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
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
North Property Group London Ltd
Statement of financial position
as at 31 May 2024
Creditors: amounts falling due within one year
(864,488)
Net current liabilities
(103,706)
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
North Property Group London Ltd
Notes to the Accounts
for the period from 6 October 2023 to 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
Additions
105,139
32,898
138,037
At 31 May 2024
105,139
32,898
138,037
Charge for the period
8,312
2,541
10,853
At 31 May 2024
8,312
2,541
10,853
At 31 May 2024
96,827
30,357
127,184
North Property Group London Ltd
Notes to the Accounts
for the period from 6 October 2023 to 31 May 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
1
Accrued income and prepayments
49,661
6
Creditors: amounts falling due within one year
2024
Amounts owed to group undertakings and other participating interests
416,455
Taxes and social security
24,073
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.
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.