Company No: 05976380 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	266,669		312,094
Tangible assets	4	33,038		19,837
		299,707		331,931
Current assets
Debtors	5	18,538		19,397
Cash at bank and in hand	6	68,025		121,506
		86,563		140,903
Creditors: amounts falling due within one year	7	( 177,488)		( 173,325)
Net current liabilities		(90,925)		(32,422)
Total assets less current liabilities		208,782		299,509
Creditors: amounts falling due after more than one year	8	( 98,035)		( 161,591)
Provision for liabilities	9	9,127		( 4,141)
Net assets		119,874		133,777
Capital and reserves
Called-up share capital		1,000		1,000
Fair value reserve		4,561		4,561
Profit and loss account		114,313		128,216
Total shareholder's funds		119,874		133,777

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Websters of Norwich Ltd (registered number: 05976380) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

C J M Webster Director

24 September 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Websters of Norwich Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 141 Unthank Road, Norwich, NR2 2PE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	4 years straight line
Office equipment	4 years straight line

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	13		11

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	454,248		454,248
At 31 March 2025	454,248		454,248
Accumulated amortisation
At 01 April 2024	142,154		142,154
Charge for the financial year	45,425		45,425
	0		0
At 31 March 2025	187,579		187,579
Net book value
At 31 March 2025	266,669		266,669
At 31 March 2024	312,094		312,094

4. Tangible assets

	Plant and machinery		Office equipment		Total
	£		£		£
Cost
At 01 April 2024	112,228		43,948		156,176
Additions	0		24,550		24,550
At 31 March 2025	112,228		68,498		180,726
Accumulated depreciation
At 01 April 2024	112,228		24,111		136,339
Charge for the financial year	0		11,349		11,349
At 31 March 2025	112,228		35,460		147,688
Net book value
At 31 March 2025	0		33,038		33,038
At 31 March 2024	0		19,837		19,837

5. Debtors

	2025		2024
	£		£
Trade debtors	540		0
Amounts owed by Group undertakings	12,610		0
Prepayments	751		3,196
S455	4,637		4,637
Other debtors	0		11,564
	18,538		19,397

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	68,025		121,506

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	81,100		108,211
Trade creditors	5,965		7,599
Amounts owed to Group undertakings	0		639
Other loans	36,348		0
Accruals	983		970
Corporation tax	13,159		24,625
Other taxation and social security	37,992		29,797
Other creditors	1,941		1,484
	177,488		173,325

Fixed and Floating charge over all the property or undertaking of the Company

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	98,035		161,591

Fixed and Floating charge over all the property or undertaking of the Company

9. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 4,141)		( 1,923)
Credited/(charged) to the Income Statement	13,268		( 2,218)
At the end of financial year	9,127		( 4,141)

10. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2025		2024
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	2,199		1,484
Company pension costs	9,445		7,312
	11,644		8,796

11. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
N R Homes (Norfolk) Limited - Owed to / (from)	(11,201)		(10,076)
Webster Holdings (Norfolk) Limited - Owed to / (from)	(1,409)		639

Transactions with the entity's directors

	2025		2024
	£		£
Director's Loan Account	(49,639)		1,361

12. Ultimate controlling party

Parent Company:

Webster Holdings (Norfolk) Limited

C/O Larking Gowen 1st Floor Prospect House Rouen Road Norwich Norfolk United Kingdom NR1 1RE