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REGISTERED NUMBER: 03248657 (England and Wales)















Unaudited Financial Statements for the Year Ended 25 June 2024

for

Northill Properties Limited

Northill Properties Limited (Registered number: 03248657)

Contents of the Financial Statements
for the Year Ended 25 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northill Properties Limited

Company Information
for the Year Ended 25 June 2024







DIRECTOR: G A Robinson





REGISTERED OFFICE: Finstock Manor
Witney Road
Finstock
Chipping Norton
OX7 3DG





REGISTERED NUMBER: 03248657 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Northill Properties Limited (Registered number: 03248657)

Balance Sheet
25 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91 121

CURRENT ASSETS
Stocks - 310,504
Debtors 5 267,670 3,903,382
Investments 6 910 910
Cash at bank 64,818 822
333,398 4,215,618
CREDITORS
Amounts falling due within one year 7 704,282 2,313,371
NET CURRENT (LIABILITIES)/ASSETS (370,884 ) 1,902,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

(370,793

)

1,902,368

CREDITORS
Amounts falling due after more than one
year

8

1,492,695

2,255,378
NET LIABILITIES (1,863,488 ) (353,010 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,863,490 ) (353,012 )
(1,863,488 ) (353,010 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 June 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.

Northill Properties Limited (Registered number: 03248657)

Balance Sheet - continued
25 June 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 25 March 2025 and were signed by:





G A Robinson - Director


Northill Properties Limited (Registered number: 03248657)

Notes to the Financial Statements
for the Year Ended 25 June 2024


1. STATUTORY INFORMATION

Northill 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company/group and value added taxes.

Where the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes a financing transaction, the fair value of the consideration is measured as the present value of all future receipts using the imputed rate of interest.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Northill Properties Limited (Registered number: 03248657)

Notes to the Financial Statements - continued
for the Year Ended 25 June 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

Estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 26 June 2023
and 25 June 2024 3,882
DEPRECIATION
At 26 June 2023 3,761
Charge for year 30
At 25 June 2024 3,791
NET BOOK VALUE
At 25 June 2024 91
At 25 June 2023 121

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 417,863
Other debtors 267,670 3,485,519
267,670 3,903,382

Northill Properties Limited (Registered number: 03248657)

Notes to the Financial Statements - continued
for the Year Ended 25 June 2024


6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 910 910

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 33,998 40,739
Other creditors 670,284 2,272,632
704,282 2,313,371

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 1,492,695 2,255,378

9. RELATED PARTY DISCLOSURES

As at 30 June 2023 the company was owed £2,326,899 (2022: £2,624,385) from companies under common control of one of the directors. The balance is included within other debtors.

As at 30 June 2023 the company was owed £371,991 from ALMA 1854 Limited, a company under common control of one of the directors. The balance is included within trade debtors.

As at 30 June 2023 the company owed £1,650,647 (2022: £1,650,647) to companies under common control of one of the directors. The balance is included within other creditors.

All transactions between connected companies were under normal market conditions.