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REGISTERED NUMBER: 10753259 (England and Wales)















14 NORWOOD STREET LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023






14 NORWOOD STREET LIMITED (REGISTERED NUMBER: 10753259)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


14 NORWOOD STREET LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023







DIRECTOR: J Whetlor





REGISTERED OFFICE: King Arthurs Court
Maidstone Road
Charing
Ashford
Kent
TN27 0JS





REGISTERED NUMBER: 10753259 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

14 NORWOOD STREET LIMITED (REGISTERED NUMBER: 10753259)

BALANCE SHEET
31 DECEMBER 2023

2023 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 243 325
Investment property 5 665,000 665,000
665,243 665,325

CURRENT ASSETS
Debtors 6 15,695 15,695
Cash at bank 7,592 39,979
23,287 55,674
CREDITORS
Amounts falling due within one year 7 (66,326 ) (96,112 )
NET CURRENT LIABILITIES (43,039 ) (40,438 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

622,204

624,887

CREDITORS
Amounts falling due after more than one year 8 (514,371 ) (521,871 )

PROVISIONS FOR LIABILITIES 11 (3,461 ) (3,461 )
NET ASSETS 104,372 99,555

CAPITAL AND RESERVES
Called up share capital 12 1 1
Fair value reserve 13 18,215 18,215
Retained earnings 13 86,156 81,339
SHAREHOLDERS' FUNDS 104,372 99,555

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

14 NORWOOD STREET LIMITED (REGISTERED NUMBER: 10753259)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 6 September 2024 and were signed by:





J Whetlor - Director


14 NORWOOD STREET LIMITED (REGISTERED NUMBER: 10753259)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

14 Norwood Street 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.
Plant and machinery - 25% on cost
Fixture & Fittings - 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 period 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 period 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 period was NIL (2023 - NIL).

14 NORWOOD STREET LIMITED (REGISTERED NUMBER: 10753259)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Fixture &
machinery Fittings Totals
£    £    £   
COST
At 1 April 2023 23,785 5,274 29,059
Additions - 299 299
At 31 December 2023 23,785 5,573 29,358
DEPRECIATION
At 1 April 2023 23,785 4,949 28,734
Charge for period - 381 381
At 31 December 2023 23,785 5,330 29,115
NET BOOK VALUE
At 31 December 2023 - 243 243
At 31 March 2023 - 325 325

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 December 2023 665,000
NET BOOK VALUE
At 31 December 2023 665,000
At 31 March 2023 665,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Sundry debtors 15,695 15,695

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Corporation Tax 1,149 4,646
Sundry creditors 44,499 68,727
Directors' current accounts 8,091 11,779
Accrued expenses 2,587 960
66,326 96,112

14 NORWOOD STREET LIMITED (REGISTERED NUMBER: 10753259)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2023
£    £   
Bank loans (see note 9) 514,371 521,871

9. LOANS

An analysis of the maturity of loans is given below:

2023 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 514,371 521,871

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2023
£    £   
Bank loans 524,371 531,871

The mortgage loan is secured on the property and is interest bearing and re-payable by installment.

11. PROVISIONS FOR LIABILITIES
2023 2023
£    £   
Deferred tax 3,461 3,461

Deferred
tax
£   
Balance at 1 April 2023 3,461
Balance at 31 December 2023 3,461

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2023
value: £    £   
1 Ordinary 1 1 1

14 NORWOOD STREET LIMITED (REGISTERED NUMBER: 10753259)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 DECEMBER 2023

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 81,339 18,215 99,554
Profit for the period 4,817 4,817
At 31 December 2023 86,156 18,215 104,371