Company registration number 13471644 (England and Wales)
NORTHMOOR PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR TO 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
NORTHMOOR PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
NORTHMOOR PROPERTIES LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
22,258
27,445
Investment property
4
305,920
305,920
328,178
333,365
Current assets
Debtors
5
5,270
7,920
Cash at bank and in hand
13,041
6,576
18,311
14,496
Creditors: amounts falling due within one year
6
(250,795)
(268,973)
Net current liabilities
(232,484)
(254,477)
Total assets less current liabilities
95,694
78,888
Provisions for liabilities
(4,229)
(5,215)
Government grants
(10,943)
(13,016)
Net assets
80,522
60,657
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
80,422
60,557
Total equity
80,522
60,657
NORTHMOOR PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2025
30 November 2025
- 2 -

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 3 August 2026 and are signed on its behalf by:
Mr J Elson
Director
Company registration number 13471644 (England and Wales)
NORTHMOOR PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
1
Accounting policies
Company information

Northmoor Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Okehampton Youth Hostel & Activity Centre, Klondyke Road, Okehampton, Devon, EX20 1EW.

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, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover represents rental income and other income arising from property management activities and is recognised on an accruals basis, net of VAT.

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 improvemnets
15% on cost
Plant and equipment
10% on cost
Fixtures and fittings
10% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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
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.

NORTHMOOR PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. 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.

1.7
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

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

2025
2024
Number
Number
Total
2
2
NORTHMOOR PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 December 2024 and 30 November 2025
10,344
36,361
46,705
Depreciation and impairment
At 1 December 2024
5,792
13,468
19,260
Depreciation charged in the year
1,548
3,639
5,187
At 30 November 2025
7,340
17,107
24,447
Carrying amount
At 30 November 2025
3,004
19,254
22,258
At 30 November 2024
4,552
22,893
27,445
4
Investment property
2025
£
Fair value
At 1 December 2024 and 30 November 2025
305,920

Investment property is measured at fair value at each reporting date.

The fair value of the investment property at 3 0 November 20 25 was £305,920 (2024: £305,920). The valuation has been carried out by the directors based on market evidence, including recent comparable property transactions and prevailing market rental yields for similar properties in the same location.

The directors consider that the resulting valuation represents a reliable estimate of fair value at the reporting date.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
5,270
7,920
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
13,204
12,306
Other creditors
237,591
256,667
250,795
268,973
NORTHMOOR PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
7
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

At 30 November 2025, a loan of £227,103 (2025 - £255,467) was outstanding to a company with directors in common. Interest was charged on the loan during the year at commercial rates. The loan is unsecured and repayable in accordance with the terms of the loan agreement.

8
Directors' transactions

Advances have been granted by the company to its directors as follows:

Advances
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
2 Directors
-
7,420
11,850
(14,000)
5,270
7,420
11,850
(14,000)
5,270

The balance s owed as at the year end are unsecured, interest free, and repayable on demand.

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