Norlin EV Limited - Filleted accounts

Registered number

NI659881

Norlin EV Limited

Filleted Accounts

31 March 2025

Norlin EV Limited
Registered number:		NI659881
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		15,940,000			15,900,000

Current assets
Stocks		718,139			770,037
Debtors	4	1,767,418			1,304,686
Cash at bank and in hand		1,080			3,293
		2,486,637			2,078,016

Creditors: amounts falling due within one year	5	(914,315)			(918,751)

Net current assets			1,572,322			1,159,265

Total assets less current liabilities			17,512,322			17,059,265

Creditors: amounts falling due after more than one year	6		(16,691,090)			(15,393,106)



Net assets			821,232			1,666,159

Capital and reserves
Called up share capital			1			1
Profit and loss account			821,231			1,666,158

Shareholder's funds			821,232			1,666,159

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Richard Irwin
Director
Approved by the board on 2 November 2025

Norlin EV Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Investments

Other
investments
£
	Cost
	At 1 April 2024			15,900,000
	Additions			40,000

	At 31 March 2025			15,940,000


4	Debtors	2025		2024
£			£

	Trade debtors	-		9,255
	Other debtors	1,767,418		1,295,431
		1,767,418		1,304,686


5	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	654,080		644,273
	Taxation and social security costs	218,527		191,061
	Other creditors	41,708		83,417
		914,315		918,751


6	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	13,022,732		12,284,801
	Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,913,213		1,353,160
	Other creditors	1,755,145		1,755,145
		16,691,090		15,393,106


7	Other information

	Norlin EV Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	c/o Norlin Ventures Limited
	Innovation Centre, Queens Road
	Belfast
	BT3 9DT