Company Registration No. 13397432 (England and Wales)
North Property Invest Leeds Ltd
Unaudited accounts
for the year ended 31 May 2023
North Property Invest Leeds Ltd
Unaudited accounts
Contents
North Property Invest Leeds Ltd
Company Information
for the year ended 31 May 2023
Directors
Oliver Banks
Timothy Coen
Company Number
13397432 (England and Wales)
Registered Office
One Brewery Wharf
Waterloo Street
Leeds
LS10 1GX
England
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
North Property Invest Leeds Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
44,956
60,045
Cash at bank and in hand
11,426
78,605
Creditors: amounts falling due within one year
(93,156)
(99,057)
Net current liabilities
(75,511)
(20,450)
Net (liabilities)/assets
(30,555)
39,595
Called up share capital
2
2
Profit and loss account
(30,557)
39,593
Shareholders' funds
(30,555)
39,595
For the year ending 31 May 2023 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 23 January 2024 and were signed on its behalf by
Oliver Banks
Director
Company Registration No. 13397432
North Property Invest Leeds Ltd
Notes to the Accounts
for the year ended 31 May 2023
North Property Invest Leeds Ltd is a private company, limited by shares, registered in England and Wales, registration number 13397432. The registered office is One Brewery Wharf, Waterloo Street, Leeds, LS10 1GX, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
25% straight line
Computer equipment
33.33% straight line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
48,624
19,792
1,872
70,288
At 31 May 2023
48,624
19,792
1,872
70,288
At 1 June 2022
6,645
3,210
388
10,243
Charge for the year
9,725
4,948
416
15,089
At 31 May 2023
16,370
8,158
804
25,332
At 31 May 2023
32,254
11,634
1,068
44,956
At 31 May 2022
41,979
16,582
1,484
60,045
North Property Invest Leeds Ltd
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
2
2
Accrued income and prepayments
3,325
-
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
92,406
92,406
Taxes and social security
-
5,104
7
Transactions with related parties
North Property Group Ltd
The company is related to North Property Group Ltd by virtue of common control. At the balance sheet date the amount owed to North Property Group Ltd was £92406 (2022: £92,406).
Residential Real Estate Global Ltd
The company is a 100% subsidiary of Residential Real Estate Global Ltd. At the balance sheet date the amount due from Residential Real Estate Global Ltd was £2 (2022: £2).
The company's parent company is Residential Real Estate Global Ltd, a company incorporated in England and Wales.
For the year ended 31 May 2023 Residential Real Estate Global Ltd was controlled by Timothy Coen and Oliver Banks.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
