Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falseproperty management2024-01-01false00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04183013 2024-01-01 2024-12-31 04183013 2023-01-01 2023-12-31 04183013 2024-12-31 04183013 2023-12-31 04183013 c:Director1 2024-01-01 2024-12-31 04183013 d:FurnitureFittings 2024-01-01 2024-12-31 04183013 d:FurnitureFittings 2024-12-31 04183013 d:FurnitureFittings 2023-12-31 04183013 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04183013 d:CurrentFinancialInstruments 2024-12-31 04183013 d:CurrentFinancialInstruments 2023-12-31 04183013 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 04183013 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04183013 d:ShareCapital 2024-12-31 04183013 d:ShareCapital 2023-12-31 04183013 d:RetainedEarningsAccumulatedLosses 2024-12-31 04183013 d:RetainedEarningsAccumulatedLosses 2023-12-31 04183013 c:FRS102 2024-01-01 2024-12-31 04183013 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04183013 c:FullAccounts 2024-01-01 2024-12-31 04183013 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04183013 2 2024-01-01 2024-12-31 04183013 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 04183013









NORTON ENTERPRISE MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
NORTON ENTERPRISE MANAGEMENT LIMITED
REGISTERED NUMBER: 04183013

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
21
25

  
21
25

Current assets
  

Debtors: amounts falling due within one year
 5 
864
642

Cash at bank and in hand
 6 
11,470
11,078

  
12,334
11,720

Creditors: amounts falling due within one year
 7 
(8,130)
(8,211)

Net current assets
  
 
 
4,204
 
 
3,509

Total assets less current liabilities
  
4,225
3,534

  

Net assets
  
4,225
3,534


Capital and reserves
  

Called up share capital 
  
25
25

Profit and loss account
  
4,200
3,509

  
4,225
3,534


Page 1

 
NORTON ENTERPRISE MANAGEMENT LIMITED
REGISTERED NUMBER: 04183013
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 August 2025.




................................................
Christopher Knight
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
NORTON ENTERPRISE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The principal activity of the Company throughout the year was that of property management. The Company was incorporated in England and is a private company limited by share capital.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
NORTON ENTERPRISE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £Nil).

Page 4

 
NORTON ENTERPRISE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2024
919



At 31 December 2024

919



Depreciation


At 1 January 2024
894


Charge for the year on owned assets
4



At 31 December 2024

898



Net book value



At 31 December 2024
21



At 31 December 2023
25

Page 5

 
NORTON ENTERPRISE MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
864
642

864
642



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,470
11,078

11,470
11,078



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
832
1,225

Corporation tax
26
14

Other taxation and social security
295
464

Other creditors
3,944
3,505

Accruals and deferred income
3,033
3,003

8,130
8,211



8.


Related party transactions

During the year £1,360 (2023 - £1,353) was paid by Christopher Knight, a director, in relation to service charges due. During the year £680 (2023 - £521) was paid by Graham Read, a director, in relation to service charges due. At the end of the year £Nil (2023 - £Nil) was outstanding by either director. The directors are invoiced quarterly for service charges, comparable to the other tenants, on a commercial basis. 


9.


Controlling party

There is no overall controlling interest. 

 
Page 6