IRIS Accounts Production v25.1.3.33 08340973 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 0 2 false true false false true false Fair value model Ordinary £1 shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083409732023-12-31083409732024-12-31083409732024-01-012024-12-31083409732022-12-31083409732023-01-012023-12-31083409732023-12-3108340973ns15:EnglandWales2024-01-012024-12-3108340973ns14:PoundSterling2024-01-012024-12-3108340973ns10:Director12024-01-012024-12-3108340973ns10:Director22024-01-012024-12-3108340973ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3108340973ns10:SmallEntities2024-01-012024-12-3108340973ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3108340973ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3108340973ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3108340973ns10:FullAccounts2024-01-012024-12-3108340973ns10:OrdinaryShareClass12024-01-012024-12-3108340973ns10:RegisteredOffice2024-01-012024-12-3108340973ns5:CurrentFinancialInstruments2024-12-3108340973ns5:CurrentFinancialInstruments2023-12-3108340973ns5:Non-currentFinancialInstruments2024-12-3108340973ns5:Non-currentFinancialInstruments2023-12-3108340973ns5:ShareCapital2024-12-3108340973ns5:ShareCapital2023-12-3108340973ns5:FurtherSpecificReserve1ComponentTotalEquity2024-12-3108340973ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3108340973ns5:RetainedEarningsAccumulatedLosses2024-12-3108340973ns5:RetainedEarningsAccumulatedLosses2023-12-3108340973ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 08340973 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2024

for

NORTHLANDS PROPERTY LETTINGS LTD

NORTHLANDS PROPERTY LETTINGS LTD (REGISTERED NUMBER: 08340973)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHLANDS PROPERTY LETTINGS LTD

Company Information
for the Year Ended 31st December 2024







DIRECTORS: Mr K J Greenhalgh
Mrs L Greenhalgh





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 08340973 (England and Wales)





ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

NORTHLANDS PROPERTY LETTINGS LTD (REGISTERED NUMBER: 08340973)

Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Investment property 3 250,000 250,000

CURRENT ASSETS
Debtors 4 209 256
Cash at bank 2,144 25,924
2,353 26,180
CREDITORS
Amounts falling due within one year 5 2,097 1,860
NET CURRENT ASSETS 256 24,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,256

274,320

CREDITORS
Amounts falling due after more than one
year

6

(80,640

)

(109,943

)

PROVISIONS FOR LIABILITIES (21,260 ) (21,260 )
NET ASSETS 148,356 143,117

CAPITAL AND RESERVES
Called up share capital 7 100 100
Non distributable reserves 103,303 103,303
Retained earnings 44,953 39,714
SHAREHOLDERS' FUNDS 148,356 143,117

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

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

NORTHLANDS PROPERTY LETTINGS LTD (REGISTERED NUMBER: 08340973)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th May 2025 and were signed on its behalf by:




Mr K J Greenhalgh - Director



Mrs L Greenhalgh - Director


NORTHLANDS PROPERTY LETTINGS LTD (REGISTERED NUMBER: 08340973)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Northlands Property Lettings Ltd 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
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 as modified by the revaluation of certain assets.

Revenue recognition
Revenue represents the value of net rents receivable for the total period of property occupation.

Investment property
Investment properties are properties held to earn rentals, they are initially measured at cost, including transaction costs. Subsequently they are then measured at fair value on an open market basis. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value are included in the Statement of Income and Retained Earnings in the period in which they arise.

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.

Going concern
The company's ability to continue as a going concern is dependent upon the continued support of the directors. The directors do not intend to withdraw their financial support in the foreseeable future.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

NORTHLANDS PROPERTY LETTINGS LTD (REGISTERED NUMBER: 08340973)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024
and 31st December 2024 250,000
NET BOOK VALUE
At 31st December 2024 250,000
At 31st December 2023 250,000

Fair value at 31st December 2024 is represented by:
£   
Valuation in 2017 9,563
Valuation in 2022 115,000
Cost 125,437
250,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 125,437 125,437

Investment property was valued on an open market basis on 31st December 2022 by the directors .

The directors consider there has been no significant change in the property valuation in the 2024 financial year.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Prepayments 209 256

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 1,229 1,061
Accrued expenses 868 799
2,097 1,860

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Directors loan account 80,640 109,943

NORTHLANDS PROPERTY LETTINGS LTD (REGISTERED NUMBER: 08340973)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 shares £1 100 100

8. RELATED PARTY DISCLOSURES

At 31 December 2024 the company owed to its directors £80,640 (2023: £109,943). No interest has been charged to the company in respect of this loan and there is no formal repayment date for this loan.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs Greenhalgh.

The above have controlled the company throughout the period by virtue of owning 100% of the issued share capital.