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COMPANY REGISTRATION NUMBER: SC553328
NORLYN INS 111 LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2024
NORLYN INS 111 LTD
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
Contents
Page
Officers and professional advisers
1
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position and the notes to the financial statements
3
NORLYN INS 111 LTD
OFFICERS AND PROFESSIONAL ADVISERS
Director
Mr G E Paterson
Registered office
26-30 Marine Place
Buckie
Moray
AB56 1UT
Accountants
Ritsons
Chartered Accountants
26-30 Marine Place
Buckie
Moray
AB56 1UT
NORLYN INS 111 LTD
CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NORLYN INS 111 LTD
YEAR ENDED 31 DECEMBER 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Norlyn Ins 111 Ltd for the year ended 31 December 2024, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Norlyn Ins 111 Ltd. Our work has been undertaken solely to prepare for your approval the financial statements of Norlyn Ins 111 Ltd and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Norlyn Ins 111 Ltd and its director for our work or for this report.
It is your duty to ensure that Norlyn Ins 111 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Norlyn Ins 111 Ltd. You consider that Norlyn Ins 111 Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Norlyn Ins 111 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ritsons Chartered Accountants
26-30 Marine Place Buckie Moray AB56 1UT
22 May 2025
NORLYN INS 111 LTD
STATEMENT OF FINANCIAL POSITION
31 December 2024
2024
2023
(restated)
£
£
Fixed assets
125,745
126,767
---------
---------
Current assets
84,803
81,350
Prepayments and accrued income
2,019
1,956
--------
--------
86,822
83,306
Creditors: amounts falling due within one year
15,291
32,073
---------
---------
NET CURRENT ASSETS
71,531
51,233
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
197,276
178,000
Accruals and deferred income
1,000
1,000
---------
---------
196,276
177,000
---------
---------
Capital and reserves
196,276
177,000
---------
---------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
2. Director's advances, credits and guarantees
At 31 December 2024, the director owed the company £31,496 (2023: the company owed the director £1,036) by way of a director's loan account.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 22 May 2025 , and are signed on behalf of the board by:
Mr G E Paterson
Director
Company registration number: SC553328
The company is a private company limited by shares, registered in Scotland.