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Registered Number: 12255950
England and Wales

 

 

 

NORFWEST PROPERTY SOLUTIONS LTD


Dormant Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Norfwest Property Solutions Ltd for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Norfwest Property Solutions Ltd for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Norfwest Property Solutions Ltd , as a body, in accordance with the terms of our engagement letter dated 01 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of Norfwest Property Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Norfwest Property Solutions Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Norfwest Property Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Norfwest Property Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Norfwest Property Solutions Ltd . You consider that Norfwest Property Solutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Norfwest Property Solutions Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 October 2023



....................................................
PHS Associates ACC & Co
223 St Albans Road
Watford
WD24 5BH
29 July 2024
1
 
 
Notes
 
2023
£
  2022
£
Current assets      
Debtors 17,885    17,885 
Cash at bank and in hand 2,066    2,066 
19,951    19,951 
Creditors: amount falling due within one year (3,788)   (3,488)
Net current assets 16,163    16,463 
 
Total assets less current liabilities 16,163    16,463 
Creditors: amount falling due after more than one year (5,329)   (5,329)
Net assets 10,834    11,134 
 

Capital and reserves
     
Called up share capital 1 100    100 
Profit and loss account 10,734    11,034 
Shareholders' funds 10,834    11,134 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under Section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.


The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 29 July 2024 and were signed by:


-------------------------------
Sara Ellen CLEMENT
Director
2
General Information
Norfwest Property Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12255950, registration address 67A Leghorn Road, London, NW10 4PJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
2.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

3.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3