3 3 Northshore House Ltd NI663834 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is development of buildings Digita Accounts Production Advanced 6.30.9574.0 true NI663834 2023-09-01 2024-08-31 NI663834 2024-08-31 NI663834 bus:OrdinaryShareClass1 2024-08-31 NI663834 core:CurrentFinancialInstruments 2024-08-31 NI663834 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 NI663834 core:Non-currentFinancialInstruments 2024-08-31 NI663834 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 NI663834 bus:SmallEntities 2023-09-01 2024-08-31 NI663834 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 NI663834 bus:FilletedAccounts 2023-09-01 2024-08-31 NI663834 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 NI663834 bus:RegisteredOffice 2023-09-01 2024-08-31 NI663834 bus:Director1 2023-09-01 2024-08-31 NI663834 bus:Director2 2023-09-01 2024-08-31 NI663834 bus:Director3 2023-09-01 2024-08-31 NI663834 bus:Director4 2023-09-01 2024-08-31 NI663834 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 NI663834 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 NI663834 countries:NorthernIreland 2023-09-01 2024-08-31 NI663834 2022-09-01 2023-08-31 NI663834 2023-08-31 NI663834 bus:OrdinaryShareClass1 2023-08-31 NI663834 core:CurrentFinancialInstruments 2023-08-31 NI663834 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 NI663834 core:Non-currentFinancialInstruments 2023-08-31 NI663834 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: NI663834

Northshore House Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Northshore House Ltd

(Registration number: NI663834)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

2,084,571

2,057,781

Debtors

5

1,211

351

Cash at bank and in hand

 

2,145

8,003

 

2,087,927

2,066,135

Creditors: Amounts falling due within one year

6

(132,870)

(111,687)

Total assets less current liabilities

 

1,955,057

1,954,448

Creditors: Amounts falling due after more than one year

6

(2,040,016)

(2,067,642)

Net liabilities

 

(84,959)

(113,194)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(85,059)

(113,294)

Shareholders' deficit

 

(84,959)

(113,194)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Northshore House Ltd

(Registration number: NI663834)
Balance Sheet as at 31 August 2024

Approved and authorised by the Board on 30 April 2025 and signed on its behalf by:
 

.........................................
Mr Andrew Robert Woodside Nelson
Director

.........................................
Mrs Linda Dorcas Nelson
Director

.........................................
David Mahon Properties Limited
Director

.........................................
Norman Raymond Hylands
Director

 

Northshore House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 60 Collin Road, Tildarg, Ballyclare, Co Antrim, BT39 9TF.

These financial statements were authorised for issue by the Board on 30 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Rental income

Rental income represents total invoiced amounts for the accounting period net of value added tax. The company recognises rental income when the amount can be reliably measured and it is probable that future economic benefits will flow to the entity.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term 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 income statement in operating expenses.

Work in progress

Work in progress is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

 

Northshore House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Work in progress

2024
£

2023
£

Work in progress

2,084,571

2,057,781

5

Debtors

Current

2024
£

2023
£

Other debtors

1,211

351

 

1,211

351

 

Northshore House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Loans and borrowings

8

4,000

4,000

Taxation and social security

 

3,818

301

Accruals and deferred income

 

8,410

2,460

Other creditors

 

116,642

104,926

 

132,870

111,687

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Loans and borrowings

8

1,940,016

1,967,642

Other non-current financial liabilities

 

100,000

100,000

 

2,040,016

2,067,642

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

21,166

24,792

Other borrowings

1,918,850

1,942,850

1,940,016

1,967,642

Current loans and borrowings

2024
£

2023
£

Bank borrowings

4,000

4,000