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Registration number: 02032784

Northwick Park Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Northwick Park Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Northwick Park Limited

Company Information

Directors

J E Pheasant

C W Gregory

D Wade

Mrs E Wisniewski

Company secretary

P J Cannan

Registered office

Estate Office, William Emes Garden
Northwick Park
Blockley
Moreton in Marsh
GL56 9RL

Accountants

C Wiltshire Accountancy
Chartered Accountants
6 Slingates Road
Stratford-upon-Avon
CV37 6ST

Solicitors

Shakespeare Martineau
Somerset House
Temple Street
Birmingham
B2 5DJ

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of Northwick Park Limited
For the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Northwick Park Limited for the year ended 30 June 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements.

These are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Northwick Park Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Northwick Park Limited and state those matters that we have agreed to state to the Board of Directors of Northwick Park Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Northwick Park Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Northwick Park Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Northwick Park Limited. You consider that Northwick Park Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Northwick Park Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.




C Wiltshire Accountancy
Chartered Accountants
6 Slingates Road
Stratford-upon-Avon
CV37 6ST

1 November 2024

 

Northwick Park Limited

(Registration number: 02032784)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,668

16,001

Current assets

 

Debtors

5

63,893

42,103

Cash at bank and in hand

 

128,315

161,857

 

192,208

203,960

Creditors: Amounts falling due within one year

6

(98,650)

(89,457)

Net current assets

 

93,558

114,503

Net assets

 

108,226

130,504

Capital and reserves

 

Called up share capital

78

78

Reserve Fund

108,148

130,426

Shareholders' funds

 

108,226

130,504

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Northwick Park Limited

(Registration number: 02032784)
Balance Sheet as at 30 June 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 1 November 2024 and signed on its behalf by:
 

J E Pheasant
Director

   
     
 

Northwick Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Estate Office, William Emes Garden
Northwick Park
Blockley
Moreton in Marsh
GL56 9RL

These financial statements were authorised for issue by the Board on 1 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue represents service charges receivable during the period from the principal activities of the company, and all arises from within the United Kingdom.

Finance income and costs policy

Investment income from bank deposits is recognised when it has been credited to the relevant bank accounts.

 

Northwick Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2

Accounting policies (continued)

Tax

As a non-profit company, the company is not chargeable to corporation tax on its income other than on bank interest receivable. The provision for corporation tax is the tax payable on the company's bank interest receivable during the financial year.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Buildings

Straight line over 15 years.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are service charge amounts due for services provided by the company in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the service charges raised.

 

Northwick Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Northwick Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2023

20,001

20,001

At 30 June 2024

20,001

20,001

Depreciation

At 1 July 2023

4,000

4,000

Charge for the year

1,333

1,333

At 30 June 2024

5,333

5,333

Carrying amount

At 30 June 2024

14,668

14,668

At 30 June 2023

16,001

16,001

Freehold property includes freehold land of £1 (2022 - £1) which is not depreciated.

The value of the company's land is included at the nominal value of its acquisition. In view of the nature of the ownership of the land acquired, the directors are of the opinion that the market value of the estate, were it to be sold, may or may not be significantly different from the value shown.

5

Debtors

Current

2024
£

2023
£

Trade debtors

63,893

42,103

 

Northwick Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

14,507

16,523

Taxation and social security

497

112

Accruals

3,409

2,712

Deferred income

80,237

70,110

98,650

89,457

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £7,092 (2023 - £Nil). This represents expenditure in 2024-25 relating to the contract for the upgrade to the lighting circuits which began in this financial year.