ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 11344325

NORTH LONDON PROPERTY GROUP LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

NORTH LONDON PROPERTY GROUP LTD

REGISTERED NUMBER: 11344325

BALANCE SHEET

AS AT 31 MARCH 2025

	2025	2025	2024	2024
Note	£	£	£	£

Fixed assets
Investments	4		4,808,696		4,808,696
Current assets
Debtors: amounts falling due within one year	5	197		100
Cash at bank and in hand		447,364		420,411
		447,561		420,511
Creditors: amounts falling due within one year	6	(180,593)		(204,485)
Net current assets			266,968		216,026
Creditors: amounts falling due after more than one year	7		(1,734,884)		(1,734,884)

Net assets			3,340,780		3,289,838

Capital and reserves
Called up share capital	1,000	1,000
Share premium account	3,312,502	3,312,502
Profit and loss account	27,278	(23,664)
	3,340,780	3,289,838

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NORTH LONDON PROPERTY GROUP LTD

REGISTERED NUMBER: 11344325

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 income and retained earnings 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 on 29 October 2025.

Mr J Morgan

Director

The notes on pages 3 to 6 form part of these financial statements.

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NORTH LONDON PROPERTY GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

North London Property Group Ltd ("the Company") is a Company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

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 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:

Rental income
Rental income from operating leases is recognised on a straight line basis over the term of the lease.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in Statement of income and retained earnings in the year in which they are incurred.

2.6

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 balance sheet date in the countries where the Company operates and generates income.

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NORTH LONDON PROPERTY GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Investment property

Investment property is carried at fair value determined annually by the director or external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

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.

2.10

Creditors

Short term creditors are measured at the transaction price.

2.11

Financial instruments

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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NORTH LONDON PROPERTY GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Fixed asset investments

		Investment properties
		£
	Cost or valuation
	At 1 April 2024	4,808,696
	At 31 March 2025	4,808,696

	Net book value
	At 31 March 2025	4,808,696
	At 31 March 2024	4,808,696

In the opinion of the director, the value of the investment properties have not materially changed since acquisition date.
Included in investment properties are properties held for use in operating leases with a value of £4,808,696. Rental income generated from operating leases in the year amounted to £287,964 (2024 - £281,592).

Debtors

					2025	2024
					£	£


Prepayments	197	100

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	6,008	-
Other creditors	169,371	186,051
Accruals and deferred income	5,214	18,434
	180,593	204,485

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NORTH LONDON PROPERTY GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Bank loans	1,734,884	1,734,884

The loans are secured over the investment properties held by the Company.




Amounts falling due after more than 5 years
Bank loans	1,734,884	1,734,884

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