NORTH 33 LTD - Limited company - abbreviated

REGISTERED NUMBER: 08537488 (England and Wales)

NORTH 33 LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J H Turnbull

Mrs V A Turnbull

SECRETARY:

J H Turnbull

REGISTERED OFFICE:

Enterprise House

2 The Crest

London

NW4 2HW

REGISTERED NUMBER:

08537488 (England and Wales)

ACCOUNTANT:

DICKER ECONOMOU & CO

Chartered Certified Accountants

Enterprise House

2 The Crest

Hendon

London

NW4 2HN

FIXED ASSETS

Tangible assets

2

2,318,018

2,303,602

CURRENT ASSETS

Debtors

12,298

11,431

CREDITORS

Amounts falling due within one year

402,668

318,801

NET CURRENT LIABILITIES

(390,370

)

(307,370

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,927,648

1,996,232

CREDITORS

Amounts falling due after more than one
year

3

2,018,338

2,025,282

NET LIABILITIES

(90,690

)

(29,050

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(90,692

)

(29,052

)

SHAREHOLDERS' FUNDS

(90,690

)

(29,050

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 15 October 2015 and were signed on its behalf
by:

J H Turnbull - 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 rents receivable in period.

Tangible fixed assets

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

Freehold property

-

not provided

Furniture and fittings

-

20% 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 June 2014

2,309,860

Additions

19,480

At 31 May 2015

2,329,340

DEPRECIATION

At 1 June 2014

6,258

Charge for year

5,064

At 31 May 2015

11,322

NET BOOK VALUE

At 31 May 2015

2,318,018

At 31 May 2014

2,303,602

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.5.15

31.5.14

£

Repayable by instalments

932,134

912,148

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

2

Ordinary

1

2

NORTH 33 LTD - Limited company - abbreviated - 11.6

NORTH 33 LTD - Limited company - abbreviated - 11.6