Norton Property Investments Ltd


Directors	Benjamin Spickernell
	Thomas G Spickernell
	Marcus R Hayes


Registered Address	The Forge
	Sutton Maddock
	Shifnal
	TF11 9ND


Registered Number	09358265 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,246		1,151
Investments	5		100		100
Investment property	4		305,000		375,002
			306,346		376,253
Current assets
Debtors	6	1,910		21,455
Cash at bank and on hand		18,476		53,320
		20,386		74,775
Creditors amounts falling due within one year	7	(5,031)		(5,580)
Net current assets (liabilities)			15,355		69,195
Total assets less current liabilities			321,701		445,448
Creditors amounts falling due after one year	8		(249,173)		(299,173)
Net assets			72,528		146,275
Capital and reserves
Called up share capital			3		3
Revaluation reserve			28,245		98,247
Profit and loss account			44,280		48,025
Shareholders' funds			72,528		146,275

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 3 December 2025, and are signed on its behalf by:

Benjamin Spickernell
Director
Registered Company No. 09358265

Norton Property Investments Ltd

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	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).

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	33
	Fixtures and fittings	33
	Office Equipment	33

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.

	Investment property
	Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	1,877	15,788	998	18,663
Additions	-	-	708	708
At 31 March 25	1,877	15,788	1,706	19,371
Depreciation and impairment
At 01 April 24	1,744	14,881	887	17,512
Charge for year	44	299	270	613
At 31 March 25	1,788	15,180	1,157	18,125
Net book value
At 31 March 25	89	608	549	1,246
At 31 March 24	133	907	111	1,151

4.	Investment property
	The property was sold after the balance Sheet date for £305,000 so the Directors have used this as the value at the balance Sheet date as they are of the opinion the value would have been the same at that date.


		£
	Fair value at 01 April 24	375,002
	Fair value adjustments	(70,002)
	At 31 March 25	305,000

5.	Fixed asset investments
	The Company owns 100% of the shares in NPI (Kettering) Ltd, a property development and investment company.

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	100	100
At 31 March 25	100	100
Net book value
At 31 March 25	100	100
At 31 March 24	100	100

	Notes
	¹Investments in group undertakings and participating interests

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	1,195	20,741
Amounts owed by associates and joint ventures / participating interests	715	714
Total	1,910	21,455

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	31	262
Other creditors	5,000	5,000
Accrued liabilities and deferred income	-	318
Total	5,031	5,580


	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. Bank borrowings related to a property development loan which was denominated in sterling with a nominal interest rate of 3% over LIBOR, The loan was repaid in July 2022

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.

Bank borrowings related to a property development loan which was denominated in sterling with a nominal interest rate of 3% over LIBOR,  The loan was repaid in July 2022

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Amounts owed to related parties	249,173	299,173
Total	249,173	299,173

9.	Related party transactions
	Debtors include an amount due from a wholly owned subsidiary of £1,195 (2024 - £20,741). This loan was made on an unsecured, interest free basis, with no fixed repayment date. Debtors include an amount due from a trading partnership in which key management have a significant interest of £714 (2024 - £714). This loan was made on an unsecured, interest free basis, being repayable upon demand. Creditors due after one year include loans from Key Management totalling £80.545 (2024 - £80,545). These loans having been made on an unsecured, interest free basis, with no fixed repayment date. Creditors due after one year include an amount of £168,625 (2024 - £218,625) due to a shareholder and a trading entity in which the said shareholder has a significant interest. These loans having been made on an unsecured basis with no fixed repayment date. Interest paid in the year on this loan amounted to £6,148 (2024: £20,165).

Related party transactions

Debtors include an amount due from a wholly owned subsidiary of £1,195 (2024 - £20,741). This loan was made on an unsecured, interest free basis, with no fixed repayment date.

Debtors include an amount due from a trading partnership in which key management have a significant interest of £714 (2024 - £714). This loan was made on an unsecured, interest free basis, being repayable upon demand.

Creditors due after one year include loans from Key Management totalling £80.545 (2024 - £80,545). These loans having been made on an unsecured, interest free basis, with no fixed repayment date.

Creditors due after one year include an amount of £168,625 (2024 - £218,625) due to a shareholder and a trading entity in which the said shareholder has a significant interest. These loans having been made on an unsecured basis with no fixed repayment date.  Interest paid in the year on this loan amounted to £6,148 (2024: £20,165).