Niagara House Limited |
Notes to the Accounts |
for the year ended 30 September 2024 |
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1 |
Accounting policies |
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Turnover |
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Turnover consists of contributins to pay expenss from members. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings |
over 50 years |
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Leasehold land and buildings |
over the lease term |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 October 2023 |
5,500 |
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At 30 September 2024 |
5,500 |
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Depreciation |
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At 30 September 2024 |
- |
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Net book value |
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At 30 September 2024 |
5,500 |
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At 30 September 2023 |
5,500 |
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4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
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Other debtors |
8,773 |
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5,473 |
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5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
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Other creditors |
38,628 |
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19,436 |
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6 |
Other information |
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Niagara House Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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55 Fordhook Avenue |
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London |
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W5 3LS |