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REGISTERED NUMBER: 07375705 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NORWICH FREEHOLD MANAGEMENT LIMITED

NORWICH FREEHOLD MANAGEMENT LIMITED (REGISTERED NUMBER: 07375705)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NORWICH FREEHOLD MANAGEMENT LIMITED

COMPANY INFORMATION
for the year ended 31 March 2025







DIRECTOR: G N Hudson





SECRETARY: G N Hudson





REGISTERED OFFICE: 124 Thorpe Road
Norwich
Norfolk
NR1 1RS





REGISTERED NUMBER: 07375705 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

NORWICH FREEHOLD MANAGEMENT LIMITED (REGISTERED NUMBER: 07375705)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 738,502 640,546
Investment property 5 454,837 837,594
1,193,339 1,478,140

CURRENT ASSETS
Debtors 6 55,900 28,207
Cash at bank 258,718 86,936
314,618 115,143
CREDITORS
Amounts falling due within one year 7 76,215 76,363
NET CURRENT ASSETS 238,403 38,780
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,431,742

1,516,920

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,431,741 1,516,919
SHAREHOLDERS' FUNDS 1,431,742 1,516,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 director and authorised for issue on 14 June 2025 and were signed by:





G N Hudson - Director


NORWICH FREEHOLD MANAGEMENT LIMITED (REGISTERED NUMBER: 07375705)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Norwich Freehold Management 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.

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 represents ground rents and insurance monies received in respect of the company's freehold property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investment property
The company's freehold property is held for the purpose of investment. No depreciation has been charged in these accounts, the director is of the opinion that the amount shown in the balance sheet reflects the market value at the balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

NORWICH FREEHOLD MANAGEMENT LIMITED (REGISTERED NUMBER: 07375705)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2024 577,602 104,571 682,173
Revaluations 107,398 - 107,398
At 31 March 2025 685,000 104,571 789,571
DEPRECIATION
At 1 April 2024 - 41,627 41,627
Charge for year - 9,442 9,442
At 31 March 2025 - 51,069 51,069
NET BOOK VALUE
At 31 March 2025 685,000 53,502 738,502
At 31 March 2024 577,602 62,944 640,546

Cost or valuation at 31 March 2025 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2025 107,398 - 107,398
Cost 577,602 104,571 682,173
685,000 104,571 789,571

5. INVESTMENT PROPERTY

The director has valued the investment properties at 31 March 2025 and considers the value at the balance sheet date to be £454,837.

Cost or valuation at 31 March 2025 is represented by:
£   
Valuation in 2025 454,837

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 42,500 5,525
Other debtors 13,400 22,682
55,900 28,207

NORWICH FREEHOLD MANAGEMENT LIMITED (REGISTERED NUMBER: 07375705)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 74,248 39,000
Other creditors 1,967 37,363
76,215 76,363