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Unaudited Financial Statements for the Year Ended 31 March 2018 |
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Nortonthorpe Industrial Park Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2018 |
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for |
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Nortonthorpe Industrial Park Limited |
Nortonthorpe Industrial Park Limited (Registered number: 03072747) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 8 |
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Nortonthorpe Industrial Park Limited |
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Company Information |
for the Year Ended 31 March 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Marland House |
13 Huddersfield Road |
Barnsley |
South Yorkshire |
S70 2LW |
Nortonthorpe Industrial Park Limited (Registered number: 03072747) |
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Balance Sheet |
31 March 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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Investment property | 7 |
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CURRENT ASSETS |
Stocks |
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Debtors | 8 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 9 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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Share premium |
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Fair value reserve | 12 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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Nortonthorpe Industrial Park Limited (Registered number: 03072747) |
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Balance Sheet - continued |
31 March 2018 |
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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 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director on
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Nortonthorpe Industrial Park Limited (Registered number: 03072747) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
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1. | STATUTORY INFORMATION |
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Nortonthorpe Industrial Park Limited is a
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and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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The presentation and functional currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis under the historical cost |
convention, modified to include certain items at fair value. |
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Significant judgements and estimates |
The principal accounting policies and significant judgements and estimates applied in the preparation |
of these financial statements are set out below. These policies, judgements and estimates have been |
consistently applied to all years presented unless otherwise stated. |
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Turnover |
Turnover represents amounts received from rents and services provided during the year. |
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Goodwill |
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance |
Sheet and amortised over its useful economic life. |
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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. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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All fixed assets are initially recorded at cost. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
changes in fair value is recognised in profit or loss. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Nortonthorpe Industrial Park Limited (Registered number: 03072747) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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3. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss |
Account, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1 April 2017 |
and 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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Nortonthorpe Industrial Park Limited (Registered number: 03072747) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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6. | TANGIBLE FIXED ASSETS |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST |
At 1 April 2017 |
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Additions |
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Disposals | ( |
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At 31 March 2018 |
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DEPRECIATION |
At 1 April 2017 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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7. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 April 2017 |
and 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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The investment property was valued by M J Scholey BSc MRICS on behalf of Eddisons Commercial |
Ltd at £6,000,000 in April 2008. After taking professional advice at 31 March 2014 the company's |
investment property portfolio has been revalued to £2,450,000 by the director. The director considers |
that there has been no material change in the value of the investment portfolio since that date up to the |
balance sheet date. A further property was acquired in January 2016 and is therefore not included in |
the aforementioned valuation. This property is included in the accounts at cost which in the opinion of |
the director is not materially different from the market value at the balance sheet date. |
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8. | DEBTORS |
2018 | 2017 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Other debtors |
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Nortonthorpe Industrial Park Limited (Registered number: 03072747) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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8. | DEBTORS - continued |
2018 | 2017 |
£ | £ |
Amounts falling due after more than one year: |
Amounts owed by participating interests | 185,000 | 185,000 |
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Aggregate amounts |
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9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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10. | SECURED DEBTS |
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Barclays Bank Plc hold a charge over land and buildings for the overdraft facility of the company. The |
director, Mr E A Brook, has also provided a personal guarantee of £100,000. |
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11. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | £1 | 1,000 | 1,000 |
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12. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 April 2017 |
and 31 March 2018 |
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13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 March 2018 and |
31 March 2017: |
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2018 | 2017 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Interest was charged on the above account at a rate of 2.5%. |
Nortonthorpe Industrial Park Limited (Registered number: 03072747) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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14. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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During the year the company was under the control of Mr E A Brook by virtue of his majority |
shareholding |