IRIS Accounts Production v24.3.2.46 10469846 Board of Directors 1.10.23 30.9.24 30.9.24 28.3.2025 0 0 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104698462023-09-30104698462024-09-30104698462023-10-012024-09-30104698462022-09-30104698462022-10-012023-09-30104698462023-09-3010469846ns15:EnglandWales2023-10-012024-09-3010469846ns14:PoundSterling2023-10-012024-09-3010469846ns10:Director12023-10-012024-09-3010469846ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3010469846ns10:SmallEntities2023-10-012024-09-3010469846ns10:Audited2023-10-012024-09-3010469846ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3010469846ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3010469846ns10:FullAccounts2023-10-012024-09-3010469846ns10:OrdinaryShareClass12023-10-012024-09-3010469846ns10:Director22023-10-012024-09-3010469846ns10:Director32023-10-012024-09-3010469846ns10:CompanySecretary12023-10-012024-09-3010469846ns10:RegisteredOffice2023-10-012024-09-3010469846ns5:CurrentFinancialInstruments2024-09-3010469846ns5:CurrentFinancialInstruments2023-09-3010469846ns5:ShareCapital2024-09-3010469846ns5:ShareCapital2023-09-3010469846ns5:RetainedEarningsAccumulatedLosses2024-09-3010469846ns5:RetainedEarningsAccumulatedLosses2023-09-3010469846ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3010469846ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3010469846ns10:OrdinaryShareClass12024-09-3010469846ns5:RetainedEarningsAccumulatedLosses2023-09-3010469846ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-30
REGISTERED NUMBER: 10469846 (England and Wales)


















North Street (Gainsborough) Limited

Financial Statements for the Year Ended 30th September 2024






North Street (Gainsborough) Limited (Registered number: 10469846)






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


North Street (Gainsborough) Limited

Company Information
for the year ended 30th September 2024







DIRECTORS: M Dransfield
S J Stead
J E Shepherd





SECRETARY: S Burgess





REGISTERED OFFICE: Dransfield House
2 Fox Valley Way
Fox Valley
Sheffield
South Yorkshire
S36 2AB





REGISTERED NUMBER: 10469846 (England and Wales)





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

North Street (Gainsborough) Limited (Registered number: 10469846)

Balance Sheet
30th September 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 100 640
Cash at bank 3,399 14,511
3,499 15,151
CREDITORS
Amounts falling due within one year 5 3,399 9,807
NET CURRENT ASSETS 100 5,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

5,344

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 - 5,244
SHAREHOLDERS' FUNDS 100 5,344

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 28th March 2025 and were signed on its behalf by:





M Dransfield - Director


North Street (Gainsborough) Limited (Registered number: 10469846)

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

1. STATUTORY INFORMATION

North Street (Gainsborough) 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
The financial statements have been prepared in accordance with applicable accounting standards including 'Section 1A "Small Entities" of Financial Reporting Standard 102 the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT. The policies adopted for the recognition of turnover are as follows:

Turnover from the rental of premises and related service charges are accounted for on a straight line basis over the lease term. The company treats any general incentive for lessees to enter into a lease agreement as a revenue cost and accounts for rental income from the lease commencement date. The cost of all lease incentives is therefore offset against the total rent due.

Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or 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 or other future taxable profits. In addition deferred tax is only recognised on accelerated capital allowances on plant in Investment properties where the difference in tax treatment is not considered to be permanent in view of the available tax elections on disposal.

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.

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 statement of comprehensive income in other administrative expenses.

Finance charges
Finance charges incurred relating directly to the construction of tangible fixed assets are capitalised as part of that asset cost. Capitalisation is limited to the period during which the development is ongoing.

North Street (Gainsborough) Limited (Registered number: 10469846)

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

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 100 640

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 3,399 7,229
Other creditors - 2,578
3,399 9,807

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1st October 2023 5,244
Profit for the year 349
Dividends (5,593 )
At 30th September 2024 -

Retained earnings
Retained earnings represents cumulative profits and losses net of dividends and other adjustments.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Lamb FCA CF (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

North Street (Gainsborough) Limited (Registered number: 10469846)

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

10. CONTROL RELATIONSHIPS

The company is controlled by Mark Dransfield.

Ultimate parent company
The company's parent company is Dransfield Properties Limited. The registered office of this company is the same as can be found on page 1 of these financial statements.

The company's ultimate parent company is Dransfield Properties Investments Limited. The registered office of this company is the same as can be found on page 1 of these financial statements.

The smallest group in which the results of the company are consolidated is that headed by Dransfield Properties Limited, and the largest group that headed by Dransfield Properties Investments Limited. The consolidated financial statements of both groups are available to the public and may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.