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REGISTERED NUMBER: 02823834 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

LONDON AND NORWICH LIMITED

LONDON AND NORWICH LIMITED (REGISTERED NUMBER: 02823834)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONDON AND NORWICH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mrs S F Berry





SECRETARY: Miss G S Berry





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 02823834 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

LONDON AND NORWICH LIMITED (REGISTERED NUMBER: 02823834)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 230,000 260,000
230,000 260,000

CURRENT ASSETS
Debtors 6 3,406 668
Cash at bank 130 30
3,536 698
CREDITORS
Amounts falling due within one year 7 (78,963 ) (45,233 )
NET CURRENT LIABILITIES (75,427 ) (44,535 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,573

215,465

PROVISIONS FOR LIABILITIES 8 (27,162 ) (32,862 )
NET ASSETS 127,411 182,603

CAPITAL AND RESERVES
Called up share capital 9 2 2
Undistributable reserve 115,798 140,098
Retained earnings 11,611 42,503
SHAREHOLDERS' FUNDS 127,411 182,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

LONDON AND NORWICH LIMITED (REGISTERED NUMBER: 02823834)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2024 and were signed by:





Mrs S F Berry - Director


LONDON AND NORWICH LIMITED (REGISTERED NUMBER: 02823834)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

London And Norwich 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.

The director reports net current liabilities of £75,427 (2022: £44,535) but has agreed to support the company and therefore believes that it is appropriate for the financial statements to be prepared on a going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 2 (2022 - 2 ) .

LONDON AND NORWICH LIMITED (REGISTERED NUMBER: 02823834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022 10,073
Disposals (10,073 )
At 30 June 2023 -
DEPRECIATION
At 1 July 2022 10,073
Eliminated on disposal (10,073 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 260,000
Impairments (30,000 )
At 30 June 2023 230,000
NET BOOK VALUE
At 30 June 2023 230,000
At 30 June 2022 260,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 142,960
Cost 87,040
230,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 3,406 668

LONDON AND NORWICH LIMITED (REGISTERED NUMBER: 02823834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 9,908 7,173
Other creditors 69,055 38,060
78,963 45,233

8. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 27,162 32,862

Deferred
tax
£   
Balance at 1 July 2022 32,862
Credit to Income Statement during year (5,700 )
Balance at 30 June 2023 27,162

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
2 Ordinary £1 2 2