For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

George North Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bradbury House, Mission Court, Newport, Gwent, NP20 2DW.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for promotional services provided. Turnover represents the value of goods and services provided in the normal course of business excluding VAT.

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The average monthly number of persons (including directors) employed by the company during the year was:

Dividends totalling £0 (2024: £1,000) were paid in the year in respect of shares held by the company's director.

The director operates a current loan account with the company, which is debited with payments made by the company on behalf of the director and credited with funds introduced and undrawn director's fees. At the year end the amount outstanding to the director was £14,274 (2024: £6,620). This amount being included in creditors; amounts falling due within one year.

At 31 March 2025 VF Engineering owed George North Limited £36,000 (2024: £46,000). This amount being included in debtors: amounts falling due within one year.

At 31 March 2025 Dragon Wind Energy (Anglesey) Ltd owed George North Limited £21,335 (2024: £41,335). This amount being included in debtors: amounts falling due within one year.

Mr D North, the father of the director Mr G North, is a director of both VF Engineering Ltd and Dragon Wind Energy (Anglesey) Ltd.

At 31 March 2025 Southern Try Management Ltd owed George North Limited £215,327 (2024: £215,327). This amount being included in debtors: amounts falling due within one year.

Mr G North is a director of both George North Limited and Southern Try Management Ltd.

At 31 March 2025 North Osteopathy Ltd owed George North Limited £22,000 (2024: £22,000). This amount being included in debtors: amounts falling due within one year.

Mr J North, the brother of the director Mr G North, is director of North Osteopathy Ltd.

At 31 March 2025 Mrs E Vasey owed George North Limited £34,022 (2024: £34,022). This amount being included in debtors: amounts falling due within one year.

Mrs E Vasey is the aunt of the director Mr G North.

At 31 March 2025 TFSLET Ltd owed George North Limited £40,000 (2024: £40,000). This amount being included in debtors: amounts falling due within one year.

At 31 March 2025 Baffle Culture Ltd owed George North Limited £41,600 (2024: £10,600). This amount being included in debtors: amounts falling due within one year.

Mr G North is a director of both George North Limited and Baffle Culture Ltd.