Norbreck Self Storage Ltd 14816302 false 2023-04-20 2024-03-31 2024-03-31 The principal activity of the company is the provision of self storage Digita Accounts Production Advanced 6.30.9574.0 true true 14816302 2023-04-20 2024-03-31 14816302 2024-03-31 14816302 bus:OrdinaryShareClass1 2024-03-31 14816302 bus:OrdinaryShareClass2 2024-03-31 14816302 bus:OrdinaryShareClass3 2024-03-31 14816302 core:CurrentFinancialInstruments 2024-03-31 14816302 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14816302 core:Non-currentFinancialInstruments 2024-03-31 14816302 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 14816302 core:FurnitureFittings 2024-03-31 14816302 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 14816302 core:OfficeEquipment 2024-03-31 14816302 core:PlantMachinery 2024-03-31 14816302 bus:SmallEntities 2023-04-20 2024-03-31 14816302 bus:AuditExemptWithAccountantsReport 2023-04-20 2024-03-31 14816302 bus:FilletedAccounts 2023-04-20 2024-03-31 14816302 bus:SmallCompaniesRegimeForAccounts 2023-04-20 2024-03-31 14816302 bus:RegisteredOffice 2023-04-20 2024-03-31 14816302 bus:Director1 2023-04-20 2024-03-31 14816302 bus:OrdinaryShareClass1 2023-04-20 2024-03-31 14816302 bus:OrdinaryShareClass2 2023-04-20 2024-03-31 14816302 bus:OrdinaryShareClass3 2023-04-20 2024-03-31 14816302 bus:PrivateLimitedCompanyLtd 2023-04-20 2024-03-31 14816302 core:FurnitureFittings 2023-04-20 2024-03-31 14816302 core:LandBuildings core:LongLeaseholdAssets 2023-04-20 2024-03-31 14816302 core:OfficeEquipment 2023-04-20 2024-03-31 14816302 core:OtherPropertyPlantEquipment 2023-04-20 2024-03-31 14816302 core:PlantMachinery 2023-04-20 2024-03-31 14816302 countries:England 2023-04-20 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14816302

Norbreck Self Storage Ltd

Unaudited Filleted Financial Statements

for the Period from 20 April 2023 to 31 March 2024

 

Norbreck Self Storage Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Norbreck Self Storage Ltd

Company Information

Director

Philip Richard Halhead

Registered office

Norbreck Farm
Hillam Lane
Cockerham
Lancaster
LA2 0DY

Accountants

King Street Accounts
Office 4, 1st Floor
Victory House, The Sidings
Whalley
Clitheroe
Lancashire
BB7 9SE

 

Norbreck Self Storage Ltd

(Registration number: 14816302)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

498,339

Current assets

 

Debtors

5

22,976

Cash at bank and in hand

 

7,462

 

30,438

Creditors: Amounts falling due within one year

6

(42,462)

Net current liabilities

 

(12,024)

Total assets less current liabilities

 

486,315

Creditors: Amounts falling due after more than one year

6

(475,472)

Net assets

 

10,843

Capital and reserves

 

Called up share capital

7

100

Retained earnings

10,743

Shareholders' funds

 

10,843

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 December 2024
 

 

Norbreck Self Storage Ltd

(Registration number: 14816302)
Balance Sheet as at 31 March 2024

.........................................
Philip Richard Halhead
Director

 

Norbreck Self Storage Ltd

Notes to the Unaudited Financial Statements for the Period from 20 April 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Norbreck Farm
Hillam Lane
Cockerham
Lancaster
LA2 0DY

These financial statements were authorised for issue by the director on 16 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Norbreck Self Storage Ltd

Notes to the Unaudited Financial Statements for the Period from 20 April 2023 to 31 March 2024

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

10% pa reducing balance

Plant and Machinery

10% pa reducing balance

Storage Units

5% pa reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Norbreck Self Storage Ltd

Notes to the Unaudited Financial Statements for the Period from 20 April 2023 to 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Norbreck Self Storage Ltd

Notes to the Unaudited Financial Statements for the Period from 20 April 2023 to 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Storage Units
£

Total
£

Cost or valuation

Additions

306,001

51,919

53,353

97,190

508,463

At 31 March 2024

306,001

51,919

53,353

97,190

508,463

Depreciation

Charge for the period

-

2,596

2,668

4,860

10,124

At 31 March 2024

-

2,596

2,668

4,860

10,124

Carrying amount

At 31 March 2024

306,001

49,323

50,685

92,330

498,339

Included within the net book value of land and buildings above is £306,001 in respect of long leasehold land and buildings.
 

5

Debtors

Current

2024
£

Trade debtors

7,611

Prepayments

900

Other debtors

14,465

 

22,976

 

Norbreck Self Storage Ltd

Notes to the Unaudited Financial Statements for the Period from 20 April 2023 to 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

40,062

Accruals and deferred income

2,400

42,462

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

8

1,684

Other non-current financial liabilities

 

473,788

 

475,472

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary B £1 shares of £1 each

10

10

Ordinary C £1 shares of £1 each

5

5

Ordinary A £1 shares of £1 each

85

85

100

100

8

Loans and borrowings

Non-current loans and borrowings

2024
£

Other borrowings

1,684

 

Norbreck Self Storage Ltd

Notes to the Unaudited Financial Statements for the Period from 20 April 2023 to 31 March 2024

9

Related party transactions

At the balance sheet date £314,429 was owed to RT & PR Halhead Farm and £159,358 was owed to Norbreck genetics Ltd .