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Company Registration No. 15924994 (England and Wales)
Northside Farms Limited Unaudited accounts for the period from 29 August 2024 to 31 December 2025
Northside Farms Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Northside Farms Limited Company Information for the period from 29 August 2024 to 31 December 2025
Director
Olivia Lockey
Company Number
15924994 (England and Wales)
Registered Office
Northside Farm Horsley Newcastle upon Tyne Tyne and Wear NE15 0LZ England
Accountants
Harris 21 Ltd 54 St Georges Terrace Jesmond Newcastle Upon Tyne NE2 2SY
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Northside Farms Limited Statement of financial position as at 31 December 2025
2025
Notes
£
Fixed assets
Intangible assets
4
74,687
Tangible assets
5
169,965
Investments
6
936,781
1,181,433
Current assets
Inventories
2,000
Debtors
7
13,023
Cash at bank and in hand
33,797
48,820
Creditors: amounts falling due within one year
8
(151,488)
Net current liabilities
(102,668)
Total assets less current liabilities
1,078,765
Creditors: amounts falling due after more than one year
9
(1,077,272)
Net assets
1,493
Capital and reserves
Profit and loss account
1,493
Shareholders' funds
1,493
For the period ending 31 December 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 director acknowledges her 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 and authorised for issue on 11 May 2026 and were signed on its behalf by
Olivia Lockey Director Company Registration No. 15924994
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Northside Farms Limited Notes to the Accounts for the period from 29 August 2024 to 31 December 2025
1
Statutory information
Northside Farms Limited is a private company, limited by shares, registered in England and Wales, registration number 15924994. The registered office is Northside Farm, Horsley, Newcastle upon Tyne, Tyne and Wear, NE15 0LZ, 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 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.
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:
Land & buildings
No Depreciation
Plant & machinery
Reducing Balance 15%
Motor vehicles
Reducing Balance 55%
Fixtures & fittings
Reducing Balance 15%
Computer equipment
Straight Line over 3 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised over five years.
4
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 29 August 2024
-
-
-
Additions
100,000
1,354
101,354
At 31 December 2025
100,000
1,354
101,354
Amortisation
At 29 August 2024
-
-
-
Charge for the period
26,667
-
26,667
At 31 December 2025
26,667
-
26,667
Net book value
At 31 December 2025
73,333
1,354
74,687
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Northside Farms Limited Notes to the Accounts for the period from 29 August 2024 to 31 December 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 29 August 2024
-
-
-
-
-
-
Additions
102,612
41,738
7,374
49,530
2,205
203,459
At 31 December 2025
102,612
41,738
7,374
49,530
2,205
203,459
Depreciation
Charge for the period
13,682
7,780
2,458
9,062
512
33,494
At 31 December 2025
13,682
7,780
2,458
9,062
512
33,494
Net book value
At 31 December 2025
88,930
33,958
4,916
40,468
1,693
169,965
6
Investments
Other investments
£
Valuation at 29 August 2024
-
Additions
936,781
Valuation at 31 December 2025
936,781
7
Debtors
2025
£
Amounts falling due within one year
Deferred tax asset
11,491
Accrued income and prepayments
1,532
13,023
8
Creditors: amounts falling due within one year
2025
£
Bank loans and overdrafts
16,417
VAT
3,128
Taxes and social security
16,403
Loans from directors
79,185
Accruals
522
Deferred income
35,833
151,488
9
Creditors: amounts falling due after more than one year
2025
£
Bank loans
275,469
Loans from directors
801,803
1,077,272
- 6 -
Northside Farms Limited Notes to the Accounts for the period from 29 August 2024 to 31 December 2025
10
Average number of employees
During the period the average number of employees was 3.
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