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Company Registration No. 03116958 (England and Wales)
Nortons Letting & Property Management Limited Unaudited accounts for the year ended 30 April 2023
Nortons Letting & Property Management Limited Unaudited accounts Contents
Page
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Nortons Letting & Property Management Limited Company Information for the year ended 30 April 2023
Director
Mr John Wray
Secretary
Mr John Wray
Company Number
03116958 (England and Wales)
Registered Office
68 Bruce Grove Tottenham London N17 6UZ UK
Accountants
DF Powell & Co, Chartered Certified Accountants 3 Cumbrian House First Floor, 217 Marsh Wall London E14 9FJ
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Nortons Letting & Property Management Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
856 
1,141 
Current assets
Debtors
134,276 
69,126 
Cash at bank and in hand
4,887 
- 
139,163 
69,126 
Creditors: amounts falling due within one year
(159,688)
(84,421)
Net current liabilities
(20,525)
(15,295)
Total assets less current liabilities
(19,669)
(14,154)
Creditors: amounts falling due after more than one year
(15,336)
(17,155)
Net liabilities
(35,005)
(31,309)
Capital and reserves
Called up share capital
2 
2 
Capital contribution reserve
(26,331)
(13,987)
Profit and loss account
(8,676)
(17,324)
Shareholders' funds
(35,005)
(31,309)
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 March 2024 and were signed on its behalf by
Mr John Wray Director Company Registration No. 03116958
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Nortons Letting & Property Management Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Nortons Letting & Property Management Limited is a private company, limited by shares, registered in England and Wales, registration number 03116958. The registered office is 68 Bruce Grove, Tottenham, London, N17 6UZ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% Straight line method
Plant & machinery
25% Reducing balance method
Motor vehicles
25% Reducing balance method
Fixtures & fittings
25% Reducing balance method
Computer equipment
25% Reducing balance method
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2022
149,152 
13,000 
46,581 
14,937 
223,670 
At 30 April 2023
149,152 
13,000 
46,581 
14,937 
223,670 
Depreciation
At 1 May 2022
149,151 
12,969 
45,952 
14,457 
222,529 
Charge for the year
- 
8 
157 
120 
285 
At 30 April 2023
149,151 
12,977 
46,109 
14,577 
222,814 
Net book value
At 30 April 2023
1 
23 
472 
360 
856 
At 30 April 2022
1 
31 
629 
480 
1,141 
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Nortons Letting & Property Management Limited Notes to the Accounts for the year ended 30 April 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,538 
- 
Other debtors
131,738 
69,126 
134,276 
69,126 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
2,182 
VAT
35,339 
24,892 
Trade creditors
- 
12,540 
Taxes and social security
7,104 
4,907 
Other creditors
75,723 
31,110 
Loans from directors
35,612 
6,240 
Accruals
5,910 
2,550 
159,688 
84,421 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,336 
17,155 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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