Registration number: 07153326

53 Degrees (Northern) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

53 Degrees (Northern) Limited

Company Information

Director

Mr Rodney Pallister

Registered office

Dale Side 116 Leeds Road Harrogate North Yorkshire England HG2 8HH

53 Degrees (Northern) Limited

(Registration number: 07153326)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	-	934
Current assets
Debtors	5	-	10,374
Cash at bank and in hand		58,247	59,459
		58,247	69,833
Creditors: Amounts falling due within one year	6	(5,918)	(1,000)
Net current assets		52,329	68,833
Net assets		52,329	69,767
Capital and reserves
Called up share capital	7	2	2
Retained earnings		52,327	69,765
Shareholders' funds		52,329	69,767

For the financial year ending 28 February 2026 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 director on 28 October 2026
 

......................................... Mr Rodney Pallister Director

53 Degrees (Northern) Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

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:
Dale Side
116 Leeds Road
Harrogate
North Yorkshire
HG2 8HH
England

These financial statements were authorised for issue by the director on 28 October 2026.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

53 Degrees (Northern) Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

Tax

The tax expense for the period comprises current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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
Office Equipment	25% Straight line

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 merchandise sold 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.

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.

53 Degrees (Northern) Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2025 - 2).

53 Degrees (Northern) Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

4	tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 March 2025	4,066	4,066
At 28 February 2026	4,066	4,066
Depreciation
At 1 March 2025	3,132	3,132
Charge for the year	934	934
At 28 February 2026	4,066	4,066
Carrying amount
At 28 February 2026	-	-
At 28 February 2025	934	934

5

Debtors

Current	2026 £	2025 £
Other debtors	-	10,374
	-	10,374

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Bank loans and overdrafts	8	4,188	-
Taxation and social security		730	-
Accruals and deferred income		1,000	1,000
		5,918	1,000

53 Degrees (Northern) Limited

Notes to the Financial Statements for the Year Ended 28 February 2026

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

8	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Other borrowings	4,188	-

9	Related party transactions

Transactions with the director

2026	At 1 March 2025 £	Repayments by director £	At 28 February 2026 £
Mr Rodney Pallister
Unsecured loan payable by the director to the company, repayable on demand.	10,000	(10,000)	-

2025	At 1 March 2024 £	Advances to director £	At 28 February 2025 £
Mr Rodney Pallister
Unsecured loan payable by the director to the company, repayable on demand.	(18,995)	28,995	10,000