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REGISTERED NUMBER: 10425387 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

NORFOLK & WEST PROPERTIES LIMITED

NORFOLK & WEST PROPERTIES LIMITED (REGISTERED NUMBER: 10425387)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Report of the accountants 7

NORFOLK & WEST PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: E Lloyd Jones
M L Lloyd Jones





REGISTERED OFFICE: 2 Llys Onnen
Ffordd y Llyn
Parc Menai
Bangor
Gwynedd
LL57 4DF





REGISTERED NUMBER: 10425387 (England and Wales)





ACCOUNTANTS: Fraser Wood Limited
Chartered Certified Accountants
2 Llys Onnen
Ffordd Y Llyn
Parc Menai
Bangor
Gwynedd
LL57 4DF

NORFOLK & WEST PROPERTIES LIMITED (REGISTERED NUMBER: 10425387)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 415,000 384,706
415,000 384,706

CURRENT ASSETS
Cash at bank 208,167 197,415

CREDITORS
Amounts falling due within one year 6 (489,314 ) (492,228 )
NET CURRENT LIABILITIES (281,147 ) (294,813 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,853

89,893

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 30,294 -
Retained earnings 103,459 89,793
133,853 89,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

NORFOLK & WEST PROPERTIES LIMITED (REGISTERED NUMBER: 10425387)

BALANCE SHEET - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





E Lloyd Jones - Director


NORFOLK & WEST PROPERTIES LIMITED (REGISTERED NUMBER: 10425387)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Norfolk & West 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

NORFOLK & WEST PROPERTIES LIMITED (REGISTERED NUMBER: 10425387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 2,276
DEPRECIATION
At 1 November 2022
and 31 October 2023 2,276
NET BOOK VALUE
At 31 October 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 384,706
Revaluations 30,294
At 31 October 2023 415,000
NET BOOK VALUE
At 31 October 2023 415,000
At 31 October 2022 384,706

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 30,294
Cost 384,706
415,000

The valuation of the investment property was made as at 31 October 2023 by M. L. Lloyd Jones, who is a director of the company.

NORFOLK & WEST PROPERTIES LIMITED (REGISTERED NUMBER: 10425387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 3,250 7,100
Other creditors 486,064 485,128
489,314 492,228

7. RESERVES
Revaluation
reserve
£   
Investment property revaluation 30,294

At 31 October 2023 30,294

8. DIRECTORS LOANS

The directors loans £485,843 ( 31.10.22 - £485,128 ) are included in creditors falling due within one year.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is E Lloyd Jones and M L Lloyd Jones, directors and equal shareholders.

NORFOLK & WEST PROPERTIES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
NORFOLK & WEST PROPERTIES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 we have prepared for your approval the accounts of Norfolk & West Properties Limited for the year ended 31 October 2023 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.






Fraser Wood Limited
Chartered Certified Accountants
2 Llys Onnen
Ffordd Y Llyn
Parc Menai
Bangor
Gwynedd
LL57 4DF


25 July 2024