Company registration number 13373199 (England and Wales)
NORTHGATE PROPERTY BATH LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
NORTHGATE PROPERTY BATH LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
NORTHGATE PROPERTY BATH LTD
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
796,000
796,000
Current assets
Debtors
4
6,087
5,848
Cash at bank and in hand
398,553
513,579
404,640
519,427
Creditors: amounts falling due within one year
5
(11,154)
(5,424)
Net current assets
393,486
514,003
Net assets
1,189,486
1,310,003
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
1,189,386
1,309,903
Total equity
1,189,486
1,310,003

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

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

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 19 April 2026 and are signed on its behalf by:
Mr M R Lynch
Mrs J M Lynch
Director
Director
Company Registration No. 13373199
NORTHGATE PROPERTY BATH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Northgate Property Bath Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Northgate Training Ltd, Viewmel House, St Johns Road, Bathwick, Bath, Somerset, BA2 6PH.

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 £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value

1.2
Going concern

A t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
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.

1.4
Investment properties

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
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

NORTHGATE PROPERTY BATH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
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.

NORTHGATE PROPERTY BATH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
2
Employees

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

2025
2024
Number
Number
Total
0
0
3
Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025
796,000

Investment property comprises 3 properties that have been transferred from Northgate Training Ltd (an associated company) at their fair value of £796,000. The fair value of the investment property was arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The directors believe that the fair value of the properties is still the same at the Balance Sheet date.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
6,087
5,848
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
10,253
4,703
Other creditors
901
721
11,154
5,424
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary Shares of £1 each
60
60
60
60
T Ordinary Shares of £1 each
40
40
40
40
100
100
100
100
NORTHGATE PROPERTY BATH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
7
Directors' transactions

Dividends totalling £75,000 (2024 - £3,678) were paid in the year in respect of shares held by the company's directors.

2025-12-31 2025-01-01 false false false 19 April 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr M R Lynch Mrs J M Lynch 13373199 2025-01-01 2025-12-31 13373199 2025-12-31 13373199 2024-12-31 13373199 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 13373199 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 13373199 core:CurrentFinancialInstruments 2025-12-31 13373199 core:CurrentFinancialInstruments 2024-12-31 13373199 core:ShareCapital 2025-12-31 13373199 core:ShareCapital 2024-12-31 13373199 core:RetainedEarningsAccumulatedLosses 2025-12-31 13373199 core:RetainedEarningsAccumulatedLosses 2024-12-31 13373199 core:ShareCapitalOrdinaryShareClass1 2025-12-31 13373199 core:ShareCapitalOrdinaryShareClass1 2024-12-31 13373199 core:ShareCapitalOrdinaryShareClass2 2025-12-31 13373199 core:ShareCapitalOrdinaryShareClass2 2024-12-31 13373199 core:ShareCapitalOrdinaryShares 2025-12-31 13373199 core:ShareCapitalOrdinaryShares 2024-12-31 13373199 bus:Director1 2025-01-01 2025-12-31 13373199 bus:Director2 2025-01-01 2025-12-31 13373199 2024-01-01 2024-12-31 13373199 2024-12-31 13373199 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 13373199 bus:OrdinaryShareClass2 2025-01-01 2025-12-31 13373199 bus:OrdinaryShareClass1 2025-12-31 13373199 bus:OrdinaryShareClass1 2024-12-31 13373199 bus:OrdinaryShareClass2 2025-12-31 13373199 bus:OrdinaryShareClass2 2024-12-31 13373199 bus:AllOrdinaryShares 2025-12-31 13373199 bus:AllOrdinaryShares 2024-12-31 13373199 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13373199 bus:FRS102 2025-01-01 2025-12-31 13373199 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 13373199 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 13373199 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP