Norden House Limited 08087412 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is letting out of rental properties. Digita Accounts Production Advanced 6.30.9574.0 true true 08087412 2022-04-01 2023-03-31 08087412 2023-03-31 08087412 core:RetainedEarningsAccumulatedLosses 2023-03-31 08087412 core:ShareCapital 2023-03-31 08087412 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08087412 core:AdditionsToInvestments 2023-03-31 08087412 core:CostValuation 2023-03-31 08087412 core:DisposalsRepaymentsInvestments 2023-03-31 08087412 bus:SmallEntities 2022-04-01 2023-03-31 08087412 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08087412 bus:FullAccounts 2022-04-01 2023-03-31 08087412 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08087412 bus:RegisteredOffice 2022-04-01 2023-03-31 08087412 bus:Director1 2022-04-01 2023-03-31 08087412 bus:Director2 2022-04-01 2023-03-31 08087412 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08087412 countries:EnglandWales 2022-04-01 2023-03-31 08087412 core:CostValuation 2022-03-31 08087412 2021-04-01 2022-03-31 08087412 2022-03-31 08087412 core:RetainedEarningsAccumulatedLosses 2022-03-31 08087412 core:ShareCapital 2022-03-31 08087412 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 08087412

Norden House Limited

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Norden House Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 4

 

Norden House Limited

Company Information

Directors

M J Crinson

H J Bower

Registered office

117 St. Georges Terrace
Jesmond
Newcastle upon Tyne
NE2 2DN

Accountants

Azets
Bulman House
Regent Centre
Gosforth
Newcastle upon Tyne
NE3 3LS

 

Norden House Limited

(Registration number: 08087412)
Statement of Financial Position as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

199,779

170,026

Current assets

 

Cash at bank and in hand

 

39

39

Creditors: Amounts falling due within one year

5

(7,967)

(6,143)

Net current liabilities

 

(7,928)

(6,104)

Net assets

 

191,851

163,922

Capital and reserves

 

Called up share capital

40

40

Profit and loss account

191,811

163,882

Total equity

 

191,851

163,922

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised for issue by the Board on 29 November 2023 and signed on its behalf by:
 

.........................................
M J Crinson
Director

 

Norden House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is 117 St. Georges Terrace, Jesmond, Newcastle upon Tyne, NE2 2DN.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through cash generated from operations. The company’s forecasts and projections for the next twelve months show that the company should be able to continue in operational existence for that period, taking into account reasonable possible changes in trading performance.

Based on the factors set out above the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Investments in associates
Investments in associate undertakings are recognised at cost.

 

Norden House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Share of LLP profits (losses)
The share represents the amounts allocated to the company as a member of Bowson Real Estate LLP.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in associates

199,779

170,026

Bowson Real Estate LLP
£

Cost

At 1 April 2022

170,026

Share of profits

36,853

Drawn down

(7,100)

At 31 March 2023

199,779

Carrying amount

At 31 March 2023

199,779

At 31 March 2022

170,026

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Corporation tax liability

7,967

6,143