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REGISTERED NUMBER: 07951196 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NORFOLK RESIDENTIAL MANAGEMENT LIMITED

NORFOLK RESIDENTIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 07951196)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NORFOLK RESIDENTIAL MANAGEMENT LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: C J Hudson





SECRETARY: G N Hudson





REGISTERED OFFICE: Riverdale
Harleston Road
Pulham St Mary
Diss
Norfolk
IP21 4RH





REGISTERED NUMBER: 07951196 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

NORFOLK RESIDENTIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 07951196)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 187,541 163,266

CURRENT ASSETS
Debtors 5 11,508 11,304
Cash at bank 48,423 45,676
59,931 56,980
CREDITORS
Amounts falling due within one year 6 15,878 20,241
NET CURRENT ASSETS 44,053 36,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,594

200,005

PROVISIONS FOR LIABILITIES 10,500 -
NET ASSETS 221,094 200,005

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 221,093 200,004
SHAREHOLDERS' FUNDS 221,094 200,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 3 December 2024 and were signed by:




C J Hudson - Director


NORFOLK RESIDENTIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 07951196)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Norfolk Residential Management 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 represents net invoiced receipts for the supply of management and maintenance services.

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 etc - 25% on cost and 25% on reducing balance

Taxation
Taxation for the year 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 year 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 year was 1 (2023 - 1 ) .

NORFOLK RESIDENTIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 07951196)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 144,462 55,975 200,437
Additions - 43,421 43,421
At 31 March 2024 144,462 99,396 243,858
DEPRECIATION
At 1 April 2023 - 37,171 37,171
Charge for year - 19,146 19,146
At 31 March 2024 - 56,317 56,317
NET BOOK VALUE
At 31 March 2024 144,462 43,079 187,541
At 31 March 2023 144,462 18,804 163,266

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 361 9,554
Other debtors 11,147 1,750
11,508 11,304

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 32 -
Taxation and social security 13,326 17,721
Other creditors 2,520 2,520
15,878 20,241

7. RELATED PARTY DISCLOSURES

During the year services totalling £140,000 (2023 - £133,637) were charged to a related company.