Northmace & Hendon Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 1120166

Northmace & Hendon Limited

Filleted Financial Statements

30 June 2025

Northmace & Hendon Limited

Directors' Responsibilities Statement

Year ended 30 June 2025

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Northmace & Hendon Limited

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	6		579,991	481,116

Current assets

Stocks		443,663	444,810
Debtors	7	115,945	169,195
Cash at bank and in hand		263,507	305,301
		---------	---------
		823,115	919,306

Creditors: amounts falling due within one year	8	189,482		208,157
		---------		---------
Net current assets			633,633	711,149
			------------	------------
Total assets less current liabilities			1,213,624	1,192,265

Provisions	46,335	36,560
	------------	------------
Net assets	1,167,289	1,155,705
	------------	------------

Capital and reserves

Called up share capital	10	108,500	108,500
Share premium account		3,655	3,655
Profit and loss account		1,055,134	1,043,550
		------------	------------
Shareholders funds		1,167,289	1,155,705
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 27 October 2025 , and are signed on behalf of the board by:

M H J Plaut

Director

Company registration number: 1120166

Northmace & Hendon Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First floor, 1 Duchess Street, London, W1W 6AN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The principal activity of the company during the year was the supply of goods to the hotel and leisure industry. The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	Over the term of the lease
Computer, fixtures and fittings	-	20% straight line

Investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions for dilapidations are recognised on a lease by lease basis and are based on the company's best estimate of the likely committed cash outflow.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss.

Defined contribution plans

The company makes payments to personal pension schemes on behalf of certain employees. The assets of these schemes are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 9 ).

5. Tangible assets

	Leasehold improvements	Fixtures and fittings	Total
	£	£	£
Cost
At 1 July 2024 and 30 June 2025	41,517	15,729	57,246
	--------	--------	--------
Depreciation
At 1 July 2024 and 30 June 2025	41,517	15,729	57,246
	--------	--------	--------
Carrying amount
At 30 June 2025	–	–	–
	--------	--------	--------
At 30 June 2024	–	–	–
	--------	--------	--------

6. Investments

	Other investments other than loans
	£
Valuation
At 1 July 2024	481,116
Additions	222,976
Disposals	( 139,846)
Revaluations	15,745
	---------
At 30 June 2025	579,991
	---------
Impairment
At 1 July 2024 and 30 June 2025	–
	---------

Carrying amount
At 30 June 2025	579,991
	---------
At 30 June 2024	481,116
	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	112,693	169,195
Other debtors	3,252	–
	---------	---------
	115,945	169,195
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	64,103	56,095
Corporation tax	433	–
Social security and other taxes	12,229	22,227
Other creditors	112,717	129,835
	---------	---------
	189,482	208,157
	---------	---------

9. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	579,991	481,116
	---------	---------

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	108,500	108,500	108,500	108,500
	---------	---------	---------	---------

The total number of options granted under the Enterprise Management Incentive plan, which remain unexercised at the year end amounted to Nil (2024: Nil).

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	11,200	11,200
Later than 1 year and not later than 5 years	23,333	34,533
	--------	--------
	34,533	45,733
	--------	--------

12. Summary audit opinion

The auditor's report dated 15 November 2025 was unqualified .

The senior statutory auditor was P Mattei , for and on behalf of Leaman Mattei .

13. Related party transactions

During the period, the company paid rent of £10,250 (2024: £10,250) to Duck Island Limited, a company controlled by M H J Plaut and a close family member. The company received management charges of £14,500 (2024: £14,500) and recharged salary costs of £25,791 (2024: £25,791) from Duck Island Limited.

14. Controlling party

The ultimate controlling party is M H J Plaut and a close family member.