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Registered Number: 12302687
England and Wales

 

 

 

NORMANDIE 2020 LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2022

End date: 31 December 2022
Directors Mayer Schreiber
Chanina Eluzer Ostreicher
Registered Number 12302687
Registered Office 147 Stamford Hill
London
N16 5LG
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 December 2022.
Principal activities
Principal activity of the company during the financial year was that of the operation and running of a Hotel.
Directors
The directors who served the company throughout the year were as follows:
Mayer Schreiber
Jacob Mosche Fekete
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Mayer Schreiber
Director

Date approved: 27 October 2023
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 December 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Yemes Services Ltd
31 December 2022



....................................................
Yemes Services Ltd
147 Stamford Hill
London
N16 5LG
27 October 2023
3
 
 
Notes
 
2022
£
  2021
£
Fixed assets      
Tangible fixed assets 3 321,068    294,078 
321,068    294,078 
Current assets      
Debtors 4 100   
Cash at bank and in hand 5,731    84,267 
5,831    84,267 
Creditors: amount falling due within one year 5 (577,844)   (390,947)
Net current liabilities (572,013)   (306,680)
 
Total assets less current liabilities (250,945)   (12,602)
Creditors: amount falling due after more than one year 6 (46,759)   (46,053)
Net liabilities (297,704)   (58,655)
 

Capital and reserves
     
Called up share capital 7 100    100 
Profit and loss account (297,804)   (58,755)
Shareholder's funds (297,704)   (58,655)
 


For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 27 October 2023 and were signed on its behalf by:


-------------------------------
Mayer Schreiber
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 January 2021 100  (73,293) (73,193)
Profit for the year 14,538  14,538 
Total comprehensive income for the year 14,538  14,538 
Total investments by and distributions to owners
At 31 December 2021 100  (58,755) (58,655)
At 01 January 2022 100  (58,754) (58,654)
Profit for the year (239,050) (239,050)
Total comprehensive income for the year (239,050) (239,050)
Total investments by and distributions to owners
At 31 December 2022 100  (297,804) (297,704)
5
General Information
Normandie 2020 Limited is a private company, limited by shares, registered in England and Wales, registration number 12302687, registration address 147 Stamford Hill, London, N16 5LG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Reducing Balance
Motor Vehicles 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 16 (2021 : 15).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Investment properties   Total
  £   £   £   £   £
At 01 January 2022 13,000    30,140    663    254,549    298,352 
Additions 34,583          34,583 
Disposals        
At 31 December 2022 47,583    30,140    663    254,549    332,935 
Depreciation
At 01 January 2022        
Charge for year 7,137    4,521    209      11,867 
On disposals        
At 31 December 2022 7,137    4,521    209      11,867 
Net book values
Closing balance as at 31 December 2022 40,446    25,619    454    254,549    321,068 
Opening balance as at 01 January 2022 13,000    30,140    663    250,275    294,078 


4.

Debtors: amounts falling due within one year

2022
£
  2021
£
Called up Share Capital Not Paid 100   
100   

5.

Creditors: amount falling due within one year

2022
£
  2021
£
Trade Creditors 107,514    39,337 
Corporation Tax   4,546 
PAYE & Social Security 1,182    11,255 
Accrued Expenses 2,500    2,500 
Other Creditors 208,366    312,134 
Pension Liability 987    815 
Director Loan Account   11,255 
Directors Loan Account 11,255   
Midos GC Loan 242,536   
VAT 3,504    9,105 
577,844    390,947 

6.

Creditors: amount falling due after more than one year

2022
£
  2021
£
Bank Loans & Overdrafts 46,759    46,053 
46,759    46,053 

7.

Share Capital

Allotted, called up and fully paid
2022
£
  2021
£
100 Class A shares of £1.00 each 100    100 
100    100 

6