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REGISTERED NUMBER: 03824123 (England and Wales)









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: Mr P Barrow
Mr D G Byrne
Mr B Liffey


REGISTERED OFFICE: Delta House
Fairway
Cannock
Staffordshire
WS11 0DJ


REGISTERED NUMBER: 03824123 (England and Wales)


SENIOR STATUTORY AUDITOR: Gareth Maddock


AUDITORS: Whitehead & Howarth
Statutory Auditors
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN


BANKERS: HSBC
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 2,400 2,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,400

2,400

CAPITAL AND RESERVES
Called up share capital 6 2,400 2,400
SHAREHOLDERS' FUNDS 2,400 2,400

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 10 August 2025 and were signed on its behalf by:





Mr B Liffey - Director


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 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.

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 2,400 2,400

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: £    £   
2,400 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.

Gareth Maddock (Senior Statutory Auditor)
for and on behalf of Whitehead & Howarth

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.