NORDFIELDS PROPERTIES LIMITED

NORDFIELDS PROPERTIES LIMITED

NORDFIELDS PROPERTIES LIMITED - Company Information

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1 November 2018 false No description of principal activity Taxfiler 2021.2.1 SC444402business:PrivateLimitedCompanyLtd2018-11-012019-10-31 SC4444022018-10-31 SC4444022018-11-012019-10-31 SC444402business:AuditExempt-NoAccountantsReport2018-11-012019-10-31 SC444402business:FullAccounts2018-11-012019-10-31 SC4444022019-10-31 SC444402business:Director12018-11-012019-10-31 SC444402business:Director22018-11-012019-10-31 SC444402business:RegisteredOffice2018-11-012019-10-31 SC4444022018-10-31 SC444402core:WithinOneYear2019-10-31 SC444402core:WithinOneYear2018-10-31 SC444402core:ShareCapital2019-10-31 SC444402core:ShareCapital2018-10-31 SC444402core:RetainedEarningsAccumulatedLosses2019-10-31 SC444402core:RetainedEarningsAccumulatedLosses2018-10-31 SC444402business:SmallEntities2018-11-012019-10-31 SC444402countries:Scotland2018-11-012019-10-31 SC444402core:LandBuildings2018-11-012019-10-31 SC444402core:PlantMachinery2018-11-012019-10-31 SC444402core:Goodwill2018-10-31 SC444402core:Goodwill2019-10-31 SC444402core:LandBuildings2018-10-31 SC444402core:PlantMachinery2018-10-31 SC444402core:LandBuildings2019-10-31 SC444402core:PlantMachinery2019-10-31 SC4444022017-11-012018-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC444402 (Scotland)
NORDFIELDS PROPERTIES LIMITED Unaudited accounts for the year ended 31 October 2019
NORDFIELDS PROPERTIES LIMITED Unaudited accounts Contents
Page
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NORDFIELDS PROPERTIES LIMITED Company Information for the year ended 31 October 2019
Directors
Latif Baghirov Vedanund Hauradhur
Company Number
SC444402 (Scotland)
Registered Office
Buchanan Arms Hotel 23 Main Street Drymen Glasgow G63 0BQ
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NORDFIELDS PROPERTIES LIMITED Statement of financial position as at 31 October 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
500,000 
500,000 
Tangible assets
5
2,812,873 
2,812,873 
3,312,873 
3,312,873 
Current assets
Inventories
23,450 
23,450 
Debtors
6
183,238 
183,238 
Cash at bank and in hand
714,078 
714,078 
920,766 
920,766 
Creditors: amounts falling due within one year
7
(4,783,361)
(4,783,361)
Net current liabilities
(3,862,595)
(3,862,595)
Net liabilities
(549,722)
(549,722)
Capital and reserves
Called up share capital
100,000 
100,000 
Profit and loss account
(649,722)
(649,722)
Shareholders' funds
(549,722)
(549,722)
For the year ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2021 and were signed on its behalf by
Latif Baghirov Director Company Registration No. SC444402
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NORDFIELDS PROPERTIES LIMITED Notes to the Accounts for the year ended 31 October 2019
1
Statutory information
NORDFIELDS PROPERTIES LIMITED is a private company, limited by shares, registered in Scotland, registration number SC444402. The registered office is Buchanan Arms Hotel, 23 Main Street Drymen, Glasgow, G63 0BQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% on cost
Plant & machinery
25% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and any accumulated impairment losses.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2018
500,000 
At 31 October 2019
500,000 
Amortisation
At 1 November 2018
- 
At 31 October 2019
- 
Net book value
At 31 October 2019
500,000 
At 31 October 2018
500,000 
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NORDFIELDS PROPERTIES LIMITED Notes to the Accounts for the year ended 31 October 2019
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2018
2,745,382 
67,491 
2,812,873 
At 31 October 2019
2,745,382 
67,491 
2,812,873 
Depreciation
At 31 October 2019
- 
- 
- 
Net book value
At 31 October 2019
2,745,382 
67,491 
2,812,873 
At 31 October 2018
2,745,382 
67,491 
2,812,873 
6
Debtors
2019 
2018 
£ 
£ 
Less than one year
Trade debtors
70,929 
70,929 
Other debtors
112,309 
112,309 
Total debtors less than one year
183,238 
183,238 
Greater than one year
Total debtors
183,238 
183,238 
7
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Trade creditors
100,055 
100,055 
Taxes and social security
91,364 
91,364 
Other creditors
4,591,942 
4,591,942 
4,783,361 
4,783,361 
8
Average number of employees
During the year the average number of employees was 0 (2018: 0).
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