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REGISTERED NUMBER: 13428660 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

NORTH NORFOLK COUNTRY HIDEAWAYS LIMITED

NORTH NORFOLK COUNTRY HIDEAWAYS LIMITED (REGISTERED NUMBER: 13428660)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NORTH NORFOLK COUNTRY HIDEAWAYS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs M S Hickling
Mr D P Hickling
Mr S D J Hickling
Mr B P Hickling





REGISTERED OFFICE: Ingram House
6 Meridian Way
Norwich
Norfolk
NR7 0TA





REGISTERED NUMBER: 13428660 (England and Wales)





ACCOUNTANTS: LEES
Chartered Certified Accountants
Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA

NORTH NORFOLK COUNTRY HIDEAWAYS LIMITED (REGISTERED NUMBER: 13428660)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,675 5,500
Investment property 5 975,190 975,190
979,865 980,690

CURRENT ASSETS
Debtors 6 28,122 27,907
Cash at bank 9,115 -
37,237 27,907
CREDITORS
Amounts falling due within one year 7 954,756 955,290
NET CURRENT LIABILITIES (917,519 ) (927,383 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,346

53,307

PROVISIONS FOR LIABILITIES 23,062 -
NET ASSETS 39,284 53,307

CAPITAL AND RESERVES
Called up share capital 8 40 40
Retained earnings 39,244 53,267
39,284 53,307

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





Mrs M S Hickling - Director


NORTH NORFOLK COUNTRY HIDEAWAYS LIMITED (REGISTERED NUMBER: 13428660)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

North Norfolk Country Hideaways 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.

The financial statements are presented in Sterling, which is the functional currency of the company and rounded to the nearest £.

As at 31 May 2024 the company has net current liabilities of £917,519. Included in other creditors due within one year is an amount of £945,476 due to a company of which the company directors, Mrs M S Hickling and Mr D P Hickling, are directors The directors of this company will not seek repayment of this loan to the detriment of other creditors and will continue to provide the company with financial support as and when required. The directors therefore considers it appropriate to prepare the accounts on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2023 - NIL).

NORTH NORFOLK COUNTRY HIDEAWAYS LIMITED (REGISTERED NUMBER: 13428660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 7,613
DEPRECIATION
At 1 June 2023 2,113
Charge for year 825
At 31 May 2024 2,938
NET BOOK VALUE
At 31 May 2024 4,675
At 31 May 2023 5,500

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 975,190
NET BOOK VALUE
At 31 May 2024 975,190
At 31 May 2023 975,190

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 28,122 27,907

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,640 -
Other creditors 948,116 955,290
954,756 955,290

8. CALLED UP SHARE CAPITAL

Allotted issued and fully paid:
Number: Class: Nominal value: 2024 2023
£ £
10 Ordinary A £1 10 10
10 Ordinary B £1 10 10
10 Ordinary C £1 10 10
10 Ordinary D £1 10 10

40 40


NORTH NORFOLK COUNTRY HIDEAWAYS LIMITED (REGISTERED NUMBER: 13428660)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mrs M S Hickling
Balance outstanding at start of year 21,851 34,464
Amounts advanced 59,084 80,312
Amounts repaid (52,813 ) (92,925 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,122 21,851

Interest of £686 (2023 - £434) has been charged on the loan.