North End Developments Limited - Accounts to registrar (filleted) - small 18.2

North End Developments Limited - Accounts to registrar (filleted) - small 18.2

NORTH END DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 10953340 (England and Wales)















Financial Statements for the Year Ended 30 September 2019

for

North End Developments Limited
North End Developments Limited (Registered number: 10953340)






Contents of the Financial Statements
for the Year Ended 30 September 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


North End Developments Limited

Company Information
for the Year Ended 30 September 2019







DIRECTOR: M Camello





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 10953340 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW
Page 1
North End Developments Limited (Registered number: 10953340)

Balance Sheet
30 September 2019

30.9.19 30.9.18
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 577,483 421,180

CURRENT ASSETS
Debtors 4 30,400 -
Cash at bank 4,074 16,472
34,474 16,472
CREDITORS
Amounts falling due within one year 5 569,798 417,823
NET CURRENT LIABILITIES (535,324 ) (401,351 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
42,159
19,829

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,059 19,729
42,159 19,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2020 and were signed by:





M Camello - Director


The notes form part of these financial statements

Page 2
North End Developments Limited (Registered number: 10953340)

Notes to the Financial Statements
for the Year Ended 30 September 2019

1. STATUTORY INFORMATION

North End Developments Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Despite the net current liability position of the company it is still considered a going concern due to ongoing
continued support from the director.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts
recognised in the financial statements.

Turnover
Turnover is measured at the fair value rents received or receivable , excluding discounts, rebates, value added
tax and other sales taxes. Revenue is recognised when rent is received.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Financial instruments
Intercompany loans (being repayable on demand) and trade creditors are measured at the undiscounted amount
of the cash or other consideration expected to be paid or received.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of
the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 3 continued...
North End Developments Limited (Registered number: 10953340)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2018 421,180
Additions 156,303
At 30 September 2019 577,483
NET BOOK VALUE
At 30 September 2019 577,483
At 30 September 2018 421,180

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Amounts owed by associates 30,050 -
Other debtors 350 -
30,400 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Trade creditors 51,117 -
Amounts owed to participating interests 405,286 403,315
Amounts owed to associates 80,000 -
Taxation and social security 10,575 4,628
Other creditors 22,820 9,880
569,798 417,823

6. RELATED PARTY DISCLOSURES

Included in debtors is £30,050 (2018: Nil) and in creditors is £80,000 (2018: Nil) due from/to companies which
share a director with North End Developments Limited. Also included in creditors is £405,286 (2018:
£403,315) due to the parent company. All of which are interest free and repayable on demand.

Page 4