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REGISTERED NUMBER: 01283108 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

NORMAN COURT ESTATE LIMITED

NORMAN COURT ESTATE LIMITED (REGISTERED NUMBER: 01283108)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NORMAN COURT ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: K G A Bergengren
W B A Bergengren





SECRETARY: K G A Bergengren





REGISTERED OFFICE: Home Farm
Norman Court
West Tytherley
Salisbury
SP5 1NL





REGISTERED NUMBER: 01283108 (England and Wales)





AUDITORS: Fawcetts LLP
Chartered Accountants
and Statutory Auditors
Windover House
St. Ann Street
Salisbury
SP1 2DR

NORMAN COURT ESTATE LIMITED (REGISTERED NUMBER: 01283108)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,105,682 40,234,050
Investments 5 15 15
40,105,697 40,234,065

CURRENT ASSETS
Stocks 1,027,757 838,274
Debtors 6 789,895 720,403
Cash at bank and in hand 772,593 376
2,590,245 1,559,053
CREDITORS
Amounts falling due within one year 7 726,405 684,237
NET CURRENT ASSETS 1,863,840 874,816
TOTAL ASSETS LESS CURRENT LIABILITIES 41,969,537 41,108,881

CREDITORS
Amounts falling due after more than one
year

8

23,983,539

22,833,539
NET ASSETS 17,985,998 18,275,342

CAPITAL AND RESERVES
Called up share capital 15,137,000 15,137,000
Retained earnings 2,848,998 3,138,342
SHAREHOLDERS' FUNDS 17,985,998 18,275,342

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





K G A Bergengren - Director


NORMAN COURT ESTATE LIMITED (REGISTERED NUMBER: 01283108)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Norman Court Estate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis and are presented in sterling which is the functional currency of the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 5% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Land is not depreciated.

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Stocks
Raw materials are stated at the lower of cost and net realisable value. Agricultural produce is valued at fair value less selling costs.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.


NORMAN COURT ESTATE LIMITED (REGISTERED NUMBER: 01283108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Debtors are measured at their recoverable amount.

Creditors
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Investments
Unlisted investments are included in the financial statements at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

NORMAN COURT ESTATE LIMITED (REGISTERED NUMBER: 01283108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 40,247,889 2,118,562 42,366,451
Additions - 44,070 44,070
Disposals - (750 ) (750 )
At 31 March 2023 40,247,889 2,161,882 42,409,771
DEPRECIATION
At 1 April 2022 710,903 1,421,498 2,132,401
Charge for year 105,833 66,428 172,261
Eliminated on disposal - (573 ) (573 )
At 31 March 2023 816,736 1,487,353 2,304,089
NET BOOK VALUE
At 31 March 2023 39,431,153 674,529 40,105,682
At 31 March 2022 39,536,986 697,064 40,234,050

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 15
NET BOOK VALUE
At 31 March 2023 15
At 31 March 2022 15

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 280,937 198,747
Other debtors 508,958 521,656
789,895 720,403

NORMAN COURT ESTATE LIMITED (REGISTERED NUMBER: 01283108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 179,536
Trade creditors 154,196 158,114
Taxation and social security 609 2,458
Other creditors 571,600 344,129
726,405 684,237

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 5,150,000 4,000,000
Other creditors 18,833,539 18,833,539
23,983,539 22,833,539

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 5,150,000 4,000,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 179,536
Bank loans 5,150,000 4,000,000
5,150,000 4,179,536

The bank loans are secured by way of legal charges on the freehold land owned by the company.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Ellingham FCA (Senior Statutory Auditor)
for and on behalf of Fawcetts LLP

NORMAN COURT ESTATE LIMITED (REGISTERED NUMBER: 01283108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


11. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Brickberg AB, a company incorporated in Sweden. Brickberg AB is owned by the estate of the late Mr Anders G Bergengren.

At 31 March 2023 the company owed £18,833,539 (2022 £18,833,539) to entities controlled by the Bergengren family estate.