IRIS Accounts Production v25.1.0.734 07263830 director 1.6.23 31.5.24 31.5.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072638302023-05-31072638302024-05-31072638302023-06-012024-05-31072638302022-05-31072638302022-06-012023-05-31072638302023-05-3107263830ns15:EnglandWales2023-06-012024-05-3107263830ns14:PoundSterling2023-06-012024-05-3107263830ns10:Director12023-06-012024-05-3107263830ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3107263830ns10:SmallEntities2023-06-012024-05-3107263830ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3107263830ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3107263830ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3107263830ns10:AbridgedAccounts2023-06-012024-05-3107263830ns10:OrdinaryShareClass12023-06-012024-05-3107263830ns10:CompanySecretary12023-06-012024-05-3107263830ns10:RegisteredOffice2023-06-012024-05-3107263830ns5:CurrentFinancialInstruments2024-05-3107263830ns5:CurrentFinancialInstruments2023-05-3107263830ns5:Non-currentFinancialInstruments2024-05-3107263830ns5:Non-currentFinancialInstruments2023-05-3107263830ns5:ShareCapital2024-05-3107263830ns5:ShareCapital2023-05-3107263830ns5:RetainedEarningsAccumulatedLosses2024-05-3107263830ns5:RetainedEarningsAccumulatedLosses2023-05-3107263830ns5:FurnitureFittings2023-06-012024-05-3107263830ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3107263830ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3107263830ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-05-3107263830ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-05-3107263830ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3107263830ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3107263830ns5:Secured2024-05-3107263830ns5:Secured2023-05-3107263830ns10:OrdinaryShareClass12024-05-3107263830ns5:RetainedEarningsAccumulatedLosses2023-05-3107263830ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31
REGISTERED NUMBER: 07263830 (England and Wales)























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

NORFOLK & SUFFOLK INVESTMENTS LIMITED

NORFOLK & SUFFOLK INVESTMENTS LIMITED (REGISTERED NUMBER: 07263830)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


NORFOLK & SUFFOLK INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr R Nizamoglu





SECRETARY: Mr R Nizamoglu





REGISTERED OFFICE: 39 Hendon Lane
Finchley Central
London
N3 1RY





REGISTERED NUMBER: 07263830 (England and Wales)





ACCOUNTANTS: Guner Associates
Chartered Accountants
39 Hendon Lane
Finchley
London
N3 1RY

NORFOLK & SUFFOLK INVESTMENTS LIMITED (REGISTERED NUMBER: 07263830)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 21,128 15,873
Investment property 6 902,687 902,687
923,815 918,560

CURRENT ASSETS
Debtors 65,858 48,557
Cash in hand 49 4,039
65,907 52,596
CREDITORS
Amounts falling due within one year 456,679 444,421
NET CURRENT LIABILITIES (390,772 ) (391,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

533,043

526,735

CREDITORS
Amounts falling due after more than one year 7 397,505 411,595
NET ASSETS 135,538 115,140

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 135,438 115,040
SHAREHOLDERS' FUNDS 135,538 115,140

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NORFOLK & SUFFOLK INVESTMENTS LIMITED (REGISTERED NUMBER: 07263830)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 May 2025 and were signed by:





Mr R Nizamoglu - Director


NORFOLK & SUFFOLK INVESTMENTS LIMITED (REGISTERED NUMBER: 07263830)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Norfolk & Suffolk Investments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

NORFOLK & SUFFOLK INVESTMENTS LIMITED (REGISTERED NUMBER: 07263830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 22,335
Additions 10,787
At 31 May 2024 33,122
DEPRECIATION
At 1 June 2023 6,462
Charge for year 5,532
At 31 May 2024 11,994
NET BOOK VALUE
At 31 May 2024 21,128
At 31 May 2023 15,873

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 902,687
NET BOOK VALUE
At 31 May 2024 902,687
At 31 May 2023 902,687

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 154,899 168,989

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 14,938 14,938

Amounts falling due between one and two years:
Bank loans - 1-2 years 29,876 29,876
Other loans - 1-2 years 167,916 167,916
197,792 197,792

NORFOLK & SUFFOLK INVESTMENTS LIMITED (REGISTERED NUMBER: 07263830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. LOANS - continued
2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 44,814 44,814

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 154,899 168,989

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 798 650
Bank loans 244,527 258,617
245,325 259,267

The bank loans are secured on freehold investment properties owned by the Company and guarantee given by the director.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 June 2023 115,040
Profit for the year 35,398
Dividends (15,000 )
At 31 May 2024 135,438

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Nizamoglu.

The ultimate controlling party is Mr R Nizamoglu.