Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-301No description of principal activity2023-07-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08555003 2023-07-01 2024-06-30 08555003 2022-07-01 2023-06-30 08555003 2024-06-30 08555003 2023-06-30 08555003 c:Director1 2023-07-01 2024-06-30 08555003 c:RegisteredOffice 2023-07-01 2024-06-30 08555003 d:FreeholdInvestmentProperty 2024-06-30 08555003 d:FreeholdInvestmentProperty 2023-06-30 08555003 d:CurrentFinancialInstruments 2024-06-30 08555003 d:CurrentFinancialInstruments 2023-06-30 08555003 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 08555003 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08555003 d:ShareCapital 2024-06-30 08555003 d:ShareCapital 2023-06-30 08555003 d:RetainedEarningsAccumulatedLosses 2024-06-30 08555003 d:RetainedEarningsAccumulatedLosses 2023-06-30 08555003 d:OtherDeferredTax 2024-06-30 08555003 d:OtherDeferredTax 2023-06-30 08555003 c:FRS102 2023-07-01 2024-06-30 08555003 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08555003 c:FullAccounts 2023-07-01 2024-06-30 08555003 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 08555003







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


50 NORTON ROAD LIMITED






































                        

 


50 NORTON ROAD LIMITED
 


 
COMPANY INFORMATION


Director
C Hartfield 




Registered number
08555003



Registered office
3rd Floor
126-134 Baker Street

London

W1U 6UE




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


50 NORTON ROAD LIMITED
REGISTERED NUMBER:08555003



BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,000,000
1,000,000

  
1,000,000
1,000,000

Current assets
  

Debtors: amounts falling due within one year
 5 
27,656
27,656

Cash at bank and in hand
  
6,229
17,331

  
33,885
44,987

Creditors: amounts falling due within one year
 6 
(663,701)
(675,000)

Net current liabilities
  
 
 
(629,816)
 
 
(630,013)

Total assets less current liabilities
  
370,184
369,987

Provisions for liabilities
  

Deferred tax
 7 
(61,075)
(46,417)

  
 
 
(61,075)
 
 
(46,417)

Net assets
  
309,109
323,570


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
309,009
323,470

  
309,109
323,570


Page 1

 


50 NORTON ROAD LIMITED
REGISTERED NUMBER:08555003


    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C Hartfield
Director

Date: 3 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


50 NORTON ROAD LIMITED
 


 
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

50 Norton Road Limited is a private company, limited by shares, registered in England and Wales, company registered number 08555003. The registered office address can be found on the Company Information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is generated by renting out an investment property and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 


50 NORTON ROAD LIMITED
 


 
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
1,000,000



At 30 June 2024
1,000,000

The 2024 valuations were made by the director, on an open market value for existing use basis.





5.


Debtors

2024
2023
£
£


Other debtors
27,656
27,656

27,656
27,656



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
634,000
642,000

Corporation tax
46
465

Other creditors
27,375
30,375

Accruals and deferred income
2,280
2,160

663,701
675,000


Page 4

 


50 NORTON ROAD LIMITED
 


 
FOR THE YEAR ENDED 30 JUNE 2024

7.


Deferred taxation




2024


£






At beginning of year
(61,075)



At end of year
(61,075)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Investment property revaluation
(61,075)
(46,417)

(61,075)
(46,417)


8.


Related party transactions

As at the balance sheet date within other creditors there is an amount of £22,375 (2023: £25,375) was owed to the director. The loan has been provided interest free and is repayable on demand.
Within other debtors there is a balance due to a company under common control of £27,656 (2023: £27,656). The loan has been provided interest free and is repayable on demand.

 
Page 5