NORSELAND HOLDINGS LIMITED

Company Registration Number:
05182026 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

NORSELAND HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

NORSELAND HOLDINGS LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Following the transfer of trade to Norseland Limited during 2009, the company no longer trades and acts as a holdingcompany only.The principal activity in the year of the company’s subsidiary, Norseland Limited, was the manufacture of the Ilchestercheese range and distribution of a broader speciality cheese range (including Norwegian cheeses manufactured by thecompany’s principal shareholder, TINE SA).



Directors

The director shown below has held office during the period of
1 August 2023 to 31 December 2023

James Catchpole


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 March 2024

And signed on behalf of the board by:
Name: James Catchpole
Status: Director

NORSELAND HOLDINGS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): 0 0
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 0 0
Tax: 0 0
Profit(or loss) for the financial year: 0 0

NORSELAND HOLDINGS LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Investments: 3 4,106,296 4,106,296
Total fixed assets: 4,106,296 4,106,296
Current assets
Debtors: 4 8,372,869 8,372,869
Total current assets: 8,372,869 8,372,869
Net current assets (liabilities): 8,372,869 8,372,869
Total assets less current liabilities: 12,479,165 12,479,165
Total net assets (liabilities): 12,479,165 12,479,165
Capital and reserves
Called up share capital: 12,432,000 12,432,000
Profit and loss account: 47,165 47,165
Total Shareholders' funds: 12,479,165 12,479,165

The notes form part of these financial statements

NORSELAND HOLDINGS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 26 March 2024
and signed on behalf of the board by:

Name: James Catchpole
Status: Director

The notes form part of these financial statements

NORSELAND HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Financial instruments

NORSELAND HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

NORSELAND HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed assets investments note

5. FIXED ASSET INVESTMENTSSubsidiary undertakings£Cost and net book valueAt 1 January 2023 and 31 December 2023 4,106,296The following subsidiary undertakings are involved directly or indirectly in the group’s principal activities.Percentage of ordinaryshare capital andvoting rights ownedSubsidiary undertaking by the groupPhonefood Limited (dormant) 100%Norseland Limited 100%Ridgebrick Limited 100%All subsidiary undertakings are incorporated in England and Wales.All subsidiaries also are registered at the same address as the company; Somerton Road, Ilchester, Somerset,BA22 8JL.Subsidiary undertakings have not been consolidated by Norseland Holdings Limited as permitted

NORSELAND HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Other debtors 8,372,869 8,372,869
Total 8,372,869 8,372,869

Amounts owed by group undertakings 2023: 8,372,869 2022: 8,372,869