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REGISTERED NUMBER: 13332713 (England and Wales)















NORTHCOTE STREET LIMITED

Unaudited Financial Statements

for the Year Ended 30 April 2024






NORTHCOTE STREET LIMITED (REGISTERED NUMBER: 13332713)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHCOTE STREET LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S Harris





REGISTERED OFFICE: Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
CF37 5YR





REGISTERED NUMBER: 13332713 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

NORTHCOTE STREET LIMITED (REGISTERED NUMBER: 13332713)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 603 710
Investment property 5 650,000 650,000
650,603 650,710

CURRENT ASSETS
Debtors 6 33,382 48,149
Cash at bank 9,757 1,113
43,139 49,262
CREDITORS
Amounts falling due within one year 7 81,707 107,704
NET CURRENT LIABILITIES (38,568 ) (58,442 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

612,035

592,268

CREDITORS
Amounts falling due after more than one year 8 502,451 502,451
NET ASSETS 109,584 89,817

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 10 188,564 188,564
Retained earnings (78,981 ) (98,748 )
109,584 89,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NORTHCOTE STREET LIMITED (REGISTERED NUMBER: 13332713)

Balance Sheet - continued
30 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





S Harris - Director


NORTHCOTE STREET LIMITED (REGISTERED NUMBER: 13332713)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Northcote Street Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

NORTHCOTE STREET LIMITED (REGISTERED NUMBER: 13332713)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 915
DEPRECIATION
At 1 May 2023 205
Charge for year 107
At 30 April 2024 312
NET BOOK VALUE
At 30 April 2024 603
At 30 April 2023 710

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 650,000
NET BOOK VALUE
At 30 April 2024 650,000
At 30 April 2023 650,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2023 650,000

The revaluation of the property is provided by the director based on there knowledge of the current property market.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 140 -
Other debtors 33,242 48,149
33,382 48,149

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 81,707 107,704

NORTHCOTE STREET LIMITED (REGISTERED NUMBER: 13332713)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 502,451 502,451

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Mortgage 502,451 502,451

Belmont Green Finance Limited hold a charge over the investment property owned by the company.

10. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 188,564