Northgate Development Lincs Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02524209 (England and Wales)

NORTHGATE DEVELOPMENT LINCS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

M K Newman

SECRETARY:

M K Newman

REGISTERED OFFICE:

42 Northgate

Sleaford

Lincolnshire

NG34 7AF

REGISTERED NUMBER:

02524209 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

FIXED ASSETS

Investments

4

-

3

CURRENT ASSETS

Debtors

5

10,054

49,935

Cash at bank and in hand

735

1,177

10,789

51,112

CREDITORS

Amounts falling due within one year

6

7,744

49,191

NET CURRENT ASSETS

3,045

1,921

TOTAL ASSETS LESS CURRENT LIABILITIES

3,045

1,924

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

3,042

1,921

3,045

1,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 28 January 2022 and were signed by:

M K Newman - Director

1.	STATUTORY INFORMATION

Northgate Development Lincs 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current 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 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 13 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2020

3

Disposals

(3

)

At 30 April 2021

-

NET BOOK VALUE

At 30 April 2021

-

At 30 April 2020

3

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

639

14,763

Other debtors

9,415

35,172

10,054

49,935

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

-

34,405

Taxation and social security

1,954

-

Other creditors

5,790

14,786

7,744

49,191

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2021 and 30 April 2020:

2021

2020

£

£

M K Newman

Balance outstanding at start of year

14,137

28,244

Amounts advanced

7,000

17,461

Amounts repaid

(24,926

)

(31,568

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,789

)

14,137

Interest on overdrawn director's loan account is charged in the accounts at the official rate.

The loan made to the director is unsecured and repayable on demand.