North Star Estate Agents Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06466870 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2017

FOR

NORTH STAR ESTATE AGENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Ineson

SECRETARY:

A Walls

REGISTERED OFFICE:

258 Barnsley Road

Cudworth

Barnsley

South Yorkshire

S72 8SU

REGISTERED NUMBER:

06466870 (England and Wales)

ACCOUNTANTS:

Cameron Alexander Accountants Limited

Chartered Certified Accountants

42 Huddersfield Road

Barnsley

South Yorkshire

S75 1DW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,003

4,061

1,003

4,061

CURRENT ASSETS

Debtors

6

2,027

2,237

Cash at bank

76,637

70,201

78,664

72,438

CREDITORS

Amounts falling due within one year

7

49,045

54,599

NET CURRENT ASSETS

29,619

17,839

TOTAL ASSETS LESS CURRENT LIABILITIES

30,622

21,900

PROVISIONS FOR LIABILITIES

109

721

NET ASSETS

30,513

21,179

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

30,512

21,178

SHAREHOLDERS' FUNDS

30,513

21,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31 October 2017 and were signed by:

P Ineson - Director

1.	STATUTORY INFORMATION

North Star Estate Agents 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2016

and 31 January 2017

10,000

AMORTISATION

At 1 February 2016

and 31 January 2017

10,000

NET BOOK VALUE

At 31 January 2017

-

At 31 January 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2016

18,288

Additions

678

At 31 January 2017

18,966

DEPRECIATION

At 1 February 2016

14,227

Charge for year

3,736

At 31 January 2017

17,963

NET BOOK VALUE

At 31 January 2017

1,003

At 31 January 2016

4,061

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade debtors

200

410

Other debtors

1,827

1,827

2,027

2,237

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade creditors

1,248

506

Taxation and social security

8,683

11,458

Other creditors

39,114

42,635

49,045

54,599

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Ineson.