Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truetrue02023-01-01falseproperty management0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04183013 2023-01-01 2023-12-31 04183013 2022-01-01 2022-12-31 04183013 2023-12-31 04183013 2022-12-31 04183013 c:Director1 2023-01-01 2023-12-31 04183013 d:FurnitureFittings 2023-01-01 2023-12-31 04183013 d:FurnitureFittings 2023-12-31 04183013 d:FurnitureFittings 2022-12-31 04183013 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04183013 d:CurrentFinancialInstruments 2023-12-31 04183013 d:CurrentFinancialInstruments 2022-12-31 04183013 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04183013 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04183013 d:ShareCapital 2023-12-31 04183013 d:ShareCapital 2022-12-31 04183013 d:RetainedEarningsAccumulatedLosses 2023-12-31 04183013 d:RetainedEarningsAccumulatedLosses 2022-12-31 04183013 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 04183013 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 04183013 c:FRS102 2023-01-01 2023-12-31 04183013 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04183013 c:FullAccounts 2023-01-01 2023-12-31 04183013 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04183013 2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04183013









NORTON ENTERPRISE MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
NORTON ENTERPRISE MANAGEMENT LIMITED
REGISTERED NUMBER: 04183013

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
25
30

  
25
30

Current assets
  

Debtors: amounts falling due within one year
 5 
642
1,082

Cash at bank and in hand
 6 
11,078
7,138

  
11,720
8,220

Creditors: amounts falling due within one year
 7 
(8,211)
(7,849)

Net current assets
  
 
 
3,509
 
 
371

Total assets less current liabilities
  
3,534
401

  

Net assets
  
3,534
401


Capital and reserves
  

Called up share capital 
  
25
25

Profit and loss account
  
3,509
376

  
3,534
401


Page 1

 
NORTON ENTERPRISE MANAGEMENT LIMITED
REGISTERED NUMBER: 04183013
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 September 2024.




................................................
Christopher Knight
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
NORTON ENTERPRISE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The principal activity of the Company throughout the year was that of property management. The Company was incorporated in England and is a private company limited by share capital.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
NORTON ENTERPRISE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

Page 4

 
NORTON ENTERPRISE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2023
919



At 31 December 2023

919



Depreciation


At 1 January 2023
889


Charge for the year on owned assets
5



At 31 December 2023

894



Net book value



At 31 December 2023
25



At 31 December 2022
30

Page 5

 
NORTON ENTERPRISE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
642
1,082

642
1,082



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
11,078
7,138

11,078
7,138



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,225
760

Corporation tax
14
2

Other taxation and social security
464
196

Other creditors
3,505
3,951

Accruals and deferred income
3,003
2,940

8,211
7,849



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
11,078
7,138




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand. 

Page 6

 
NORTON ENTERPRISE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Related party transactions

During the year £1,353 (2022 - £1,094) was paid by Christopher Knight, a director, in relation to service charges due. During the year £521 (2022 - £513) was paid by Graham Read, a director, in relation to service charges due. At the end of the year £Nil (2022 - £Nil) was outstanding by either director. The directors are invoiced quarterly for service charges, comparable to the other tenants, on a commercial basis. 


10.


Controlling party

There is no overall controlling interest. 

 
Page 7