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Company No: 10857385 (England and Wales)

NR HOMES (NORFOLK) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

NR HOMES (NORFOLK) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

NR HOMES (NORFOLK) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
NR HOMES (NORFOLK) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
2024 2023
£ £
Current assets
Debtors 3 0 16,250
Cash at bank and in hand 822 1,520
822 17,770
Creditors: amounts falling due within one year 4 ( 11,456) ( 26,759)
Net current liabilities (10,634) (8,989)
Total assets less current liabilities (10,634) (8,989)
Net liabilities ( 10,634) ( 8,989)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 10,734 ) ( 9,089 )
Total shareholder's deficit ( 10,634) ( 8,989)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of NR Homes (Norfolk) Limited (registered number: 10857385) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

C J M Webster
Director

23 September 2024

NR HOMES (NORFOLK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
NR HOMES (NORFOLK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

NR Homes (Norfolk) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Larking Gowen 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Other debtors 0 16,250

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 10,076 11,148
Accruals 1,380 1,602
Corporation tax 0 14,009
11,456 26,759

5. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Websters of Norwich Ltd - Owed to/(from) 10,076 11,148

6. Ultimate controlling party

Parent Company:

Webster Holdings (Norfolk) Limited
C/O Larking Gowen 1st Floor Prospect House
Rouen Road
Norwich
Norfolk
United Kingdom
NR1 1RE