Silverfin false 30/04/2023 01/05/2022 30/04/2023 D J Norman 13/04/2017 10 October 2023 The principal activity of the Company during the financial year was that of a holding company. 10725685 2023-04-30 10725685 bus:Director1 2023-04-30 10725685 2022-04-30 10725685 core:CurrentFinancialInstruments 2023-04-30 10725685 core:CurrentFinancialInstruments 2022-04-30 10725685 core:ShareCapital 2023-04-30 10725685 core:ShareCapital 2022-04-30 10725685 core:RetainedEarningsAccumulatedLosses 2023-04-30 10725685 core:RetainedEarningsAccumulatedLosses 2022-04-30 10725685 core:InvestmentPropertyIncludedWithinPPE 2022-04-30 10725685 core:InvestmentPropertyIncludedWithinPPE 2023-04-30 10725685 core:CostValuation 2022-04-30 10725685 core:CostValuation 2023-04-30 10725685 2022-05-01 2023-04-30 10725685 bus:FullAccounts 2022-05-01 2023-04-30 10725685 bus:SmallEntities 2022-05-01 2023-04-30 10725685 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 10725685 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10725685 bus:Director1 2022-05-01 2023-04-30 10725685 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure

Company No: 10725685 (England and Wales)

NORMAN MOTORS (HOLDINGS) LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

NORMAN MOTORS (HOLDINGS) LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

NORMAN MOTORS (HOLDINGS) LIMITED

BALANCE SHEET

As at 30 April 2023
NORMAN MOTORS (HOLDINGS) LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,351,363 1,351,363
Investments 4 500 500
1,351,863 1,351,863
Current assets
Debtors 5 338,212 338,212
338,212 338,212
Creditors: amounts falling due within one year 6 ( 822) ( 822)
Net current assets 337,390 337,390
Total assets less current liabilities 1,689,253 1,689,253
Net assets 1,689,253 1,689,253
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 1,688,253 1,688,253
Total shareholders' funds 1,689,253 1,689,253

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Norman Motors (Holdings) Limited (registered number: 10725685) were approved and authorised for issue by the Director on 10 October 2023. They were signed on its behalf by:

D J Norman
Director
NORMAN MOTORS (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
NORMAN MOTORS (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Norman Motors (Holdings) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 214-222 Wallisdown Road, Bournemouth, BH10 4HZ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Investment property Total
£ £
Cost
At 01 May 2022 1,351,363 1,351,363
At 30 April 2023 1,351,363 1,351,363
Accumulated depreciation
At 01 May 2022 0 0
At 30 April 2023 0 0
Net book value
At 30 April 2023 1,351,363 1,351,363
At 30 April 2022 1,351,363 1,351,363

4. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 May 2022 500
At 30 April 2023 500
Carrying value at 30 April 2023 500
Carrying value at 30 April 2022 500

5. Debtors

2023 2022
£ £
Amounts owed by own subsidiaries 338,212 338,212

6. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 822 822