Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 00537990 Mr Charles Lees Mr Richard Lees Mr Nicholas Lees Mr Charles Lees iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00537990 2023-03-31 00537990 2024-03-31 00537990 2023-04-01 2024-03-31 00537990 frs-core:CurrentFinancialInstruments 2024-03-31 00537990 frs-core:Non-currentFinancialInstruments 2024-03-31 00537990 frs-core:ComputerEquipment 2024-03-31 00537990 frs-core:ComputerEquipment 2023-04-01 2024-03-31 00537990 frs-core:ComputerEquipment 2023-03-31 00537990 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 00537990 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00537990 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 00537990 frs-core:PlantMachinery 2024-03-31 00537990 frs-core:PlantMachinery 2023-04-01 2024-03-31 00537990 frs-core:PlantMachinery 2023-03-31 00537990 frs-core:CapitalRedemptionReserve 2024-03-31 00537990 frs-core:RevaluationReserve 2023-03-31 00537990 frs-core:RevaluationReserve 2024-03-31 00537990 frs-core:ShareCapital 2024-03-31 00537990 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 00537990 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00537990 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 00537990 frs-bus:SmallEntities 2023-04-01 2024-03-31 00537990 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00537990 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00537990 frs-core:ListedExchangeTraded 2024-03-31 00537990 frs-core:ListedExchangeTraded 2023-03-31 00537990 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 00537990 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 00537990 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 00537990 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 00537990 frs-bus:Director1 2023-04-01 2024-03-31 00537990 frs-bus:Director2 2023-04-01 2024-03-31 00537990 frs-bus:Director3 2023-04-01 2024-03-31 00537990 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 00537990 frs-countries:EnglandWales 2023-04-01 2024-03-31 00537990 2022-03-31 00537990 2023-03-31 00537990 2022-04-01 2023-03-31 00537990 frs-core:CurrentFinancialInstruments 2023-03-31 00537990 frs-core:Non-currentFinancialInstruments 2023-03-31 00537990 frs-core:CapitalRedemptionReserve 2023-03-31 00537990 frs-core:RevaluationReserve 2023-03-31 00537990 frs-core:ShareCapital 2023-03-31 00537990 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 00537990
Norban Estates Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Potts & Co
Accountancy and Business Advice
6 Jacobs Yard
Middle Barton
Oxfordshire
OX7 7BY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00537990
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 734,103 734,103
Investments 5 759 759
734,862 734,862
CURRENT ASSETS
Stocks 6 24,629 24,629
Debtors 7 45,352 57,471
Investments 8 11,855 11,855
Cash at bank and in hand 9,913 7,732
91,749 101,687
Creditors: Amounts Falling Due Within One Year 9 (326,071 ) (115,716 )
NET CURRENT ASSETS (LIABILITIES) (234,322 ) (14,029 )
TOTAL ASSETS LESS CURRENT LIABILITIES 500,540 720,833
Creditors: Amounts Falling Due After More Than One Year 10 (450,288 ) (657,666 )
NET ASSETS 50,252 63,167
CAPITAL AND RESERVES
Called up share capital 11 12,500 12,500
Revaluation reserve 12 50,930 50,930
Capital redemption reserve 7,500 7,500
Profit and Loss Account (20,678 ) (7,763 )
SHAREHOLDERS' FUNDS 50,252 63,167
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Lees
Director
23/12/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Norban Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00537990 . The registered office is 65 West Street, Welford, Northampton, NN6 6HU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold None
Plant & Machinery 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 734,271 1,918 416 736,605
As at 31 March 2024 734,271 1,918 416 736,605
Depreciation
As at 1 April 2023 168 1,918 416 2,502
As at 31 March 2024 168 1,918 416 2,502
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 734,103 - - 734,103
As at 1 April 2023 734,103 - - 734,103
5. Investments
Listed
£
Cost
As at 1 April 2023 759
As at 31 March 2024 759
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 759
As at 1 April 2023 759
6. Stocks
2024 2023
£ £
Stock 24,629 24,629
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,615 37,122
Amounts owed by group undertakings 76 -
Other debtors 20,661 20,349
45,352 57,471
8. Current Asset Investments
2024 2023
£ £
Unlisted investments 11,855 11,855
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,614 2,521
Bank loans and overdrafts 210,630 27,930
Other loans 68,531 52,567
Other creditors 24,484 21,148
Taxation and social security 11,812 11,550
326,071 115,716
Page 4
Page 5
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 450,288 657,666
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 12,500 12,500
12. Reserves
Revaluation Reserve
£
As at 1 April 2023 50,930
As at 31 March 2024 50,930
Page 5