REGISTERED NUMBER: 03689939 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

NORFOLK KEYSTONE (PROPERTIES) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J W Farley

REGISTERED OFFICE:

21D Alston Road

Norwich

Norfolk

NR6 5DS

REGISTERED NUMBER:

03689939 (England and Wales)

ACCOUNTANTS:

Goldwells Ltd

Goldwells House

Grange Road

Peterhead

Aberdeenshire

AB42 1WN

FIXED ASSETS

Tangible assets

4

571,644

571,745

CURRENT ASSETS

Debtors

5

8,068

8,068

Cash at bank

8,217

10,696

16,285

18,764

CREDITORS

Amounts falling due within one year

6

249,653

33,227

NET CURRENT LIABILITIES

(233,368

)

(14,463

)

TOTAL ASSETS LESS CURRENT LIABILITIES

338,276

557,282

CREDITORS

Amounts falling due after more than one year

7

(172,295

)

(390,810

)

PROVISIONS FOR LIABILITIES

(28,019

)

(28,019

)

NET ASSETS

137,962

138,453

CAPITAL AND RESERVES

Called up share capital

50

50

Revaluation reserve

8

158,265

158,265

Capital redemption reserve

1,574

1,574

Retained earnings

(21,927

)

(21,436

)

137,962

138,453

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 24th November 2025 and were signed by:

J W Farley - Director

1.	STATUTORY INFORMATION

Norfolk Keystone (Properties) 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

571,339

4,873

576,212

DEPRECIATION

At 1st April 2024

-

4,467

4,467

Charge for year

-

101

101

At 31st March 2025

-

4,568

4,568

NET BOOK VALUE

At 31st March 2025

571,339

305

571,644

At 31st March 2024

571,339

406

571,745

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

8,068

8,068

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

SIPP Account

29,099

29,099

Inter Co - I Boxit

2,000

2,000

Directors' current accounts

217,274

863

Accrued expenses

1,280

1,265

249,653

33,227

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Loan 2 - 5 years

-

213,110

Bank loans more 5 yr by instal

145,353

145,569

Bounce back loan

26,942

32,131

172,295

390,810

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

145,353

145,569

Bounce back loan

26,942

32,131

172,295

177,700

8.

RESERVES

Revaluation

reserve

£

At 1st April 2024

and 31st March 2025

158,265