Company registration number 04476868 (England and Wales)
NORTHARD LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
NORTHARD LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
NORTHARD LTD
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
112,538
114,398
Investment property
4
8,319,467
8,104,819
Investments
5
231
231
8,432,236
8,219,448
Current assets
Debtors
6
2,950,092
3,333,523
Cash at bank and in hand
764,050
210,299
3,714,142
3,543,822
Creditors: amounts falling due within one year
7
(3,639,261)
(3,548,611)
Net current assets/(liabilities)
74,881
(4,789)
Total assets less current liabilities
8,507,117
8,214,659
Creditors: amounts falling due after more than one year
8
(2,845,904)
(2,843,308)
Provisions for liabilities
(327,928)
(286,469)
Net assets
5,333,285
5,084,882
Capital and reserves
Called up share capital
96
96
Profit and loss reserves
5,333,189
5,084,786
Total equity
5,333,285
5,084,882
NORTHARD LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2025
31 July 2025
- 2 -

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 16 April 2026
Mr Howard Kauffman
Director
Company registration number 04476868 (England and Wales)
NORTHARD LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
1
Accounting policies
Company information

Northard Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 74 Coleman Street, London, EC2R 5BN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
60 months or Lease term if shorter
Plant and equipment
25% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance
1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

NORTHARD LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
NORTHARD LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 August 2024
85,505
67,675
153,180
Additions
5,242
26,658
31,900
At 31 July 2025
90,747
94,333
185,080
Depreciation and impairment
At 1 August 2024
22,762
16,020
38,782
Depreciation charged in the year
19,026
14,734
33,760
At 31 July 2025
41,788
30,754
72,542
Carrying amount
At 31 July 2025
48,959
63,579
112,538
At 31 July 2024
62,743
51,655
114,398
4
Investment property
2025
£
Fair value
At 1 August 2024
8,104,818
Additions
714,649
Disposals
(500,000)
At 31 July 2025
8,319,467

5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
231
231
NORTHARD LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
5,141
36,569
Amounts owed by group undertakings and undertakings in which the company has a participating interest
2,379,737
2,453,205
Other debtors
565,214
843,749
2,950,092
3,333,523
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
66,667
18,333
Trade creditors
43,272
45,028
Corporation tax
11,038
23,696
Other taxation and social security
196,585
22,721
Other creditors
3,321,699
3,438,833
3,639,261
3,548,611
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,834,583
2,821,667
Other creditors
11,321
21,641
2,845,904
2,843,308
9
Related party disclosures

Northard (Tonbridge) Limited, the company's subsidiary , owed the company £40,993 (202 4: £39,961 ) at the balance sheet date.

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