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- |
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- |
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1,830 |
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|
1,830 |
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- |
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- |
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1,830 |
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5 |
Related party transactions |
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Wisemove Land and Property Ltd, who has a common company director and shareholder, is owed £733 as at 31st March 2024. The loan is interest free and repayable on demand. |
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6 |
Controlling party |
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The company is controlled by its director. |
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7 |
Other information |
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Northern Lets Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Lake View |
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9 Brancepeth Monor Farm |
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Crook |
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Co. Durham |
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DL15 9AS |