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Registered number: 00585752
Norfolk Square(Northern Section)Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Daniel Wolfson & Co Ltd
Norfolk Square(Northern Section)Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Norfolk Square(Northern Section)Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 00585752

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 25,000,000 |  | 25,000,000
|  |  | 25,000,000 |  | 25,000,000
CURRENT ASSETS
Debtors | 5 | 954,320 |  | 678,938 |
Cash at bank and in hand |  | 710,446 |  | 825,949 |
|  | 1,664,766 |  | 1,504,887 |
Creditors: Amounts Falling Due Within One Year | 6 | (754,032 ) |  | (689,524 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 910,734 |  | 815,363
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 25,910,734 |  | 25,815,363
PROVISIONS FOR LIABILITIES
Deferred Taxation | 7 |  | (4,824,472 ) |  | (4,824,472 )
NET ASSETS |  |  | 21,086,262 |  | 20,990,891
CAPITAL AND RESERVES
Called up share capital | 8 |  | 300 |  | 300
Revaluation reserve | 10 |  | 14,473,821 |  | 14,473,821
Other reserves |  |  | 2,586 |  | 2,586
Profit and Loss Account |  |  | 6,609,555 |  | 6,514,184
SHAREHOLDERS' FUNDS |  |  | 21,086,262 |  | 20,990,891

Page 1
Page 2
Norfolk Square(Northern Section)Limited
Balance Sheet (continued)
As At 31 March 2025
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr L G Lazarus Director
08/10/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Norfolk Square(Northern Section)Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Norfolk Square(Northern Section)Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00585752. The registered office is Precision Works, Vicarage Road, Hampton Wick, Kingston Upon Thames, Surrey, KT1 4EB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Revenue represents rental income which is measured at the fair value of the consideration received or receivable, excluding discounts, rebate, value added tax and other sales taxes. Rental income is recognised on an accruals basis over the period of the rental agreement.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold | N/A
Fixtures & Fittings | 15% on RBM
Computer Equipment | Straight line over 3 years

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
2.6. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
Page 3
Page 4
Norfolk Square(Northern Section)Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Tangible Assets

| Investment Properties | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 25,000,000 | 192,131 | 25,192,131
Disposals | - | (192,131 ) | (192,131 )
As at 31 March 2025 | 25,000,000 | - | 25,000,000
Depreciation
As at 1 April 2024 | - | 192,131 | 192,131
Disposals | - | (192,131 ) | (192,131 )
As at 31 March 2025 | - | - | -
Net Book Value
As at 31 March 2025 | 25,000,000 | - | 25,000,000
As at 1 April 2024 | 25,000,000 | - | 25,000,000

Cost or valuation as at 31 March 2025 is represented by:

| Investment Properties | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
At cost | 4,966,707 | - | 4,966,707
At valuation | 20,033,293 | - | 20,033,293
| 25,000,000 | - | 25,000,000

Investment property has been valued at the balance sheet date by the directors, who believe the carrying value to be their fair value. There has been no valuation of invesment property by an independent valuer.
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 513,951 |  | 271,424
Prepayments and accrued income | 50,020 |  | 26,220
Other debtors | 390,349 |  | 381,294
| 954,320 |  | 678,938

Page 4
Page 5
Norfolk Square(Northern Section)Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 31,039 |  | 18,151
Tax | 231,641 |  | 206,895
Social security & other taxes | 21,755 |  | 17,267
Accruals and deferred income | 461,109 |  | 441,930
Directors' loan accounts | 8,488 |  | 5,281
| 754,032 |  | 689,524

During the year, the loan from Ronger Properties Ltd was fully repaid.
7. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 4,824,472 |  | 4,824,472

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up but not fully paid | £ |  | £
300 Ordinary Shares of £ 1.00 each | 300 |  | 300

9. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Interim dividend paid | 600,000 |  | 300,000
Final dividend paid | - |  | 150,000
| 600,000 |  | 450,000

10. Reserves

| Revaluation Reserve
--- | ---
| £
As at 1 April 2024 | 14,473,821
As at 31 March 2025 | 14,473,821

11. Related Party Transactions
During the year, dividends totalling £600,000 (2024 : £450,000) were paid to the directors and shareholders of the company.
12. Ultimate Controlling Party
The company has been under the control of the directors throughout the year.
Page 5
Page 6
Norfolk Square(Northern Section)Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
13. Audit Information
The auditor's report on the accounts of Norfolk Square(Northern Section)Limited for the year ended 31 March 2025 was unqualified.
The auditor's report was signed by Statutory Auditor.
Page 6