Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3112023-04-01falsefalseProperty letting1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14009206 2023-04-01 2024-03-31 14009206 2022-03-29 2023-03-31 14009206 2024-03-31 14009206 2023-03-31 14009206 c:Director1 2023-04-01 2024-03-31 14009206 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 14009206 d:FreeholdInvestmentProperty 2024-03-31 14009206 d:FreeholdInvestmentProperty 2023-03-31 14009206 d:CurrentFinancialInstruments 2024-03-31 14009206 d:CurrentFinancialInstruments 2023-03-31 14009206 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14009206 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14009206 d:ShareCapital 2024-03-31 14009206 d:ShareCapital 2023-03-31 14009206 d:RetainedEarningsAccumulatedLosses 2024-03-31 14009206 d:RetainedEarningsAccumulatedLosses 2023-03-31 14009206 c:FRS102 2023-04-01 2024-03-31 14009206 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14009206 c:FullAccounts 2023-04-01 2024-03-31 14009206 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14009206 6 2023-04-01 2024-03-31 14009206 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 14009206










NORTH EAST 29 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
NORTH EAST 29 LIMITED
REGISTERED NUMBER: 14009206

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
100
100

Investment property
 5 
396,844
290,000

  
396,944
290,100

Current assets
  

Debtors: amounts falling due within one year
 6 
7,680
2,017

Cash at bank and in hand
  
54,411
52,243

  
62,091
54,260

Creditors: amounts falling due within one year
 7 
(129,527)
(5,815)

Net current (liabilities)/assets
  
 
 
(67,436)
 
 
48,445

Total assets less current liabilities
  
329,508
338,545

  

Net assets
  
329,508
338,545


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
329,408
338,445

  
329,508
338,545


Page 1

 
NORTH EAST 29 LIMITED
REGISTERED NUMBER: 14009206
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 November 2024.




Mr A Poole
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
NORTH EAST 29 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

North East 29 Limited is a private company limited by shares, incorporated in England and Wales (registered number: 14009206). Its registered office is The Town Mission, Lower Rudyerd Street, North Shields, NE29 6NG. The principal activity of the Company throughout the year was that of letting and operating of real estate.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the Balance Sheet date in the countries where the Company operates and
generates income.

Page 3

 
NORTH EAST 29 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Investment property

Investment property is carried at fair value determined annually by the Directors and derived from
the current market rents and investment property yields for comparable real estate, adjusted if
necessary for any difference in the nature, location or condition of the specific asset. No
depreciation is provided. Changes in fair value are recognised in the Statement of Income and
Retained Earnings.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Financial instruments

The Company only 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.
Debt instruments (other than those wholly repayable or receivable within one year), including loans
and other accounts receivable and payable, are initially measured at present value of the future cash
flows and subsequently at amortised cost using the effective interest method. Debt instruments that
are payable or receivable within one year, typically trade debtors and creditors, are measured, initially
and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid
or received. However, if the arrangements of a short-term instrument constitute a financing
transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an
out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially
at the present value of future cash flows discounted at a market rate of interest for a similar debt
instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the
case of a small company, or a public benefit entity concessionary loan.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when
there is an enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
NORTH EAST 29 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
100



At 31 March 2024
100





5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
290,000


Additions at cost
106,844



At 31 March 2024
396,844

The 2024 valuations were made by the director, on an open market value for existing use basis.






6.


Debtors

2024
2023
£
£


Trade debtors
7,680
2,017


Page 5

 
NORTH EAST 29 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
28,503
-

Corporation tax
7,710
1,190

Other taxation and social security
24
-

Other creditors
89,249
800

Accruals and deferred income
4,041
3,825

129,527
5,815


 
Page 6