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REGISTERED NUMBER: 05063040 (England and Wales)





















NORTHAMPTON SCIENCE PARK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






NORTHAMPTON SCIENCE PARK LIMITED (REGISTERED NUMBER: 05063040)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


NORTHAMPTON SCIENCE PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R Weatherley
Mrs C Weatherley
N Weatherley





SECRETARY: Mrs C Weatherley





REGISTERED OFFICE: Newton House
Kings Park Road
Moulton Park Ind Estate
Northampton
Northamptonshire
NN3 6LG





REGISTERED NUMBER: 05063040 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

NORTHAMPTON SCIENCE PARK LIMITED (REGISTERED NUMBER: 05063040)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 109,730 118,677
Investment property 5 5,500,000 5,500,000
5,609,730 5,618,677

CURRENT ASSETS
Debtors 6 23,357 18,665
Cash at bank 94,943 111,011
118,300 129,676
CREDITORS
Amounts falling due within one year 7 135,120 112,427
NET CURRENT (LIABILITIES)/ASSETS (16,820 ) 17,249
TOTAL ASSETS LESS CURRENT LIABILITIES 5,592,910 5,635,926

CREDITORS
Amounts falling due after more than one
year

8

(1,036,387

)

(1,338,285

)

PROVISIONS FOR LIABILITIES (24,756 ) (24,841 )
NET ASSETS 4,531,767 4,272,800

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 206,119 206,119
Retained earnings 4,325,646 4,066,679
SHAREHOLDERS' FUNDS 4,531,767 4,272,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

NORTHAMPTON SCIENCE PARK LIMITED (REGISTERED NUMBER: 05063040)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:





Mrs C Weatherley - Director


NORTHAMPTON SCIENCE PARK LIMITED (REGISTERED NUMBER: 05063040)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Northampton Science Park 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furnishings - 15% on reducing balance
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Office equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

NORTHAMPTON SCIENCE PARK LIMITED (REGISTERED NUMBER: 05063040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

Debtors and creditors
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.

Government grants
Grants are accounted for under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income,

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office
Furnishings machinery equipment Totals
£    £    £    £   
COST
At 1 January 2024 96,769 108,119 3,485 208,373
Additions 9,505 - - 9,505
At 31 December 2024 106,274 108,119 3,485 217,878
DEPRECIATION
At 1 January 2024 77,103 10,194 2,399 89,696
Charge for year 3,427 14,754 271 18,452
At 31 December 2024 80,530 24,948 2,670 108,148
NET BOOK VALUE
At 31 December 2024 25,744 83,171 815 109,730
At 31 December 2023 19,666 97,925 1,086 118,677

NORTHAMPTON SCIENCE PARK LIMITED (REGISTERED NUMBER: 05063040)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 5,500,000
NET BOOK VALUE
At 31 December 2024 5,500,000
At 31 December 2023 5,500,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,803 4,032
Other debtors 13,554 14,633
23,357 18,665

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,143 10,149
Taxation and social security 113,087 87,406
Other creditors 11,890 14,872
135,120 112,427

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,036,387 1,338,285

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 206,119