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NORTHANDSOUTH ESTATES LIMITED

Registered Number
12805988
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

NORTHANDSOUTH ESTATES LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

C S Howarth
R A Rees

Registered Address

12a Marlborough Place
Brighton
BN1 1WN

Registered Number

12805988 (England and Wales)
NORTHANDSOUTH ESTATES LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3638,009638,009
638,009638,009
Current assets
Cash at bank and on hand4,6036,110
4,6036,110
Creditors amounts falling due within one year4(722,613)(716,585)
Net current assets (liabilities)(718,010)(710,475)
Total assets less current liabilities(80,001)(72,466)
Net assets(80,001)(72,466)
Capital and reserves
Called up share capital100100
Profit and loss account(80,101)(72,566)
Shareholders' funds(80,001)(72,466)
The financial statements were approved and authorised for issue by the Board of Directors on 20 March 2025, and are signed on its behalf by:
R A Rees
Director
Registered Company No. 12805988
NORTHANDSOUTH ESTATES LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investment property
Investment property is included at fair value determined annually by external valuers or the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 September 23638,009638,009
At 31 August 24638,009638,009
Net book value
At 31 August 24638,009638,009
At 31 August 23638,009638,009
4.Creditors: amounts due within one year

2024

2023

££
Other creditors721,953715,985
Accrued liabilities and deferred income660600
Total722,613716,585
5.Directors advances, credits and guarantees
At the year-end Director loan account had a credit balance of £113,952 (2023: £112,984).
6.Related party transactions
Included in the financial statements is the following balance with a related party: Northandsouth London Ltd, a company under common control: Creditors: Amounts falling due within one year £608,001 (2023: £603,001).