Silverfin false false 01/08/2024 02/08/2023 01/08/2024 Mr G G Horth 03/07/2004 Ms J E Read 17/01/2024 15 November 2024 The principal activity of the Company during the financial year was that of an investment company. 04819967 2024-08-01 04819967 bus:Director1 2024-08-01 04819967 bus:Director2 2024-08-01 04819967 2023-08-01 04819967 core:CurrentFinancialInstruments 2024-08-01 04819967 core:CurrentFinancialInstruments 2023-08-01 04819967 core:ShareCapital 2024-08-01 04819967 core:ShareCapital 2023-08-01 04819967 core:FurtherSpecificReserve1ComponentTotalEquity 2024-08-01 04819967 core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-01 04819967 core:RetainedEarningsAccumulatedLosses 2024-08-01 04819967 core:RetainedEarningsAccumulatedLosses 2023-08-01 04819967 core:CostValuation 2023-08-01 04819967 core:AdditionsToInvestments 2024-08-01 04819967 core:DisposalsRepaymentsInvestments 2024-08-01 04819967 core:RevaluationsIncreaseDecreaseInInvestments 2024-08-01 04819967 core:CostValuation 2024-08-01 04819967 2023-08-02 2024-08-01 04819967 bus:FilletedAccounts 2023-08-02 2024-08-01 04819967 bus:SmallEntities 2023-08-02 2024-08-01 04819967 bus:AuditExemptWithAccountantsReport 2023-08-02 2024-08-01 04819967 bus:PrivateLimitedCompanyLtd 2023-08-02 2024-08-01 04819967 bus:Director1 2023-08-02 2024-08-01 04819967 bus:Director2 2023-08-02 2024-08-01 04819967 2022-08-02 2023-08-01 iso4217:GBP xbrli:pure

Company No: 04819967 (England and Wales)

NORTHCROFT INVESTMENTS LTD

Unaudited Financial Statements
For the financial year ended 01 August 2024
Pages for filing with the registrar

NORTHCROFT INVESTMENTS LTD

Unaudited Financial Statements

For the financial year ended 01 August 2024

Contents

NORTHCROFT INVESTMENTS LTD

BALANCE SHEET

As at 01 August 2024
NORTHCROFT INVESTMENTS LTD

BALANCE SHEET (continued)

As at 01 August 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 70,000 70,000
Investments 4 618,851 561,351
688,851 631,351
Current assets
Debtors 5 2,075 1,795
Cash at bank and in hand 197,450 262,376
199,525 264,171
Creditors: amounts falling due within one year 6 ( 109,273) ( 93,138)
Net current assets 90,252 171,033
Total assets less current liabilities 779,103 802,384
Provision for liabilities ( 15,025) 0
Net assets 764,078 802,384
Capital and reserves
Called-up share capital 200 200
Fair value reserve 35,276 ( 2,765 )
Profit and loss account 728,602 804,949
Total shareholders' funds 764,078 802,384

For the financial year ending 01 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Northcroft Investments Ltd (registered number: 04819967) were approved and authorised for issue by the Board of Directors on 15 November 2024. They were signed on its behalf by:

Mr G G Horth
Director
NORTHCROFT INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 01 August 2024
NORTHCROFT INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 01 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Northcroft Investments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 1

The company is run and administered by the directors of the company for whom no formal contracts of service are in place.

3. Investment property

Investment property
£
Valuation
As at 02 August 2023 70,000
As at 01 August 2024 70,000

Valuation

The valuation model used to determine the fair value of investment properties of the balance sheet date is open market value. This has been calculated by the director, who is internal to the company.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 70,000 70,000

4. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 02 August 2023 561,351 561,351
Additions 121,120 121,120
Disposals ( 116,749) ( 116,749)
Movement in fair value 53,129 53,129
At 01 August 2024 618,851 618,851
Carrying value at 01 August 2024 618,851 618,851
Carrying value at 01 August 2023 561,351 561,351

5. Debtors

2024 2023
£ £
Other debtors 2,075 1,795

6. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 109,273 93,138

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
During the year the director maintained an interest free loan with the company which is repayable on demand. At the balance sheet date the amount owing to the director was 106,797 90,797