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REGISTERED NUMBER: 00404634 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

NORFOLK GARAGE (HOLMWOOD) LIMITED

NORFOLK GARAGE (HOLMWOOD) LIMITED (REGISTERED NUMBER: 00404634)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORFOLK GARAGE (HOLMWOOD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: Mrs E M King
Mrs E D Pierce





SECRETARY: Mrs E M King





REGISTERED OFFICE: The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA





REGISTERED NUMBER: 00404634 (England and Wales)





ACCOUNTANTS: Ellis Atkins, Chartered Accountants
The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA

NORFOLK GARAGE (HOLMWOOD) LIMITED (REGISTERED NUMBER: 00404634)

BALANCE SHEET
5 APRIL 2024

5/4/24 5/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 342,000 342,000

CURRENT ASSETS
Debtors 5 15,000 15,000
Investments 6 124 124
Cash at bank 321 230
15,445 15,354
CREDITORS
Amounts falling due within one year 7 26,109 25,199
NET CURRENT LIABILITIES (10,664 ) (9,845 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,336

332,155

PROVISIONS FOR LIABILITIES 74,371 74,371
NET ASSETS 256,965 257,784

CAPITAL AND RESERVES
Called up share capital 2,500 2,500
Fair value reserve 8 254,454 254,454
Retained earnings 11 830
SHAREHOLDERS' FUNDS 256,965 257,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

NORFOLK GARAGE (HOLMWOOD) LIMITED (REGISTERED NUMBER: 00404634)

BALANCE SHEET - continued
5 APRIL 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 20 August 2024 and were signed on its behalf by:





Mrs E M King - Director


NORFOLK GARAGE (HOLMWOOD) LIMITED (REGISTERED NUMBER: 00404634)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Norfolk Garage (Holmwood) 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.

Turnover
The company's turnover represents rents receivable.

Tangible fixed assets
In accordance with Financial Reporting Standard 102 investment properties are revalued annually and the aggregate surplus or deficit is dealt with through the profit and loss account. The gain/loss is transferred to a fair value reserve after adjusting for deferred tax. No depreciation is provided in respect of investment properties.

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 NIL (2023 - NIL).

NORFOLK GARAGE (HOLMWOOD) LIMITED (REGISTERED NUMBER: 00404634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

4. TANGIBLE FIXED ASSETS
Investment
Property
£   
COST OR VALUATION
At 6 April 2023
and 5 April 2024 342,000
NET BOOK VALUE
At 5 April 2024 342,000
At 5 April 2023 342,000

Cost or valuation at 5 April 2024 is represented by:

Investment
Property
£   
Valuation in 2024 342,000

If the investment property had not been revalued it would have been included at the following historical cost:

5/4/24 5/4/23
£    £   
Cost 12,715 12,715

The investment property was valued on an open market basis on 5 April 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5/4/24 5/4/23
£    £   
Other debtors 15,000 15,000

6. CURRENT ASSET INVESTMENTS
5/4/24 5/4/23
£    £   
Listed investments 124 124

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5/4/24 5/4/23
£    £   
Taxation and social security 5,576 3,777
Other creditors 20,533 21,422
26,109 25,199

NORFOLK GARAGE (HOLMWOOD) LIMITED (REGISTERED NUMBER: 00404634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

8. RESERVES
Fair
value
reserve
£   
At 6 April 2023
and 5 April 2024 254,454