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REGISTERED NUMBER: 08683489 (England and Wales)













NORTON PLACE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






NORTON PLACE PROPERTIES LIMITED (REGISTERED NUMBER: 08683489)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


NORTON PLACE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J A Pritchard
Mrs L L Pritchard





REGISTERED OFFICE: The Lakeside Centre
180 Lifford Lane
Kings Norton
Birmingham
West Midlands
B30 3NU





REGISTERED NUMBER: 08683489 (England and Wales)





ACCOUNTANTS: CUTTER & CO LTD
CHARTERED ACCOUNTANTS
3 Lyttleton Court
Birmingham Street
Halesowen
West Midlands
B63 3HN

NORTON PLACE PROPERTIES LIMITED (REGISTERED NUMBER: 08683489)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 909,384 800,685
Investment property 5 281,905 281,905
1,191,289 1,082,590

CURRENT ASSETS
Debtors 6 150 150
Cash at bank 107,582 130,780
107,732 130,930
CREDITORS
Amounts falling due within one year 7 1,296 1,957
NET CURRENT ASSETS 106,436 128,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,297,725

1,211,563

CREDITORS
Amounts falling due after more than one
year

8

(842,056

)

(842,056

)

PROVISIONS FOR LIABILITIES (5,657 ) -
NET ASSETS 450,012 369,507

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 450,011 369,506
450,012 369,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

NORTON PLACE PROPERTIES LIMITED (REGISTERED NUMBER: 08683489)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 17 March 2025 and were signed on its behalf by:





J A Pritchard - Director


NORTON PLACE PROPERTIES LIMITED (REGISTERED NUMBER: 08683489)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Norton Place Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

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.

Financial instruments
The company has opted to apply the exemption from the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 for all of its financial instruments.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Listed investments are recorded in the Balance Sheet at fair value. Other investments are recorded at cost net of impairment, as determined according to the judgement of the director.

NORTON PLACE PROPERTIES LIMITED (REGISTERED NUMBER: 08683489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 909,384 800,685

Additional information is as follows:
Other
investments
£   
COST OR VALUATION
At 1 October 2023 800,685
Additions 17,499
Disposals (19,014 )
Revaluations 110,214
At 30 September 2024 909,384
NET BOOK VALUE
At 30 September 2024 909,384
At 30 September 2023 800,685

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£   
Valuation in 2024 909,384

If investment portfolio assets had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 778,317 779,808

Investment portfolio assets were valued on an open market basis on 30 September 2024 by Parmenion .

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other Investments - Cars - 67,850
Disposals - (67,850 )
- -

NORTON PLACE PROPERTIES LIMITED (REGISTERED NUMBER: 08683489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 281,905
NET BOOK VALUE
At 30 September 2024 281,905
At 30 September 2023 281,905

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 150 150

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,296 1,957

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 842,056 842,056