REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30th September 2024 |
for |
Norspring Development Ltd |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30th September 2024 |
for |
Norspring Development Ltd |
Norspring Development Ltd (Registered number: 10382909) |
Contents of the Financial Statements |
for the Year Ended 30th September 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Norspring Development Ltd |
Company Information |
for the Year Ended 30th September 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
2 West Street |
Henley On Thames |
Oxfordshire |
RG9 2DU |
Norspring Development Ltd (Registered number: 10382909) |
Abridged Balance Sheet |
30th September 2024 |
30.9.24 | 30.9.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings | 6 |
SHAREHOLDERS' FUNDS |
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. |
Norspring Development Ltd (Registered number: 10382909) |
Abridged Balance Sheet - continued |
30th September 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Norspring Development Ltd (Registered number: 10382909) |
Notes to the Financial Statements |
for the Year Ended 30th September 2024 |
1. | STATUTORY INFORMATION |
Norspring Development Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The directors are conscious that the property market is extremely volatile at present. They have therefore considered that profits relating to the development should not be recognised until the cost of the development has been recovered entirely. This therefore reduces the value of work in progress shown in the accounts. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Work in progress |
Work in progress is valued at cost after deducting work in progress allocated to units sold during the year. |
There is an amendment to the comparatives for this figure, which in error excluded the cost of land purchased for the development. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1st October 2023 |
and 30th September 2024 | 100 |
NET BOOK VALUE |
At 30th September 2024 | 100 |
At 30th September 2023 | 100 |
Norspring Development Ltd (Registered number: 10382909) |
Notes to the Financial Statements - continued |
for the Year Ended 30th September 2024 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.24 | 30.9.23 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
6. | RESERVES |
Retained |
earnings |
£ |
At 1st October 2023 |
Deficit for the year | ( |
) |
At 30th September 2024 |