Company registration number 00451422 (England and Wales)
NORTHERN PAPERCRAFT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
NORTHERN PAPERCRAFT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
NORTHERN PAPERCRAFT LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,127
56,058
Investment property
800,000
-
0
801,127
56,058
Current assets
Debtors
4
8,061
1,168
Cash at bank and in hand
309,732
286,895
317,793
288,063
Creditors: amounts falling due within one year
5
(217,994)
(162,240)
Net current assets
99,799
125,823
Total assets less current liabilities
900,926
181,881
Provisions for liabilities
(200,404)
-
0
Net assets
700,522
181,881
Capital and reserves
Called up share capital
7,003
7,003
Revaluation reserve
6
-
0
78,925
Profit and loss reserves
693,519
95,953
Total equity
700,522
181,881

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 17 July 2026 and are signed on its behalf by:
T R Holme
H Holme
Director
Director
Company registration number 00451422 (England and Wales)
NORTHERN PAPERCRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
1.1
Accounting convention

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
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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:

Freehold property
No depreciation
Plant and machinery
20% straight line

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
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

NORTHERN PAPERCRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -
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. 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.

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. 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.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.10
Company information

Northern Papercraft Limited is a private company limited by shares incorporated in England and Wales. The registered office is Moss Street East, Cavendish Street, Ashton Under Lyne, Lancashire, OL6 7BU.

NORTHERN PAPERCRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 4 -
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
3
Tangible fixed assets
Freehold property
Plant and machinery
Total
£
£
£
Cost
At 1 December 2024
104,042
-
0
104,042
Additions
-
0
1,409
1,409
Transfer to investment property where fair value becomes available
(104,042)
-
-
At 30 November 2025
-
0
1,409
1,409
Depreciation and impairment
At 1 December 2024
47,984
-
0
47,984
Depreciation charged in the year
-
0
282
282
Transfer to investment property
(47,984)
-
0
(47,984)
At 30 November 2025
-
0
282
282
Carrying amount
At 30 November 2025
-
0
1,127
1,127
At 30 November 2024
56,058
-
0
56,058
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,677
1,112
Other debtors
10
56
Prepayments and accrued income
6,374
-
0
8,061
1,168
NORTHERN PAPERCRAFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
792
1,474
Other creditors
210,102
153,886
Accruals and deferred income
7,100
6,880
217,994
162,240
6
Revaluation reserve
2025
2024
£
£
At the beginning of the year
78,925
78,925
Other movements
(78,925)
-
At the end of the year
-
0
78,925
7
Operating lease commitments

The company is not currently a lessee in any operating lease agreements.

As lessor - operating leases

Rents received for use of the commercial property are done so on an ongoing basis, with rental income recorded as payment falls due.

8
Directors' transactions

Dividends totalling £54,500 (2024 - £87,500) were paid in the year in respect of shares held by the company's directors.

2025-11-30 2024-12-01 false false false 20 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity T R Holme H Holme H Holme 00451422 2024-12-01 2025-11-30 00451422 2025-11-30 00451422 2024-11-30 00451422 core:LandBuildings core:OwnedOrFreeholdAssets 2025-11-30 00451422 core:PlantMachinery 2025-11-30 00451422 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 00451422 core:PlantMachinery 2024-11-30 00451422 core:WithinOneYear 2025-11-30 00451422 core:WithinOneYear 2024-11-30 00451422 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 00451422 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 00451422 core:ShareCapital 2025-11-30 00451422 core:ShareCapital 2024-11-30 00451422 core:RevaluationReserve 2025-11-30 00451422 core:RevaluationReserve 2024-11-30 00451422 core:RetainedEarningsAccumulatedLosses 2025-11-30 00451422 core:RetainedEarningsAccumulatedLosses 2024-11-30 00451422 core:RevaluationReserve 2024-11-30 00451422 core:RevaluationReserve 2023-11-30 00451422 bus:Director1 2024-12-01 2025-11-30 00451422 bus:CompanySecretaryDirector1 2024-12-01 2025-11-30 00451422 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-01 2025-11-30 00451422 core:PlantMachinery 2024-12-01 2025-11-30 00451422 2023-12-01 2024-11-30 00451422 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 00451422 core:PlantMachinery 2024-11-30 00451422 2024-11-30 00451422 core:CurrentFinancialInstruments 2025-11-30 00451422 core:CurrentFinancialInstruments 2024-11-30 00451422 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 00451422 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 00451422 bus:FRS102 2024-12-01 2025-11-30 00451422 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 00451422 bus:Director2 2024-12-01 2025-11-30 00451422 bus:CompanySecretary1 2024-12-01 2025-11-30 00451422 bus:FullAccounts 2024-12-01 2025-11-30 xbrli:pure xbrli:shares iso4217:GBP