Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activity2false 10857385 2022-04-01 2023-03-31 10857385 2021-04-01 2022-03-31 10857385 2023-03-31 10857385 2022-03-31 10857385 c:Director1 2022-04-01 2023-03-31 10857385 d:CurrentFinancialInstruments 2023-03-31 10857385 d:CurrentFinancialInstruments 2022-03-31 10857385 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10857385 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10857385 d:ShareCapital 2023-03-31 10857385 d:ShareCapital 2022-03-31 10857385 d:RetainedEarningsAccumulatedLosses 2023-03-31 10857385 d:RetainedEarningsAccumulatedLosses 2022-03-31 10857385 c:FRS102 2022-04-01 2023-03-31 10857385 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10857385 c:FullAccounts 2022-04-01 2023-03-31 10857385 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 10857385










NR HOMES (NORFOLK) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
NR HOMES (NORFOLK) LIMITED
REGISTERED NUMBER:10857385

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
16,250
54,842

Cash at bank and in hand
  
1,520
1,933

  
17,770
56,775

Creditors: amounts falling due within one year
 6 
(26,759)
(62,480)

Net current liabilities
  
 
 
(8,989)
 
 
(5,705)

Total assets less current liabilities
  
(8,989)
(5,705)

  

Net liabilities
  
(8,989)
(5,705)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(9,089)
(5,805)

  
(8,989)
(5,705)


Page 1

 
NR HOMES (NORFOLK) LIMITED
REGISTERED NUMBER:10857385
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 November 2023.




................................................
C J M Webster
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
NR HOMES (NORFOLK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

NR Homes (Norfolk) Limited is a private company limited by shares and incorporated in England and Wales, registration number is 10857385. The registered office is 1st Floor, Prospect House, Rouen Road  Norwich, United Kingdom, NR1 1RE. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

 
2.2

Going concern

The directors have considered the company's position at the time of signing the financial statements and plans for the future. Based on this, the directors have concluded that they have a reasonable expectation that the company will have adequate resources to continue in operational existance for at least twelve months from the date of signing these financial statements. They therefore continue to adopt the going concern basis of accounting in preparing these financial statements. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
NR HOMES (NORFOLK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Average Number
2
2


4.


Stocks





5.


Debtors

2023
2022
£
£


Amounts owed by joint ventures and associated undertakings
-
38,592

Other debtors
16,250
16,250

16,250
54,842


Page 4

 
NR HOMES (NORFOLK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
46,881

Amounts owed to other participating interests
11,148
-

Corporation tax
14,009
14,009

Accruals and deferred income
1,602
1,590

26,759
62,480



7.


Related party transactions

At the year end the company had transactions with related parties as show in the table below.


2023
2022
£
£

Websters of Norwich Ltd - Owed to/(from)
11,148
(38,592)
11,148
(38,592)


8.


Controlling party

The company is controlled by Webster Holdings (Norfolk) Limited by virtue of its 100% shareholding. 

 
Page 5