| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| NORTHERN REFRIGERATION |
| WHOLESALE (F.M.) LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| NORTHERN REFRIGERATION |
| WHOLESALE (F.M.) LIMITED |
| NORTHERN REFRIGERATION |
| WHOLESALE (F.M.) LIMITED (REGISTERED NUMBER: 03824123) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| NORTHERN REFRIGERATION |
| WHOLESALE (F.M.) LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 DECEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Statutory Auditors |
| 327 Clifton Drive South |
| Lytham St Annes |
| Lancashire |
| FY8 1HN |
| BANKERS: |
| Oxford Square |
| 1 Newhouse Road |
| Blackpool |
| Lancashire |
| FY4 4YH |
| NORTHERN REFRIGERATION |
| WHOLESALE (F.M.) LIMITED (REGISTERED NUMBER: 03824123) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 31.12.24 | 31.12.23 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| NORTHERN REFRIGERATION |
| WHOLESALE (F.M.) LIMITED (REGISTERED NUMBER: 03824123) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Northern Refrigeration Wholesale (F.M.) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| 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 financial statements have not been prepared on the going concern basis as trading effectively ceased on 31 December 2016. |
| NORTHERN REFRIGERATION |
| WHOLESALE (F.M.) LIMITED (REGISTERED NUMBER: 03824123) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Share Capital of the Company |
| Ordinary Share Capital |
| The ordinary share capital of the company is presented as equity. |
| Cash and cash equivalents |
| Cash consists of cash on hand and demand deposits. Cash equivalents consist of short term highly liquid investments that are readily convertible to known amounts of cash that are subject to an insignificant risk of change in value. |
| Other financial assets |
| Other financial assets including trade debtors for goods sold to customers on short-term credit, are initially measured at the undiscounted amount of cash receivable from that customer, which is normally the invoice price, and are subsequently measured at amortised cost less impairment, where there is objective evidence of impairment. |
| Loans and borrowings |
| All loans and borrowings, both assets and liabilities are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one year or on demand are not amortised. Loans and borrowings are classified as current assets or liabilities unless then borrower has an unconditional right to defer settlement of the liability for at least twelve months after the financial year end date. |
| Other financial liabilities |
| Trade creditors are measured at invoice price, unless payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. In this case the arrangement constitutes a financing transaction, and the financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
| Impairment of financial assets |
| At the end of each reporting period, the company assesses whether there is objective evidence of impairment of any financial assets that are measured at cost or amortised cost, including unlisted investments, loans, trade debtors and cash. If there is objective evidence of impairment, impairment losses are recognised in the Profit and Loss account in that financial year. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Amounts owed by group undertakings |
| NORTHERN REFRIGERATION |
| WHOLESALE (F.M.) LIMITED (REGISTERED NUMBER: 03824123) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 DECEMBER 2024 |
| 5. | SECURED DEBTS |
| A debenture including Fixed Charge over all present freehold and leasehold property; First Fixed Charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and First Floating Charge over all assets and undertaking both present and future dated 10 November 2008. |
| Unlimited Multilateral Guarantee dated 5 December 2008 given by NRW Holdings Limited, RG14 Limited, Northern Refrigeration Wholesale Limited, Just One Call Limited and Northern Refrigeration Wholesale (FM) Limited. |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
| value: | £ | £ |
| Ordinary | £1 | 2,400 | 2,400 |
| All Ordinary shares carry equal rights to vote and participate in dividends where declared, and carry an equal right to participate in a winding up after all non-equity distributions have been settled. |
| 7. | RESERVES |
| Retained |
| earnings |
| £ |
| Profit for the year |
| At 31 December 2024 |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 9. | ULTIMATE CONTROLLING PARTY |
| In the opinion of the directors the company is controlled by D G Byrne & D A Byrne who jointly control the majority shareholding of Fridge Spares Holdings (Wholesale) Limited. |
| 10. | ULTIMATE PARENT COMPANY |
| The Ultimate Parent Company at 31st December 2024 was Fridge Spares Holdings (Wholesale) Limited, a company registered in the Republic of Ireland, under company number 609636. |
| Northern Refrigeration Wholesale (F.M.) Limited is a wholly owned subsidiary of Fridge Spares Wholesale Ltd, itself a subsidiary of Fridge Spares (Wholesale) Limited. |
| Consolidated financial statements will be prepared by Fridge Spares Wholesale Ltd for the period to 31st December 2024 and it's registered office is Delta House, Fairway, Bridgtown, Cannock, Staffordshire, WS11 0DJ. |