Company No:
Contents
| Note | 2025 | 2024 | ||
| £'000 | £'000 | |||
| Fixed assets | ||||
| Investments | 3 |
|
|
|
| 2,060 | 2,060 | |||
| Current assets | ||||
| Debtors | 4 |
|
|
|
| 0 | 781 | |||
| Creditors: amounts falling due within one year | 5 | (
|
(
|
|
| Net current liabilities | (2,033) | (2,033) | ||
| Total assets less current liabilities | 27 | 27 | ||
| Net assets |
|
|
||
| Capital and reserves | ||||
| Called-up share capital |
|
|
||
| Share premium account |
|
|
||
| Profit and loss account |
|
|
||
| Total shareholder's funds |
|
|
Directors' responsibilities:
The financial statements of Northpoint Group Ltd (registered number:
|
A Holt
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Northpoint Group Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Globe Lane, Dukenfield, SK16 4UY , Cheshire, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £'000.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.
| 2025 | 2024 | ||
| Number | Number | ||
| The Company has no employees other than the directors, who did not receive any remuneration. |
|
|
Investments in subsidiaries
| 2025 | |
| £'000 | |
| Cost | |
| At 01 March 2024 |
|
| At 28 February 2025 |
|
| Carrying value at 28 February 2025 |
|
| Carrying value at 29 February 2024 |
|
| 2025 | 2024 | ||
| £'000 | £'000 | ||
| Amounts owed by Group undertakings |
|
|
| 2025 | 2024 | ||
| £'000 | £'000 | ||
| Amounts owed to Group undertakings |
|
|
Contingent liabilities
| 2025 | 2024 | ||
| £'000 | £'000 | ||
| Total contingent liabilities |
|
|