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Registration number: 13039693

Northern Calling Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Northern Calling Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Northern Calling Ltd

Company Information

Directors

A Brummer

J Adams

Registered office

Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

Accountants

Boon and Worth Limited
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

 

Northern Calling Ltd

(Registration number: 13039693)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,355

2,075

Investment property

5

57,422

57,422

 

58,777

59,497

Current assets

 

Debtors

6

298

534

Cash at bank and in hand

 

558

828

 

856

1,362

Creditors: Amounts falling due within one year

7

(48,280)

(42,227)

Net current liabilities

 

(47,424)

(40,865)

Total assets less current liabilities

 

11,353

18,632

Creditors: Amounts falling due after more than one year

7

(34,440)

(33,572)

Net liabilities

 

(23,087)

(14,940)

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

(23,089)

(14,942)

Shareholders' deficit

 

(23,087)

(14,940)

 

Northern Calling Ltd

(Registration number: 13039693)
Balance Sheet as at 31 October 2024

For the financial year ending 31 October 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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.

Approved and authorised by the Board on 2 July 2025 and signed on its behalf by:
 

.........................................
A Brummer
Director

.........................................
J Adams
Director

 

Northern Calling Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS
England

These financial statements were authorised for issue by the Board on 2 July 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Northern Calling Ltd

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

20% Straight line method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

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 2 (2023 - 2).

 

Northern Calling Ltd

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

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 November 2023

3,602

3,602

At 31 October 2024

3,602

3,602

Depreciation

At 1 November 2023

1,527

1,527

Charge for the year

720

720

At 31 October 2024

2,247

2,247

Carrying amount

At 31 October 2024

1,355

1,355

At 31 October 2023

2,075

2,075

5

Investment properties

2024
£

At 1 November

57,422

At 31 October

57,422

There has been no valuation of investment property by an independent valuer.

 

Northern Calling Ltd

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

6

Debtors

Current

2024
£

2023
£

Trade debtors

-

401

Prepayments

297

132

Other debtors

1

1

 

298

534

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

86

25

Accruals and deferred income

1,320

1,320

Other creditors

46,874

40,882

48,280

42,227

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

34,440

33,572

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       
 

Northern Calling Ltd

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

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

34,440

33,572

10

Related party transactions

Transactions with directors

2024

At 1 November 2023
£

At 31 October 2024
£

A Brummer

(46)

(46)

J Adams

1

1

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

At 31 October 2023
£

A Brummer

(46)

-

-

(46)

J Adams

1

-

-

1

Summary of transactions with other related parties

JSA Investment Group Limitied is owed £46,828 (2023 : £40,836); a company that both the directors hold shares in.