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REGISTERED NUMBER: 09383280 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

NORCROFT PROPERTIES LIMITED

NORCROFT PROPERTIES LIMITED (REGISTERED NUMBER: 09383280)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORCROFT PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31st January 2024







DIRECTORS: Mr A S Richardson
Mrs K E Richardson





SECRETARY: Mrs K E Richardson





REGISTERED OFFICE: 91 Hedgley Road
Hebburn
Tyne and Wear
NE31 1YH





REGISTERED NUMBER: 09383280 (England and Wales)





ACCOUNTANTS: DCB Accountants Limited
Compton House
104 Scotland Road
Penrith
Cumbria
CA11 7NR

NORCROFT PROPERTIES LIMITED (REGISTERED NUMBER: 09383280)

BALANCE SHEET
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 4,072

CURRENT ASSETS
Stocks 5 - 100
Debtors 6 120,000 -
120,000 100
CREDITORS
Amounts falling due within one year 7 6,946 3,976
NET CURRENT ASSETS/(LIABILITIES) 113,054 (3,876 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,054

196

CREDITORS
Amounts falling due after more than one
year

8

61,623

47,053
NET ASSETS/(LIABILITIES) 51,431 (46,857 )

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 11 51,427 (46,861 )
SHAREHOLDERS' FUNDS 51,431 (46,857 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

NORCROFT PROPERTIES LIMITED (REGISTERED NUMBER: 09383280)

BALANCE SHEET - continued
31st January 2024


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 Board of Directors and authorised for issue on 2nd April 2024 and were signed on its behalf by:





Mrs K E Richardson - Director


NORCROFT PROPERTIES LIMITED (REGISTERED NUMBER: 09383280)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Norcroft Properties 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.

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

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 - 25% on reducing balance

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 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 1 (2023 - 1 ) .

NORCROFT PROPERTIES LIMITED (REGISTERED NUMBER: 09383280)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st February 2023 12,800
Disposals (12,800 )
At 31st January 2024 -
DEPRECIATION
At 1st February 2023 8,728
Eliminated on disposal (8,728 )
At 31st January 2024 -
NET BOOK VALUE
At 31st January 2024 -
At 31st January 2023 4,072

5. STOCKS
31.1.24 31.1.23
£    £   
Stock at cost - 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 120,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 9) 3,582 3,101
Tax 2,488 -
Accrued expenses 876 875
6,946 3,976

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 9) 4,650 7,492
Directors loan account 56,973 39,561
61,623 47,053

NORCROFT PROPERTIES LIMITED (REGISTERED NUMBER: 09383280)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2024

9. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 482 1
Bank loans 3,100 3,100
3,582 3,101

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,650 7,492

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
4 Ordinary £1 4 4

11. RESERVES
Retained
earnings
£   

At 1st February 2023 (46,861 )
Profit for the year 98,288
At 31st January 2024 51,427