ACCOUNTS - Final Accounts preparation

Company Registration Number: 08447572

NORTH EAST BUILDING & DEVELOPMENTS LIMITED

FINANCIAL STATEMENTS

31 DECEMBER 2024

NORTH EAST BUILDING & DEVELOPMENTS LIMITED

REGISTERED NUMBER: 08447572

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Cash at bank and in hand		55,919		67,816
		55,919		67,816
Creditors: amounts falling due within one year	4	(9,374)		(13,637)
Net current assets			46,545		54,179
Total assets less current liabilities			46,545		54,179

Net assets			46,545		54,179

Capital and reserves
Called up share capital	5	141	141
Profit and loss account		46,404	54,038
		46,545	54,179

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................ Mr M F Hogan	................................................ Mr A J Turnbull
Director	Director
Date: 30 September 2025	Date:30 September 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 1

NORTH EAST BUILDING & DEVELOPMENTS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2023	141	37,235	37,376
Comprehensive income for the year
Profit for the year	-	16,803	16,803
Total comprehensive income for the year	-	16,803	16,803

At 1 January 2024	141	54,038	54,179
Comprehensive income for the year
Loss for the year	-	(7,634)	(7,634)
Total comprehensive income for the year	-	(7,634)	(7,634)
At 31 December 2024	141	46,404	46,545

The notes on pages 3 to 5 form part of these financial statements.

Page 2

NORTH EAST BUILDING & DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The Company is a private company limited by share capital, incorporated on 15 March 2013 in England and Wales, with a registered office address of Dere Street House, Bowburn North Industrial Estate, Bowburn, Durham, United Kingdom, DH6 5PF.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 company's functional and presentational currency is Sterling.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

NORTH EAST BUILDING & DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

4.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	3,389	8,047
Other taxation and social security	788	-
Accruals and deferred income	5,197	5,590
	9,374	13,637

5.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

141 (2023 - 141) Ordinary shares of £1.00 each	141	141

Page 4

NORTH EAST BUILDING & DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Controlling party

The Company's immediate parent is VB Turnbull Limited, incorporated on 6 July 2011 in England and Wales. The registered office of VB Turnbull Limited is Dere Street House, Bowburn, Durham, United Kingdom, DH6 5PF.
The parent of the largest group is Vestbrown (Newco) Limited, incorporated on 25 October 2011 in England and Wales. The registered office of Vestbrown (Newco) Limited is Dere Street House, Bowburn North Industrial Estate, Bowburn, Durham, United Kingdom, DH6 5PF. The consolidated financial statements of this group are available to the public and may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ, United Kingdom.

7.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 30 September 2025 by Simon Turner (Senior Statutory Auditor) on behalf of Armstrong Watson Audit Limited.

Page 5