Company registration number 07454371 (England and Wales)
GEORGE NORTH LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
GEORGE NORTH LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
GEORGE NORTH LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,167
6,603
Current assets
Debtors
4
478,376
455,326
Investments
5
390,624
364,901
Cash at bank and in hand
263,389
182,665
1,132,389
1,002,892
Creditors: amounts falling due within one year
6
(61,346)
(40,199)
Net current assets
1,071,043
962,693
Total assets less current liabilities
1,077,210
969,296
Provisions for liabilities
(23,490)
(17,168)
Net assets
1,053,720
952,128
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss reserves
1,052,720
951,128
Total equity
1,053,720
952,128

For the financial year ended 31 March 2026 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 5 August 2026
Mr G North
Director
Company registration number 07454371 (England and Wales)
GEORGE NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

George North Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bradbury House, Mission Court, Newport, Gwent, NP20 2DW.

1.1
Basis of preparation

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. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for promotional services provided. Turnover represents the value of goods and services provided in the normal course of business excluding VAT.

1.3
Tangible fixed assets

Tangible fixed assets are measured at cost, 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:

Sports equipment
25% Reducing balance
Fixtures, fittings & equipment
25% Straight line
Computer equipment
25% Straight line
1.4
Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.5
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.

GEORGE NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
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.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

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

2026
2025
Number
Number
Total
1
1
3
Tangible fixed assets
Sports equipment
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 April 2025
11,827
1,373
6,529
19,729
Additions
559
-
0
1,497
2,056
At 31 March 2026
12,386
1,373
8,026
21,785
Depreciation and impairment
At 1 April 2025
8,649
1,373
3,104
13,126
Depreciation charged in the year
910
-
0
1,582
2,492
At 31 March 2026
9,559
1,373
4,686
15,618
Carrying amount
At 31 March 2026
2,827
-
0
3,340
6,167
At 31 March 2025
3,178
-
0
3,425
6,603
GEORGE NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
68,092
45,106
Other debtors
410,284
410,220
478,376
455,326
5
Current asset investments
2026
2025
£
£
Other investments
390,624
364,901
6
Creditors: amounts falling due within one year
2026
2025
£
£
Corporation tax
31,487
8,823
Other taxation and social security
17,366
14,607
Other creditors
12,493
16,769
61,346
40,199
7
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
900
900
1,000
900
Ordinary A Shares of £1 each
100
100
-
0
100
1,000
1,000
1,000
1,000
GEORGE NORTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
8
Directors' transactions

The director operates a current loan account with the company, which is debited with payments made by the company on behalf of the director and credited with funds introduced and undrawn director's fees. At the year end the amount outstanding to the director was £10,403 (2025 : £14,274). This amount being included in creditors; amounts falling due within one year.

At 31 March 20 2 6 VF Engineering owed George North Limited £36,000 (2025: £36,000). This amount being included in debtors: amounts falling due within one year.

At 31 March 20 2 6 Dragon Wind Energy (Anglesey) Ltd owed George North Limited £21,335 (2025: £21,335). This amount being included in debtors: amounts falling due within one year.

Mr D North, the father of the director Mr G North, is a director of both VF Engineering Ltd and Dragon Wind Energy (Anglesey) Ltd.

At 31 March 20 2 6 Southern Try Management Ltd owed George North Limited £215,327 (2025: £215,327). This amount being included in debtors: amounts falling due within one year.

Mr G North is a director of both George North Limited and Southern Try Management Ltd.

At 31 March 20 2 6 North Osteopathy Ltd owed George North Limited £2 2,000 (2025: £22,000). This amount being included in debtors: amounts falling due within one year.

Mr J North, the brother of the director Mr G North, is director of North Osteopathy Ltd.

At 31 March 20 2 6 Mrs E Vasey owed George North Limited £34,022 (2025: £34,022). This amount being included in debtors: amounts falling due within one year.

Mrs E Vasey is the aunt of the director Mr G North.

At 31 March 2026 TFSLET Ltd owed George North Limited £40,000 (2025: £40,000). This amount being included in debtors: amounts falling due within one year.

At 31 March 2026 Baffle Culture Ltd owed George North Limited £41,600 (2025: £41,600). This amount being included in debtors: amounts falling due within one year.

Mr G North is a director of both George North Limited and Baffle Culture Ltd.

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