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REGISTERED NUMBER: 10303840 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

NORTON HALL & GOLD LIMITED

NORTON HALL & GOLD LIMITED (REGISTERED NUMBER: 10303840)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTON HALL & GOLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: R M Hall
W P Norton





REGISTERED OFFICE: Finchale House
Belmont Business Park
Durham
DH1 1TW





REGISTERED NUMBER: 10303840 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

NORTON HALL & GOLD LIMITED (REGISTERED NUMBER: 10303840)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 190,950 190,950

CURRENT ASSETS
Stocks 154,393 393,342
Debtors 5 79,529 48,538
Cash at bank 81,707 20,250
315,629 462,130
CREDITORS
Amounts falling due within one year 6 133,084 388,553
NET CURRENT ASSETS 182,545 73,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,495

264,527

CREDITORS
Amounts falling due after more than one
year

7

20,000

30,000
NET ASSETS 353,495 234,527

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 353,493 234,525
SHAREHOLDERS' FUNDS 353,495 234,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NORTON HALL & GOLD LIMITED (REGISTERED NUMBER: 10303840)

BALANCE SHEET - continued
31 MAY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





W P Norton - Director


NORTON HALL & GOLD LIMITED (REGISTERED NUMBER: 10303840)

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

1. STATUTORY INFORMATION

Norton Hall & Gold 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 preparing the financial statements
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 as modified by the revaluation of certain assets.

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

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost. The value of the investment will be reviewed annually by the directors for any impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

NORTON HALL & GOLD LIMITED (REGISTERED NUMBER: 10303840)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2022
and 31 May 2023 190,950
NET BOOK VALUE
At 31 May 2023 190,950
At 31 May 2022 190,950

The investment constitutes a 100% shareholding in Dynamic Property Management North East Limited.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,500 29,977
Other debtors 65,029 18,561
79,529 48,538

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 61,801 46,315
Other creditors 61,283 332,238
133,084 388,553

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,000 30,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other creditors - 278,060

The above charges were repaid in full during the financial year. Therefore, the total amount outstanding at the balance sheet date is £nil (2022: £278,060).

NORTON HALL & GOLD LIMITED (REGISTERED NUMBER: 10303840)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 May 2023 and the period ended 31 May 2022:

2023 2022
£    £   
R M Hall
Balance outstanding at start of year - -
Amounts advanced 39,805 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,805 -

The above amount was repaid by the director in full on 19 December 2023.

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year a director maintained interest free loan to the company. At the balance sheet date the total amount outstanding was £3,547 (2022: £2,124).

During the year the company maintained interest free loans to companies related by way of common directors and shareholders. At the balance sheet date the total amount outstanding was £24,846 (2022: £13,833).