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Company Registration No. 15193258 (England and Wales)
North Property Group London Ltd Unaudited accounts for the year ended 31 May 2025
North Property Group London Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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North Property Group London Ltd Company Information for the year ended 31 May 2025
Directors
Oliver Banks Timothy Coen
Company Number
15193258 (England and Wales)
Registered Office
North Property Group London Ltd 2nd Floor 8 - 16 Newton Street Manchester M1 2AN England
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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North Property Group London Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
99,052
127,184
Current assets
Debtors
5
544,966
760,782
Cash at bank and in hand
124,002
-
668,968
760,782
Creditors: amounts falling due within one year
6
(742,378)
(864,488)
Net current liabilities
(73,410)
(103,706)
Net assets
25,642
23,478
Capital and reserves
Called up share capital
1
1
Profit and loss account
25,641
23,477
Shareholders' funds
25,642
23,478
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2026 and were signed on its behalf by
Oliver Banks Director Company Registration No. 15193258
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North Property Group London Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
North Property Group London Ltd is a private company, limited by shares, registered in England and Wales, registration number 15193258. The registered office is North Property Group London Ltd, 2nd Floor 8 - 16 Newton Street, Manchester, M1 2AN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
33% Straight Line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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North Property Group London Ltd Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
105,139
32,898
138,037
Additions
3,939
2,119
6,058
At 31 May 2025
109,078
35,017
144,095
Depreciation
At 1 June 2024
8,312
2,541
10,853
Charge for the year
26,285
7,905
34,190
At 31 May 2025
34,597
10,446
45,043
Net book value
At 31 May 2025
74,481
24,571
99,052
At 31 May 2024
96,827
30,357
127,184
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
317,930
711,120
Amounts due from group undertakings etc.
168,350
1
Accrued income and prepayments
58,686
49,661
544,966
760,782
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
101,885
162,247
Amounts owed to group undertakings and other participating interests
141,458
416,455
Taxes and social security
20,449
24,073
Other creditors
51,459
-
Accruals
427,127
191,513
Deferred income
-
70,200
742,378
864,488
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North Property Group London Ltd Notes to the Accounts for the year ended 31 May 2025
7
Transactions with related parties
North Property Group Ltd The company is related to North Property Group Ltd by virtue of common control. At the balance sheet date the amount owed from North Property Group Ltd was £43,350. North Property Group Manchester Ltd The company is related to North Property Group Manchester Ltd by virtue of common control. At the balance sheet date the amount owed to North Property Group Manchester Ltd was £141,458. Residential Real Estate Global Ltd The company is a 100% subsidiary of Residential Real Estate Global Ltd. At the balance sheet date the amount due from Residential Real Estate Global Ltd was £125,001.
8
Controlling party
The company's parent company is Residential Real Estate Global Ltd, a company incorporated in England and Wales. For the year ended 31 May 2025, Residential Real Estate Global Ltd was controlled by Timothy Coen and Oliver Banks.
9
Average number of employees
During the year the average number of employees was 4 (2024: 0).
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