Northall Investments Limited - Accounts to registrar (filleted) - small 18.1
Northall Investments Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
| FOR |
| NORTHALL INVESTMENTS LIMITED |
| NORTHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 00397677) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| NORTHALL INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| BANKERS: |
| Kettering |
| Northamptonshire |
| NORTHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 00397677) |
| BALANCE SHEET |
| 30 SEPTEMBER 2017 |
| 2017 | 2016 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Revaluation reserve | 8 |
| Retained earnings | 8 | 212,491 |
| SHAREHOLDERS' FUNDS |
| 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. |
| NORTHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 00397677) |
| BALANCE SHEET - continued |
| 30 SEPTEMBER 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| NORTHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 00397677) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| Northall Investments Limited is a |
| 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 |
| Tangible fixed assets |
| Computer equipment | - |
| 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. |
| Rental income |
| Rental income is accounted for on an arising basis. |
| Investment property |
| Investment properties for which fair value can be measured reliably without undue cost or effort are measured at |
| fair value at each reporting date with changes in fair value recognised in profit or loss. The fair value is based on |
| market valuations provided by professional valuers on a regular basis and reviewed each year by the directors. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| NORTHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 00397677) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold |
| land and | Computer |
| buildings | equipment | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 October 2016 |
| Revaluations |
| At 30 September 2017 |
| DEPRECIATION |
| At 1 October 2016 |
| and 30 September 2017 |
| NET BOOK VALUE |
| At 30 September 2017 |
| At 30 September 2016 |
| The company's freehold land and buildings are held for use in operating leases. |
| Freehold land and buildings held as investment properties were revalued by the directors in 2017 at £930,000 on an open market basis based on a third party professional valuation. If freehold land and buildings had not been revalued they would have been included at an historical cost of £124,771. |
| A provision of £59,832 (2016: £nil) has been made for deferred tax on potential gains on revaluing property to |
| its current market value. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Trade debtors |
| VAT |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Corporation tax |
| Social security and other taxes |
| VAT | 6,257 | - |
| Other creditors | - | 24,406 |
| Directors' loan accounts | 20 | 645 |
| Accruals |
| NORTHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 00397677) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | as restated |
| £ | £ |
| Ordinary shares | £1 | 4,005 | 4,005 |
| 8. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 October 2016 | 726,053 |
| Prior year adjustment |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Revaluation in year | (278,223 | ) | 278,223 | - |
| At 30 September 2017 | 959,241 |
| 9. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party of the company is Mrs J E Green, who holds 49.41% of the issued share capital. |