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REGISTERED NUMBER: NI006262 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Northern Ground Rent Trust Limited

Northern Ground Rent Trust Limited (Registered number: NI006262)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Northern Ground Rent Trust Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M K Desai
A M Desai





REGISTERED OFFICE: 29-31, Montgomery Street
BELFAST
BT1 4NX





REGISTERED NUMBER: NI006262 (Northern Ireland)






Northern Ground Rent Trust Limited (Registered number: NI006262)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,000 45,000

CURRENT ASSETS
Debtors 5 23,723 22,034
Cash at bank 5,760 1,125
29,483 23,159
CREDITORS
Amounts falling due within one year 6 6,579 4,287
NET CURRENT ASSETS 22,904 18,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,904

63,872

CAPITAL AND RESERVES
Called up share capital 7,550 7,550
Retained earnings 60,354 56,322
67,904 63,872

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





M K Desai - Director


Northern Ground Rent Trust Limited (Registered number: NI006262)

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

1. STATUTORY INFORMATION

Northern Ground Rent Trust Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents ground rents receivable.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 45,000
NET BOOK VALUE
At 30 April 2024 45,000
At 30 April 2023 45,000

The fixed assets at cost are £29,521. No depreciation is provided on this fixed assets as these are ground rent investments.

Cost or valuation at 30 April 2024 is represented by:

Land and
buildings
£   
Valuation in 2024 45,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 23,723 22,034

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 946 856
Other creditors 5,633 3,431
6,579 4,287

Northern Ground Rent Trust Limited (Registered number: NI006262)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company lent £5,000 to a company connected to the director and person connected with the director . No interest is charged on this loan.