REGISTERED NUMBER: 08848592 (England and Wales)

Iles (Norbury) Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Grinter

Mrs S L Grinter

A W Grinter

REGISTERED OFFICE:

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

REGISTERED NUMBER:

08848592 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

FIXED ASSETS

Tangible assets

4

867,174

884,890

CURRENT ASSETS

Stocks

2,000

37,630

Debtors

5

75,260

243,409

Cash at bank

1,082,849

1,127,441

1,160,109

1,408,480

CREDITORS

Amounts falling due within one year

6

63,693

60,164

NET CURRENT ASSETS

1,096,416

1,348,316

TOTAL ASSETS LESS CURRENT LIABILITIES

1,963,590

2,233,206

PROVISIONS FOR LIABILITIES

9,647

13,013

NET ASSETS

1,953,943

2,220,193

CAPITAL AND RESERVES

Called up share capital

1,025

1,025

Capital redemption reserve

75

75

Retained earnings

1,952,843

2,219,093

SHAREHOLDERS' FUNDS

1,953,943

2,220,193

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:

P Grinter - Director

Mrs S L Grinter - Director

A W Grinter - Director

1.	STATUTORY INFORMATION

Iles (Norbury) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery etc

-

25% on cost and 25% on reducing balance

Tangible fixed assets are initially measured at cost. Cost includes the purchase price and any costs directly attributable to bringing the asset into use. After initial recognition, tangible fixed assets are measured at cost less accumulated depreciation and impairment losses.

The depreciable amount of the company's freehold land and buildings is its cost less the residual value, which is written off over its estimated useful life of 25 years. The directors are of the opinion the residual value of the building is not less than its cost and therefore no depreciation is included in the accounts.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

816,398

138,474

954,872

Additions

-

3,179

3,179

At 31 March 2025

816,398

141,653

958,051

DEPRECIATION

At 1 April 2024

-

69,982

69,982

Charge for year

-

20,895

20,895

At 31 March 2025

-

90,877

90,877

NET BOOK VALUE

At 31 March 2025

816,398

50,776

867,174

At 31 March 2024

816,398

68,492

884,890

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

47,564

194,767

Other debtors

27,696

48,642

75,260

243,409

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

17,623

44,104

Taxation and social security

11,143

4,984

Other creditors

34,927

11,076

63,693

60,164

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

P Grinter and Mrs S L Grinter

Balance outstanding at start of year

-

-

Amounts advanced

24,767

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

24,767

-

Interest has been charged on overdrawn directors' loan accounts at the HM Revenue & Customs approved rate of interest. The loan was repaid on 1 May 2025.