IRIS Accounts Production v24.3.0.553 04245785 Board of Directors 1.1.23 31.12.23 31.12.23 the management of the property known as Norton Hall, Stockton on Tees, Cleveland. 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042457852022-12-31042457852023-12-31042457852023-01-012023-12-31042457852021-12-31042457852022-01-012022-12-31042457852022-12-3104245785ns15:EnglandWales2023-01-012023-12-3104245785ns14:PoundSterling2023-01-012023-12-3104245785ns10:Director12023-01-012023-12-3104245785ns10:CompanyLimitedByGuarantee2023-01-012023-12-3104245785ns10:SmallEntities2023-01-012023-12-3104245785ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3104245785ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104245785ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104245785ns10:FullAccounts2023-01-012023-12-3104245785ns10:Director32023-01-012023-12-3104245785ns10:CompanySecretary12023-01-012023-12-3104245785ns10:RegisteredOffice2023-01-012023-12-3104245785ns10:Director42023-01-012023-12-3104245785ns10:Director22023-01-012023-12-3104245785ns5:CurrentFinancialInstruments2023-12-3104245785ns5:CurrentFinancialInstruments2022-12-3104245785ns5:Non-currentFinancialInstruments2023-12-3104245785ns5:Non-currentFinancialInstruments2022-12-3104245785ns5:RetainedEarningsAccumulatedLosses2023-12-3104245785ns5:RetainedEarningsAccumulatedLosses2022-12-3104245785ns5:LandBuildings2022-12-3104245785ns5:LandBuildings2023-12-3104245785ns5:LandBuildings2022-12-3104245785ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3104245785ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3104245785ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3104245785ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-3104245785ns5:RetainedEarningsAccumulatedLosses2022-12-3104245785ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 04245785 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

NORTON HALL (NORTON STOCKTON) MANAGEMENT
COMPANY LIMITED

NORTON HALL (NORTON STOCKTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04245785)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


NORTON HALL (NORTON STOCKTON) MANAGEMENT
COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTORS: C B Luke
M Binks





SECRETARY: M Binks





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 04245785 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

NORTON HALL (NORTON STOCKTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04245785)

REPORT OF THE DIRECTORS
for the Year Ended 31st December 2023

The directors present their report with the financial statements of the company for the year ended 31st December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2023 to the date of this report.

C B Luke
M Binks

Other changes in directors holding office are as follows:

C Wormald - resigned 22nd March 2023

P R Hughes ceased to be a director after 31st December 2023 but prior to the date of this report.

The company is limited by guarantee and has no share capital.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M Binks - Director


29th October 2024

NORTON HALL (NORTON STOCKTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04245785)

INCOME STATEMENT
for the Year Ended 31st December 2023

31/12/23 31/12/22
Notes £    £   

INCOME 75,258 76,025

Service charge expenditure 89,426 79,050
OPERATING DEFICIT (14,168 ) (3,025 )

Interest receivable and similar income 639 37
DEFICIT BEFORE TAXATION (13,529 ) (2,988 )

Tax on deficit 4 1,432 1,318
DEFICIT FOR THE FINANCIAL YEAR (14,961 ) (4,306 )

NORTON HALL (NORTON STOCKTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04245785)

BALANCE SHEET
31st December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 53,639 53,639

CURRENT ASSETS
Debtors 6 101,460 105,948

CREDITORS
Amounts falling due within one year 7 100,249 105,567
NET CURRENT ASSETS 1,211 381
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,850

54,020

CREDITORS
Amounts falling due after more than one year 8 47,300 47,300
NET ASSETS 7,550 6,720

RESERVES
Income and expenditure account 9 7,550 6,720
7,550 6,720

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

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

NORTON HALL (NORTON STOCKTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04245785)

BALANCE SHEET - continued
31st December 2023


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

The financial statements were approved by the Board of Directors and authorised for issue on 29th October 2024 and were signed on its behalf by:





M Binks - Director


NORTON HALL (NORTON STOCKTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04245785)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Norton Hall (Norton Stockton) Management Company Limited is a private company, limited by guarantee , 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.

Income
During the year the company received monies from lessees, as agents, in respect of service charges and related income, which are held on trust and do not constitute turnover.

Tangible fixed assets
No depreciation is provided on the cost of the freehold reversionary interest acquired in 2010 as reflected in note 5 to the accounts. In the opinion of the directors, no depreciation is required because, due to the nature of the asset, its value should be preserved by virtue of its source of ground rent income.

Presentation of the income statement
The presentation of the Income Statement on page 3 has been modified from the prescribed format for Company accounts in order to provide more information to lessees and other parties who may be interested in the expenditure incurred in the management of the property.

3. EMPLOYEES AND DIRECTORS

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

31/12/23 31/12/22
£    £   
Directors' remuneration - -

4. TAXATION

Analysis of the tax charge
The tax charge on the deficit for the year was as follows:
31/12/23 31/12/22
£    £   
Current tax:
UK corporation tax 1,432 1,318
Tax on deficit 1,432 1,318

NORTON HALL (NORTON STOCKTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04245785)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st January 2023
and 31st December 2023 53,639
NET BOOK VALUE
At 31st December 2023 53,639
At 31st December 2022 53,639

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 729 438
Other debtors 1,383 84
Bank Balance held by Managing Agents 50,592 71,036
Service Charge Account Deficit 40,758 28,328
Prepayments 7,998 6,062
101,460 105,948

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 8,832 1,740
Tax 1,432 1,304
Service Charge Account 27,083 35,473
Reserve Fund 60,945 63,827
Accrued expenses 1,957 3,223
100,249 105,567

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Other loans more 5yrs non-inst 47,300 47,300

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 47,300 47,300

NORTON HALL (NORTON STOCKTON) MANAGEMENT
COMPANY LIMITED (REGISTERED NUMBER: 04245785)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

9. RESERVES
Income
and
expenditure
account
£   

At 1st January 2023 6,720
Deficit for the year (14,961 )
Transfer (to)/from Service Charge
Account

15,791

At 31st December 2023 7,550

10. RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such received income in the form of service charge from residents, some of whom are directors of the company. Service charges payable by the directors are on the same basis as for all of the other residents.

11. LIMIT OF MEMBERS LIABILITY

The liability of the members of the company is limited by guarantee to £1 each.