North South Vintage Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13755334

NORTH SOUTH VINTAGE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 November 2025

NORTH SOUTH VINTAGE LIMITED

STATEMENT OF FINANCIAL POSITION

30 November 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		59,434		69,050

CURRENT ASSETS

Stocks		50,060	95,980
Debtors	7	43,711	30,251
Cash at bank and in hand		18,821	36,266
		---------	---------
		112,592	162,497

CREDITORS: amounts falling due within one year	8	( 209,389)		( 238,637)
		---------		---------
NET CURRENT LIABILITIES			( 96,797)		( 76,140)
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 37,363)		( 7,090)

CREDITORS: amounts falling due after more than one year	9		–		( 19,841)

PROVISIONS	( 3,395)	( 4,751)
	--------	--------
NET LIABILITIES	( 40,758)	( 31,682)
	--------	--------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	( 40,858)	( 31,782)
	--------	--------
SHAREHOLDERS DEFICIT	( 40,758)	( 31,682)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

NORTH SOUTH VINTAGE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 10 August 2026 , and are signed on behalf of the board by:

J Jeffery

Director

Company registration number: 13755334

NORTH SOUTH VINTAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8-10 Headingley Lane, Leeds, LS6 2AS.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have also been prepared on the going concern basis.The directors consider the going concern basis to be appropriate as they have confirmed their ongoing support.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	5% straight line
Fixtures and fittings	-	25% reducing balance
Equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. 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 before operating profit.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. TAX ON LOSS

Major components of tax income

	2025	2024
	£	£

Current tax:

UK current tax income	–	( 6,847)
Adjustments in respect of prior periods	( 143)	22
	----	-------
Total current tax	( 143)	( 6,825)
	----	-------

Deferred tax:

Origination and reversal of timing differences	( 1,356)	( 61)
	-------	-------
Tax on loss	( 1,499)	( 6,886)
	-------	-------

6. TANGIBLE ASSETS

	Long leasehold property	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 December 2024	49,627	42,791	7,680	100,098
Additions	–	1,000	–	1,000
	--------	--------	-------	---------
At 30 November 2025	49,627	43,791	7,680	101,098
	--------	--------	-------	---------
Depreciation
At 1 December 2024	5,580	19,967	5,501	31,048
Charge for the year	2,481	5,956	2,179	10,616
	--------	--------	-------	---------
At 30 November 2025	8,061	25,923	7,680	41,664
	--------	--------	-------	---------
Carrying amount
At 30 November 2025	41,566	17,868	–	59,434
	--------	--------	-------	---------
At 30 November 2024	44,047	22,824	2,179	69,050
	--------	--------	-------	---------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	–	1,442
Other debtors	43,711	28,809
	--------	--------
	43,711	30,251
	--------	--------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	25,000	30,159
Trade creditors	30,345	52,078
Amounts owed to group undertakings and undertakings in which the company has a participating interest	144,250	136,500
Corporation tax	–	2,466
Social security and other taxes	5,863	1,270
Other creditors	–	11,100
Other creditors	3,931	5,064
	---------	---------
	209,389	238,637
	---------	---------

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	19,841
	----	--------