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
Nortons Letting & Property Management Limited
Company Information
for the year ended 30 April 2023
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
Nortons Letting & Property Management Limited
Statement of financial position
as at 30 April 2023
Cash at bank and in hand
4,887
-
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)
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
Nortons Letting & Property Management Limited
Notes to the Accounts
for the year ended 30 April 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
At 30 April 2023
1
23
472
360
856
At 30 April 2022
1
31
629
480
1,141
Nortons Letting & Property Management Limited
Notes to the Accounts
for the year ended 30 April 2023
Amounts falling due within one year
Other debtors
131,738
69,126
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
2,182
Taxes and social security
7,104
4,907
Other creditors
75,723
31,110
Loans from directors
35,612
6,240
7
Creditors: amounts falling due after more than one year
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).