ACCOUNTS - Final Accounts preparation

NORTH WEST LAND AND PROPERTY CONSULTANCY LTD - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-07-312021-07-31false2020-08-012No description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12083485 2020-08-01 2021-07-31 12083485 2019-07-03 2020-07-31 12083485 2021-07-31 12083485 2020-07-31 12083485 c:Director1 2020-08-01 2021-07-31 12083485 d:OfficeEquipment 2020-08-01 2021-07-31 12083485 d:OfficeEquipment 2021-07-31 12083485 d:OfficeEquipment 2020-07-31 12083485 d:OfficeEquipment d:OwnedOrFreeholdAssets 2020-08-01 2021-07-31 12083485 d:CurrentFinancialInstruments 2021-07-31 12083485 d:CurrentFinancialInstruments 2020-07-31 12083485 d:CurrentFinancialInstruments d:WithinOneYear 2021-07-31 12083485 d:CurrentFinancialInstruments d:WithinOneYear 2020-07-31 12083485 d:ShareCapital 2021-07-31 12083485 d:ShareCapital 2020-07-31 12083485 d:RetainedEarningsAccumulatedLosses 2021-07-31 12083485 d:RetainedEarningsAccumulatedLosses 2020-07-31 12083485 c:OrdinaryShareClass1 2020-08-01 2021-07-31 12083485 c:OrdinaryShareClass1 2021-07-31 12083485 c:OrdinaryShareClass1 2020-07-31 12083485 c:OrdinaryShareClass2 2020-08-01 2021-07-31 12083485 c:OrdinaryShareClass2 2021-07-31 12083485 c:OrdinaryShareClass2 2020-07-31 12083485 c:OrdinaryShareClass3 2020-08-01 2021-07-31 12083485 c:OrdinaryShareClass3 2021-07-31 12083485 c:OrdinaryShareClass3 2020-07-31 12083485 c:OrdinaryShareClass4 2020-08-01 2021-07-31 12083485 c:OrdinaryShareClass4 2021-07-31 12083485 c:OrdinaryShareClass4 2020-07-31 12083485 c:OrdinaryShareClass5 2020-08-01 2021-07-31 12083485 c:OrdinaryShareClass5 2021-07-31 12083485 c:OrdinaryShareClass5 2020-07-31 12083485 c:FRS102 2020-08-01 2021-07-31 12083485 c:AuditExempt-NoAccountantsReport 2020-08-01 2021-07-31 12083485 c:FullAccounts 2020-08-01 2021-07-31 12083485 c:PrivateLimitedCompanyLtd 2020-08-01 2021-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12083485

NORTH WEST LAND AND PROPERTY CONSULTANCY LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2021

NORTH WEST LAND AND PROPERTY CONSULTANCY LTD

REGISTERED NUMBER: 12083485

BALANCE SHEET

AS AT 31 JULY 2021

		2021		2020
Note		£		£

FIXED ASSETS
Tangible assets	4		454		-
			454		-
CURRENT ASSETS
Debtors: amounts falling due within one year	5	19,809		59
Cash at bank and in hand	6	50,843		96,302
		70,652		96,361
Creditors: amounts falling due within one year	7	(8,944)		(57,124)
TOTAL ASSETS LESS CURRENT LIABILITIES			62,162		39,237
PROVISIONS FOR LIABILITIES
Deferred tax		(86)		-
			(86)		-
NET ASSETS			62,076		39,237

CAPITAL AND RESERVES
Called up share capital	8	100	100
Profit and loss account		61,976	39,137
		62,076	39,237

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

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NORTH WEST LAND AND PROPERTY CONSULTANCY LTD

REGISTERED NUMBER: 12083485

BALANCE SHEET (CONTINUED)

AS AT 31 JULY 2021

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr N A Eckersley

Director

Date: 22 April 2022

The notes on pages 3 to 7 form part of these financial statements.

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NORTH WEST LAND AND PROPERTY CONSULTANCY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

1.	GENERAL INFORMATION

North West Land and Property Consultancy Ltd (company number 12083485), the company is a private company limited by shares, registered in England and Wales. the address of the registered office is 6 Fir Tree Avenue, Knutsford, Cheshire, WA16 8NF.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The business has not suffered adverse consequences of the Covid-19 pandemic. After making enquiries, the Directors have reasonable expectations the Company has adequate reserves to continue to trade for the foreseeable future. Therefore, the company continues to adopt the going concern basis in preparing the Accounts.

2.3

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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NORTH WEST LAND AND PROPERTY CONSULTANCY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

2.ACCOUNTING POLICIES (CONTINUED)

2.5

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

25%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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NORTH WEST LAND AND PROPERTY CONSULTANCY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

2.ACCOUNTING POLICIES (CONTINUED)

2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

2.11

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.12

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

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NORTH WEST LAND AND PROPERTY CONSULTANCY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

4.	TANGIBLE FIXED ASSETS

		Office equipment
		£
	Cost or valuation
	Additions	574
	At 31 July 2021	574
	Depreciation
	Charge for the year on owned assets	120
	At 31 July 2021	120
	Net book value
	At 31 July 2021	454
	At 31 July 2020	-

DEBTORS

					2021	2020
					£	£


Trade debtors	800	-
Other debtors	19,009	59
	19,809	59

6.	CASH AND CASH EQUIVALENTS
		2021	2020
		£	£

Cash at bank and in hand	50,843	96,302
	50,843	96,302

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NORTH WEST LAND AND PROPERTY CONSULTANCY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

7.	CREDITORS: Amounts falling due within one year
		2021	2020
		£	£

Corporation tax	7,174	20,006
Other creditors	-	35,603
Accruals and deferred income	1,770	1,515
	8,944	57,124

8.	SHARE CAPITAL
		2021	2020
		£	£

Allotted, called up and fully paid

50 (2020 - 50) Ordinary A shares shares of £1.00 each	50	50
35 (2020 - 35) Ordinary B shares shares of £1.00 each	35	35
5 (2020 - 5) Ordinary C shares shares of £1.00 each	5	5
5 (2020 - 5) Ordinary D shares shares of £1.00 each	5	5
5 (2020 - 5) Ordinary E shares shares of £1.00 each	5	5

	100	100

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