Northern Flights Limited - Limited company - abbreviated

REGISTERED NUMBER: 04611367 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2013

for

Northern Flights Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A M Retter

SECRETARY:

Cargil Management Services Limited

REGISTERED OFFICE:

22 Melton Street

London

NW1 2BW

REGISTERED NUMBER:

04611367 (England and Wales)

ACCOUNTANTS:

Bruce ML Gray

Chartered Accountants

Suite 122

Airport House

Purley way

Croydon

Surrey

CR0 0XZ

FIXED ASSETS

Tangible assets

2

1,431,901

1,556,415

CURRENT ASSETS

Debtors

2,308

7,699

Cash at bank

180,340

52,207

182,648

59,906

CREDITORS

Amounts falling due within one year

14,694

17,511

NET CURRENT ASSETS

167,954

42,395

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,599,855

1,598,810

CREDITORS

Amounts falling due after more than one year

189,000

NET ASSETS

1,410,855

1,409,810

CAPITAL AND RESERVES

Called up share capital

3

1,395,000

Profit and loss account

15,855

14,810

SHAREHOLDERS' FUNDS

1,410,855

1,409,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 4 July 2014 and were signed by:

A M Retter - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

at variable rates on reducing balance

Deferred tax

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

2,100,000

DEPRECIATION

At 1 January 2013

543,585

Charge for year

124,514

At 31 December 2013

668,099

NET BOOK VALUE

At 31 December 2013

1,431,901

At 31 December 2012

1,556,415

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

150,000

Ordinary

£1

150,000

1,445,000

Redeemable

£1

1,245,000

1,395,000

The redeemable shares rank pari passu with the ordinary shares.

Northern Flights Limited - Limited company - abbreviated - 11.0.0

Northern Flights Limited - Limited company - abbreviated - 11.0.0