Registration number:
Northwick Park Limited
for the
Year Ended 30 June 2024
Northwick Park Limited
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Northwick Park Limited
Company Information
Directors |
J E Pheasant C W Gregory D Wade Mrs E Wisniewski |
Company secretary |
P J Cannan |
Registered office |
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Accountants |
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Solicitors |
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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.
Chartered Accountants
Stratford-upon-Avon
CV37 6ST
Northwick Park Limited
(Registration number: 02032784)
Balance Sheet as at 30 June 2024
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2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Reserve Fund |
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Shareholders' funds |
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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:
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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
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Northwick Park Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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
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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
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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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Northwick Park Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Tangible assets |
Land and buildings |
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Cost or valuation |
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At 1 July 2023 |
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At 30 June 2024 |
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Depreciation |
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At 1 July 2023 |
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Charge for the year |
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At 30 June 2024 |
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Carrying amount |
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At 30 June 2024 |
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At 30 June 2023 |
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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.
Debtors |
Current |
2024 |
2023 |
Trade debtors |
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Northwick Park Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals |
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Deferred income |
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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 £