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REGISTERED NUMBER: 10702973 (England and Wales)






















Northland Private Equity Limited

Unaudited Financial Statements for the Year Ended 30th September 2024






Northland Private Equity Limited (Registered number: 10702973)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Northland Private Equity Limited

Company Information
for the year ended 30th September 2024







DIRECTORS: Ms D M Walwyn
F E Walwyn
R A Johnson
Ms T A Maciver





SECRETARY: R Johnson





REGISTERED OFFICE: Prince Frederick House
35-39 Maddox Street
London
W15 2PP





REGISTERED NUMBER: 10702973 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Northland Private Equity Limited (Registered number: 10702973)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,420,027 3,420,027

CURRENT ASSETS
Debtors 5 808 7,537
Cash at bank 107 1,052
915 8,589
CREDITORS
Amounts falling due within one year 6 3,420,740 3,495,529
NET CURRENT LIABILITIES (3,419,825 ) (3,486,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

202

(66,913

)

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 198 (66,917 )
202 (66,913 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 6th March 2025 and were signed on its behalf by:





R A Johnson - Director


Northland Private Equity Limited (Registered number: 10702973)

Notes to the Financial Statements
for the year ended 30th September 2024

1. STATUTORY INFORMATION

Northland Private Equity 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Northland Private Equity Limited as an individual company and do not contain consolidated financial information as the parent of a group. As the company is the parent of a small group, it has taken the option under section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current and past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Northland Private Equity Limited (Registered number: 10702973)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

2. ACCOUNTING POLICIES - continued

Going concern
The directors prepare financial forecasts and monitor performance of the company on an ongoing basis. The shareholders and subsidiary undertaking have confirmed notwithstanding the net liability position at the period end that it does not currently intend to request payment of the loan balances (nor does it foresee the need to do so) due to it unless the company has sufficient funds to be able to make such repayments and still meet its obligations and liability sas they fall due for the foreseeable future.

The shareholders have also undertaken to provide continued financial support so that the company is able to pay its debts as and when they fall due.

On this basis, the directors have reasonable expectation that the company has adequate funding and resource to meet its obligations and liabilities as they fall due for at least 12 months from the date of approval of these financial statements and accordingly the Director's have prepared the financial statements on the going concern basis.

Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st October 2023
and 30th September 2024 3,420,027
NET BOOK VALUE
At 30th September 2024 3,420,027
At 30th September 2023 3,420,027

Northland Private Equity Limited (Registered number: 10702973)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Sandco 1101 Limited
Registered office: Unit 1-2 Brighton Street Industrial Estate, Freightliner Road, Kingston Upon Hull, East Yorkshire, HU3 4UW
Nature of business: Holding company
%
Class of shares: holding
Ordinary 100.00
Preference 100.00
2024 2023
£    £   
Aggregate capital and reserves 215,000 215,000
Profit for the year 80,000 -

Bootyman Printers Limited
Registered office: Unit 1-2 Brighton Street Industrial Estate, Freightliner Road, Kingston Upon Hull, East Yorkshire, HU3 4UW
Nature of business: Print and packaging company
%
Class of shares: holding
Ordinary 100.00
Redeemable Preference 100.00
2024 2023
£    £   
Aggregate capital and reserves 2,780,333 2,749,745
Profit/(loss) for the year 110,588 (28,273 )

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 808 7,537

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 2,243,930 2,322,052
Other creditors 1,176,810 1,173,477
3,420,740 3,495,529