IRIS Accounts Production v24.2.0.383 10213298 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102132982022-12-31102132982023-12-31102132982023-01-012023-12-31102132982021-12-31102132982022-01-012022-12-31102132982022-12-3110213298ns15:EnglandWales2023-01-012023-12-3110213298ns14:PoundSterling2023-01-012023-12-3110213298ns10:Director12023-01-012023-12-3110213298ns10:Director22023-01-012023-12-3110213298ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110213298ns10:SmallEntities2023-01-012023-12-3110213298ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110213298ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110213298ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110213298ns10:FullAccounts2023-01-012023-12-3110213298ns10:OrdinaryShareClass12023-01-012023-12-3110213298ns10:RegisteredOffice2023-01-012023-12-3110213298ns5:CurrentFinancialInstruments2023-12-3110213298ns5:CurrentFinancialInstruments2022-12-3110213298ns5:ShareCapital2023-12-3110213298ns5:ShareCapital2022-12-3110213298ns5:SharePremium2023-12-3110213298ns5:SharePremium2022-12-3110213298ns5:RetainedEarningsAccumulatedLosses2023-12-3110213298ns5:RetainedEarningsAccumulatedLosses2022-12-3110213298ns5:CostValuation2022-12-3110213298ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3110213298ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3110213298ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 10213298 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

NORRIS CASTLE ESTATE (GROUP) LTD

NORRIS CASTLE ESTATE (GROUP) LTD (REGISTERED NUMBER: 10213298)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORRIS CASTLE ESTATE (GROUP) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M Oyediwura
C M Wellington





REGISTERED OFFICE: Dmb Law The Old Bat And Ball
St. Johns Hill
Sevenoaks
TN13 3PF





REGISTERED NUMBER: 10213298 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

NORRIS CASTLE ESTATE (GROUP) LTD (REGISTERED NUMBER: 10213298)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 7 7

CURRENT ASSETS
Stocks 1,643,238 1,473,091
Debtors 5 464,469 461,207
Cash at bank 1,807 2,278
2,109,514 1,936,576
CREDITORS
Amounts falling due within one year 6 2,997,232 2,573,017
NET CURRENT LIABILITIES (887,718 ) (636,441 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(887,711

)

(636,434

)

CAPITAL AND RESERVES
Called up share capital 7 400 400
Share premium 5,599,700 5,599,700
Retained earnings (6,487,811 ) (6,236,534 )
SHAREHOLDERS' FUNDS (887,711 ) (636,434 )

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

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

NORRIS CASTLE ESTATE (GROUP) LTD (REGISTERED NUMBER: 10213298)

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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:




C M Wellington - Director



M Oyediwura - Director


NORRIS CASTLE ESTATE (GROUP) LTD (REGISTERED NUMBER: 10213298)

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

1. STATUTORY INFORMATION

Norris Castle Estate (Group) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Norris Castle Estate (Group) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks consists of development properties and all associated costs, including legal fees & direct costs.

Going concern
Notwithstanding the deficiency of net current assets at the period end as shown in the balance sheet, the directors remain confident the company and the group can continue as a going concern as a result of the ongoing financial support provided by the shareholders and their related entities.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 7
NET BOOK VALUE
At 31 December 2023 7
At 31 December 2022 7

NORRIS CASTLE ESTATE (GROUP) LTD (REGISTERED NUMBER: 10213298)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 460,355 458,605
Other debtors 4,114 2,602
464,469 461,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 20,706 6,118
Other creditors 2,976,526 2,566,899
2,997,232 2,573,017

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
400 Ordinary £1 400 400