Registered number
06856798
North London Trading Company Limited
Filleted Accounts
31 July 2024

North London Trading Company Limited | Registered number
Balance Sheet | 06856798
as at 31 July 2024
Notes |  |  | 2024 |  |  | 2023
£ | £
Fixed assets
Tangible assets | 3 |  |  | 2,880 |  |  | 3,840
Investments | 4 |  |  | 142,746 |  |  | 142,746
|  |  |  | 145,626 |  |  | 146,586
Current assets
Debtors | 5 |  | 1,052,709 |  |  | 901,829
Cash at bank and in hand |  |  | 6,005 |  |  | 1,324
|  |  | 1,058,714 |  |  | 903,153
Creditors: amounts falling due within one year | 6 |  | (1,139,114) |  |  | (989,123)
Net current liabilities |  |  |  | (80,400) |  |  | (85,970)
Total assets less current liabilities |  |  |  | 65,226 |  |  | 60,616
Creditors: amounts falling due after more than one year | 7 |  |  | (26,651) |  |  | (32,165)
Net assets |  |  |  | 38,575 |  |  | 28,451
Capital and reserves
Called up share capital |  |  |  | 2 |  |  | 2
Profit and loss account |  |  |  | 38,573 |  |  | 28,449
Shareholders' funds |  |  |  | 38,575 |  |  | 28,451
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P A L Smith
Director
Approved by the board on 22 October 2025

North London Trading Company Limited
Notes to the Accounts
for the year ended 31 July 2024
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by section 1A of the standard.
| Group accounts
| The company and its subsidiary company comprise a small-sized group and the company is therefore not required to prepare group accounts. Accordingly, the financial statements present information about the company as an individual undertaking rather than consolidated accounts for the group.
| Investments
| The investment in the subsidiary company is stated at cost, subject to a provision for diminution in value should the market value be considered to be less than its cost.
| Turnover
| Turnover represents commission, fees and rents receivable.
| Tangible fixed assets and depreciation
| Tangible fixed assets are measured at cost less depreciation. Depreciation has been provided at the following rate in order to write off the assets over their estimated useful lives:
| Equipment - | 25% p.a. on the reducing balance basis
2 | Employees | 2024 |  | 2023
Number | Number
| Average number of employees and company officers | 2 |  | 2
3 | Tangible fixed assets
|  |  |  |  |  | Equipment
£
| Cost
| At 1 August 2023 | 16,507
| At 31 July 2024 | 16,507
| Depreciation
| At 1 August 2023 | 12,667
| Charge for the year | 960
| At 31 July 2024 | 13,627
| Net book value
| At 31 July 2024 | 2,880
| At 31 July 2023 | 3,840
4 | Investments
Subsidiary
undertaking
£
| Cost
| At 1 August 2023 | 142,746
| At 31 July 2024 | 142,746
5 | Debtors | 2024 |  | 2023
£ | £
| Amounts owed by related companies |  | 1,031,099 |  | 887,968
| Other debtors | 21,610 |  | 13,861
|  |  |  |  |  | 1,052,709 |  | 901,829
6 | Creditors: amounts falling due within one year | 2024 |  | 2023
£ | £
| Bank loan | 5,514 |  | 5,514
| Trade creditors | 15,260 |  | 9,139
| Amounts owed to subsidiary company |  | 627,465 |  | 519,185
| Amounts owed to related companies |  | 313,233 |  | 318,105
| Corporation tax |  |  |  |  | 165,182 |  | 121,091
| Other creditors | 12,460 |  | 16,089
|  |  |  |  |  | 1,139,114 |  | 989,123
7 | Creditors: amounts falling due after one year | 2024 |  | 2023
£ | £
| Bank loan | 26,651 |  | 32,165
8 | Loans | 2024 |  | 2023
£ | £
| Creditors include:
| Instalments falling due after more than five years | 4,595 |  | 10,109
9 | Controlling parties
| At 31 July 2024 the company was controlled by the director, Mr P A L Smith, and his wife since between them they owned the company's entire issued share capital.
10 | Other information
| North London Trading Company Limited is a private company limited by shares and incorporated in England. Its registered office is 6 Crown Street, Brentwood, Essex CM14 4BA.

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