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Company Registration No. 15193258 (England and Wales)
North Property Group London Ltd Unaudited accounts for the period from 6 October 2023 to 31 May 2024
North Property Group London Ltd Unaudited accounts Contents
Page
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North Property Group London Ltd Company Information for the period from 6 October 2023 to 31 May 2024
Directors
Oliver Banks Timothy Coen
Company Number
15193258 (England and Wales)
Registered Office
North Property Group Unit 1 1 Brewery Wharf, Waterloo Street Leeds West Yorkshire LS10 1GX England
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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North Property Group London Ltd Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
127,184 
Current assets
Debtors
760,782 
Creditors: amounts falling due within one year
(864,488)
Net current liabilities
(103,706)
Net assets
23,478 
Capital and reserves
Called up share capital
1 
Profit and loss account
23,477 
Shareholders' funds
23,478 
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by
Timothy Coen Director Company Registration No. 15193258
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North Property Group London Ltd Notes to the Accounts for the period from 6 October 2023 to 31 May 2024
1
Statutory information
North Property Group London Ltd is a private company, limited by shares, registered in England and Wales, registration number 15193258. The registered office is North Property Group, Unit 1, 1 Brewery Wharf, Waterloo Street, Leeds, West Yorkshire, LS10 1GX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
33% Straight Line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 6 October 2023
- 
- 
- 
Additions
105,139 
32,898 
138,037 
At 31 May 2024
105,139 
32,898 
138,037 
Depreciation
Charge for the period
8,312 
2,541 
10,853 
At 31 May 2024
8,312 
2,541 
10,853 
Net book value
At 31 May 2024
96,827 
30,357 
127,184 
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North Property Group London Ltd Notes to the Accounts for the period from 6 October 2023 to 31 May 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
711,120 
Amounts due from group undertakings etc.
1 
Accrued income and prepayments
49,661 
760,782 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
162,247 
Amounts owed to group undertakings and other participating interests
416,455 
Taxes and social security
24,073 
Accruals
191,513 
Deferred income
70,200 
864,488 
7
Transactions with related parties
North Property Group Ltd The company is related to North Property Group Ltd by virtue of common control. At the balance sheet date the amount owed to North Property Group Ltd was £338,736. North Property Group Manchester Ltd The company is related to North Property Group Ltd by virtue of common control. At the balance sheet date the amount owed to North Property Group Ltd was £77,719. Residential Real Estate Global Ltd The company is a 100% subsidiary of Residential Real Estate Global Ltd. At the balance sheet date the amount due from Residential Real Estate Global Ltd was £1.
8
Controlling party
The company's parent company is Residential Real Estate Global Ltd, a company incorporated in England and Wales. For the year ended 31 May 2024, Residential Real Estate Global Ltd was controlled by Timothy Coen and Oliver Banks.
9
Average number of employees
During the period the average number of employees was 4.
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