REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 January 2021 |
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Lord Of The North Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 January 2021 |
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for |
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Lord Of The North Limited |
Lord Of The North Limited (Registered number: 11787827) |
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Contents of the Financial Statements |
for the Year Ended 31 January 2021 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Lord Of The North Limited |
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Company Information |
for the Year Ended 31 January 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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First Floor, St Johns House |
16 Church Street |
Bromsgrove |
Worcestershire |
B61 8DN |
Lord Of The North Limited (Registered number: 11787827) |
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Abridged Balance Sheet |
31 January 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 6 | ( |
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Retained earnings |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Lord Of The North Limited (Registered number: 11787827) |
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Notes to the Financial Statements |
for the Year Ended 31 January 2021 |
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1. | STATUTORY INFORMATION |
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Lord Of The North Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements are the first to have been prepared to comply with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The date of transition to FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" is 25 January 2019. The transition to FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" has not resulted in any significant changes in accounting policies compared to those used previously. |
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There are no reconciling items resulting from the transition to FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Subsequently, there is no need to present a reconciliation of the prior year profit and loss account and prior year opening and closing equity under FRS 105 "The Financial Reporting Standard applicable to Micro-entities Regime" to FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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. |
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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 -
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Lord Of The North Limited (Registered number: 11787827) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2021 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
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At 31 January 2021 |
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DEPRECIATION |
Charge for year |
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At 31 January 2021 |
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NET BOOK VALUE |
At 31 January 2021 |
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5. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST OR VALUATION |
Additions | 100,000 |
Revaluations | (2,853 | ) |
At 31 January 2021 | 97,147 |
NET BOOK VALUE |
At 31 January 2021 | 97,147 |
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Cost or valuation at 31 January 2021 is represented by: |
Totals |
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Valuation in 2021 | 97,147 |
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6. | RESERVES |
Revaluation |
reserve |
£ |
Unrealised gain on investment | (493 | ) |
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At 31 January 2021 | ( |
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