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REGISTERED NUMBER: 12915579 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Northern Zeitgeist Properties Limited

Northern Zeitgeist Properties Limited (Registered number: 12915579)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northern Zeitgeist Properties Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: R McGinnis





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 12915579 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Northern Zeitgeist Properties Limited (Registered number: 12915579)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 528,966 509,664

CURRENT ASSETS
Debtors 5 2,605 517
Cash at bank 3,772 501
6,377 1,018
CREDITORS
Amounts falling due within one year 6 338,173 514,997
NET CURRENT LIABILITIES (331,796 ) (513,979 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,170

(4,315

)

CREDITORS
Amounts falling due after more than one
year

7

186,349

-
NET ASSETS/(LIABILITIES) 10,821 (4,315 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,721 (4,415 )
10,821 (4,315 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Northern Zeitgeist Properties Limited (Registered number: 12915579)

Balance Sheet - continued
31 January 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 6 December 2024 and were signed by:





R McGinnis - Director


Northern Zeitgeist Properties Limited (Registered number: 12915579)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Northern Zeitgeist Properties 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the rents received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when the rent is received.

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.

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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 NIL (2023 - NIL).

Northern Zeitgeist Properties Limited (Registered number: 12915579)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 509,664
Additions 19,302
At 31 January 2024 528,966
NET BOOK VALUE
At 31 January 2024 528,966
At 31 January 2023 509,664

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 2,605 517

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 2,515 -
Other creditors 335,658 514,997
338,173 514,997

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 186,349 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 186,349 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 186,349 -

9. RELATED PARTY DISCLOSURES

Included in debtors at 31st January 2024 is £517 owed from a related party under common control. The loan is repayable on demand and interest free.

Included in creditors at 31st January 2024 is £333,859 owed to related parties under common control. The loans are repayable on demand and interest free.