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REGISTERED NUMBER: 14145286 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Neighbourhood Property North West Ltd

Neighbourhood Property North West Ltd (Registered number: 14145286)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Neighbourhood Property North West Ltd

Company Information
for the year ended 30 November 2024







DIRECTORS: P L Madden
T Agnew





REGISTERED OFFICE: 22 - 28 Willow Street
Accrington
Lancashire
BB5 1LP





REGISTERED NUMBER: 14145286 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Neighbourhood Property North West Ltd (Registered number: 14145286)

Abridged Balance Sheet
30 November 2024

30/11/24 30/11/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 15,019 13,792
Investment property 5 925,000 517,435
940,019 531,227

CURRENT ASSETS
Debtors 57,026 9,642
Cash at bank 42,503 62,879
99,529 72,521
CREDITORS
Amounts falling due within one year 25,119 560,040
NET CURRENT ASSETS/(LIABILITIES) 74,410 (487,519 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,014,429

43,708

CREDITORS
Amounts falling due after more than one
year

6

(693,800

)

(81,020

)

PROVISIONS FOR LIABILITIES (68,885 ) -
NET ASSETS/(LIABILITIES) 251,744 (37,312 )

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 251,736 (37,320 )
251,744 (37,312 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Neighbourhood Property North West Ltd (Registered number: 14145286)

Abridged Balance Sheet - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 June 2025 and were signed on its behalf by:





P L Madden - Director


Neighbourhood Property North West Ltd (Registered number: 14145286)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

Neighbourhood Property North West 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Neighbourhood Property North West Ltd (Registered number: 14145286)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2023 16,226
Additions 3,877
At 30 November 2024 20,103
DEPRECIATION
At 1 December 2023 2,434
Charge for year 2,650
At 30 November 2024 5,084
NET BOOK VALUE
At 30 November 2024 15,019
At 30 November 2023 13,792

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 517,435
Additions 31,718
Revaluations 375,847
At 30 November 2024 925,000
NET BOOK VALUE
At 30 November 2024 925,000
At 30 November 2023 517,435

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2024 375,847
Cost 549,153
925,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30/11/24 30/11/23
£    £   
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 693,800 -

Neighbourhood Property North West Ltd (Registered number: 14145286)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

30/11/24 30/11/23
£    £   
Other loans 693,800 -

The mortgage is secured on the property.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 November 2024 and the period ended 30 November 2023:

30/11/24 30/11/23
£    £   
P L Madden
Balance outstanding at start of year - -
Amounts advanced 12,343 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,343 -

T Agnew
Balance outstanding at start of year - -
Amounts advanced 16,849 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,849 -

9. RELATED PARTY DISCLOSURES

At the year end, the company had an outstanding balance of £23,769 owed to company's of which the directors are related to.