Registration number: 03277332

Northern Developments (Cumbria) Limited

Contents

Accountants' Report	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	4

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Northern Developments (Cumbria) Limited
for the Year Ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Northern Developments (Cumbria) Limited for the year ended 31 August 2025 as set out on pages 2 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Northern Developments (Cumbria) Limited, as a body, in accordance with the terms of our engagement letter dated 12 September 2022. Our work has been undertaken solely to prepare for your approval the accounts of Northern Developments (Cumbria) Limited and state those matters that we have agreed to state to the Board of Directors of Northern Developments (Cumbria) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Northern Developments (Cumbria) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Northern Developments (Cumbria) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Northern Developments (Cumbria) Limited. You consider that Northern Developments (Cumbria) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Northern Developments (Cumbria) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

16 March 2026

Northern Developments (Cumbria) Limited

(Registration number: 03277332)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	17,594	20,148
Current assets
Debtors	5	1,034,088	2,105,112
Cash at bank and in hand		1,218,399	1,384,447
		2,252,487	3,489,559
Creditors: Amounts falling due within one year	6	(139,055)	(191,124)
Net current assets		2,113,432	3,298,435
Total assets less current liabilities		2,131,026	3,318,583
Creditors: Amounts falling due after more than one year	6	(2,055,828)	(1,982,750)
Net assets		75,198	1,335,833
Capital and reserves
Allotted, called up and fully paid share capital		4,108	4,108
Profit and loss account		71,090	1,331,725
Total equity		75,198	1,335,833

Northern Developments (Cumbria) Limited

(Registration number: 03277332)
Balance Sheet as at 31 August 2025 (continued)

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 March 2026
 

.........................................

M H Boak

Company secretary and director

Northern Developments (Cumbria) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Oakvale House
Thomas Lane
Burgh Road Industrial Estate
CARLISLE
CA2 7ND

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Northern Developments (Cumbria) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land	Not depreciated
Buildings	2% reducing balance
Plant and equipment	25% reducing balance
Motor vehicles	25% reducing balance
Furniture, fittings and office equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Northern Developments (Cumbria) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2024 - 5).

Northern Developments (Cumbria) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

4	Tangible assets

	Land and buildings £	Plant and equipment  £	Motor vehicles  £	Furniture, fittings and office equipment  £	Total £
Cost or valuation
At 1 September 2024	91,774	5,788	11,000	106,374	214,936
Additions	-	-	-	1,172	1,172
At 31 August 2025	91,774	5,788	11,000	107,546	216,108
Depreciation
At 1 September 2024	83,238	5,788	4,260	101,502	194,788
Charge for the year	516	-	1,680	1,530	3,726
At 31 August 2025	83,754	5,788	5,940	103,032	198,514
Carrying amount
At 31 August 2025	8,020	-	5,060	4,514	17,594
At 31 August 2024	8,536	-	6,740	4,872	20,148

Northern Developments (Cumbria) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

5

Debtors

	2025 £	2024 £
Trade debtors	50,945	80,143
Amounts owed by group undertakings and undertakings in which the company has a participating interest	961,000	2,002,200
Other debtors	22,143	22,769
	1,034,088	2,105,112

6

Creditors

	Note	2025 £	2024 £
Due within one year
Trade creditors		39,993	80,410
Taxation and social security		8,044	9,536
Other creditors		91,018	101,178
		139,055	191,124
Due after one year
Loans and borrowings	7	2,055,828	1,982,750

7	Loans and borrowings