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Company Registration No. 06464488 (England and Wales)
North Property Services Limited Unaudited accounts for the year ended 31 March 2024
North Property Services Limited Unaudited accounts Contents
Page
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North Property Services Limited Company Information for the year ended 31 March 2024
Director
I Daniel-Sam
Company Number
06464488 (England and Wales)
Registered Office
61 Plodder Lane Farnworth BL4 0BX
Accountants
Daniel Sam Limited 61 Plodder Lane Farnworth Bolton BL4 0BX
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North Property Services Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,676 
2,195 
Investment property
282,661 
267,000 
285,337 
269,195 
Current assets
Debtors
2,591 
6,662 
Cash at bank and in hand
- 
10,646 
2,591 
17,308 
Creditors: amounts falling due within one year
(26,878)
(67,890)
Net current liabilities
(24,287)
(50,582)
Total assets less current liabilities
261,050 
218,613 
Creditors: amounts falling due after more than one year
(241,094)
(173,062)
Provisions for liabilities
Deferred tax
(4,293)
(9,555)
Net assets
15,663 
35,996 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
15,661 
35,994 
Shareholders' funds
15,663 
35,996 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 October 2024 and were signed on its behalf by
I Daniel-Sam Director Company Registration No. 06464488
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North Property Services Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
North Property Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06464488. The registered office is 61 Plodder Lane, Farnworth, BL4 0BX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Computer equipment
20% on cost
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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North Property Services Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
6,608 
- 
6,608 
Additions
1,035 
115 
1,150 
At 31 March 2024
7,643 
115 
7,758 
Depreciation
At 1 April 2023
4,413 
- 
4,413 
Charge for the year
646 
23 
669 
At 31 March 2024
5,059 
23 
5,082 
Net book value
At 31 March 2024
2,584 
92 
2,676 
At 31 March 2023
2,195 
- 
2,195 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
267,000 
Additions
15,661 
At 31 March 2024
282,661 
The director considers the above amount to be reflective of the properties' aggregate fair value as at 31 March 2024.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
750 
46 
Accrued income and prepayments
1,224 
1,745 
Other debtors
617 
4,871 
2,591 
6,662 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
26,472 
5,555 
Trade creditors
- 
1,158 
Taxes and social security
- 
3,534 
Other creditors
394 
1,103 
Loans from directors
- 
47,041 
Accruals
12 
9,499 
26,878 
67,890 
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North Property Services Limited Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
36,413 
40,103 
Other creditors
83,763 
132,959 
Loans from directors
120,918 
- 
241,094 
173,062 
9
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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