Northumbra Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 04476874

Northumbra Limited

Filleted Unaudited Financial Statements

31 July 2018

Northumbra Limited

Statement of Financial Position

31 July 2018

	2018		2017
Note	£	£	£

Current assets

Stocks	510,000		510,000

Creditors: amounts falling due within one year	4	716,115		716,115
		---------		---------
Net current liabilities			206,115	206,115
			---------	---------
Total assets less current liabilities			( 206,115)	( 206,115)
			---------	---------
Net liabilities			( 206,115)	( 206,115)
			---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 206,117)	( 206,117)
	---------	---------
Shareholders deficit	( 206,115)	( 206,115)
	---------	---------

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 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 31 July 2018 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 .

These financial statements were approved by the board of directors and authorised for issue on 30 September 2018 , and are signed on behalf of the board by:

G Middleton
Director

Company registration number: 04476874

Northumbra Limited

Notes to the Financial Statements

Year ended 31 July 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Friary, Battlebarrow, Appleby-in-Westmoreland, Cumbria, CA16 6HX.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

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

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Creditors: amounts falling due within one year

	2018	2017
	£	£
Bank loans and overdrafts	308,209	308,209
Trade creditors	6,334	6,334
Amounts owed to group undertakings and undertakings in which the company has a participating interest	449	449
Other creditors	401,123	401,123
	---------	---------
	716,115	716,115
	---------	---------

5. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2018	2017
	£	£
G Middleton	–	( 79,655)
C G E Nightingale	–	( 318,498)
	----	---------
	–	( 398,153)
	----	---------

6. Related party transactions

The company has no ultimate controlling party. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.