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REGISTERED NUMBER: 00783176 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Normal Properties Ltd

Normal Properties Ltd (Registered number: 00783176)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Normal Properties Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: M A Fraenkel
B L Fraenkel





SECRETARY: B L Fraenkel





REGISTERED OFFICE: 3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ





REGISTERED NUMBER: 00783176 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Normal Properties Ltd (Registered number: 00783176)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,509,888 3,020,000

CURRENT ASSETS
Debtors 5 105,191 101,556
Cash at bank 2,633,730 2,618,871
2,738,921 2,720,427
CREDITORS
Amounts falling due within one year 6 191,049 172,863
NET CURRENT ASSETS 2,547,872 2,547,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,057,760

5,567,564

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 6,057,660 5,567,464
SHAREHOLDERS' FUNDS 6,057,760 5,567,564

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





M A Fraenkel - Director


Normal Properties Ltd (Registered number: 00783176)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Normal Properties Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable, a rent is recognised as income in the period to which it relates.

Tangible fixed assets
Investment properties (Freehold and Long Leasehold) have been revalued by the directors, market values being used as a basis for the revaluations. It is the policy to maintain properties to a high standard, with regular maintenance expenditure being charged against operating profit. Depreciation of properties is not therefore considered necessary.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Freehold/Long
Leasehold
properties
£
COST OR VALUATION
At 1 November 2023 3,020,000
Additions 184,888
Revaluations 305,000
At 31 October 2024 3,509,888
NET BOOK VALUE
At 31 October 2024 3,509,888
At 31 October 2023 3,020,000

Normal Properties Ltd (Registered number: 00783176)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INVESTMENT PROPERTY - continued

Cost or valuation at 31 October 2024 is represented by:

Freehold/Long
Leasehold
properties
£
Valuation in 2014 (189,599 )
Valuation in 2015 (113,000 )
Valuation in 2016 (233,000 )
Valuation in 2017 (25,000 )
Valuation in 2019 630,338
Valuation in 2020 (215,000 )
Valuation in 2021 (30,000 )
Valuation in 2022 (25,000 )
Valuation in 2023 (50,000 )
Valuation in 2024 305,000
Cost 3,455,149
3,509,888

The properties were revalued by the directors on 31 October 2024 on the basis of their market values at that date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Trade debtors 95,816 92,133
Other debtors 9,375 9,423
105,191 101,556

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Taxation and social security 70,846 62,647
Other creditors 120,203 110,216
191,049 172,863

7. RESERVES
Retained
earnings
£

At 1 November 2023 5,567,464
Profit for the year 490,196
At 31 October 2024 6,057,660

Normal Properties Ltd (Registered number: 00783176)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. ULTIMATE CONTROLLING PARTY

The company is equally controlled by its two directors, Mr M A Fraenkel and Mrs B L Fraenkel who each own a fifty percent share in the company.