Registration number: 14816302

Norbreck Self Storage Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Norbreck Self Storage Ltd

Company Information

Director

Philip Richard Halhead

Registered office

Norbreck Farm Hillam Lane Cockerham Lancaster LA2 0DY

Accountants

King Street Accounts Limited Office 4 1ST Floor Victory House The Sidings Whalley Lancashire BB7 9SE

Norbreck Self Storage Ltd

(Registration number: 14816302)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	640,726	498,339
Current assets
Debtors	5	13,150	22,976
Cash at bank and in hand		13,112	7,462
		26,262	30,438
Creditors: Amounts falling due within one year	6	(182,377)	(42,462)
Net current liabilities		(156,115)	(12,024)
Total assets less current liabilities		484,611	486,315
Creditors: Amounts falling due after more than one year	6	(429,637)	(475,472)
Net assets		54,974	10,843
Capital and reserves
Called up share capital	7	100	100
Retained earnings		54,874	10,743
Shareholders' funds		54,974	10,843

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 December 2025
 

......................................... Philip Richard Halhead Director

Norbreck Self Storage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Norbreck Farm Hillam Lane
Cockerham
Lancaster
LA2 0DY
England

These financial statements were authorised for issue by the director on 9 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Norbreck Self Storage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and Fittings	10% pa reducing balance
Plant and Machinery	10% pa reducing balance
Storage Units	5% pa reducing balance
Long leasehold Land & Buildings	5% pa reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Norbreck Self Storage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Tangible assets

	Long leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Storage Units £	Total £
Cost or valuation
At 1 April 2024	306,001	51,919	53,353	97,190	508,463
Additions	57,570	1,252	-	120,807	179,629
At 31 March 2025	363,571	53,171	53,353	217,997	688,092
Depreciation
At 1 April 2024	-	2,596	2,668	4,860	10,124
Charge for the year	18,133	4,945	4,877	9,287	37,242
At 31 March 2025	18,133	7,541	7,545	14,147	47,366
Carrying amount
At 31 March 2025	345,438	45,630	45,808	203,850	640,726
At 31 March 2024	306,001	49,323	50,685	92,330	498,339

Included within the net book value of land and buildings above is £345,438 (2024 - £306,001) in respect of long leasehold land and buildings.
 

5

Debtors

Norbreck Self Storage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Current	2025 £	2024 £
Trade debtors	354	7,611
Prepayments	12,179	900
Other debtors	617	14,465
	13,150	22,976

Norbreck Self Storage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	128,963	-
Trade creditors		51,014	40,062
Accruals and deferred income		2,400	2,400
		182,377	42,462

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	2,635	1,684
Other financial liabilities		427,002	473,788
		429,637	475,472

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary B £1 shares of £1 each	10	10	10	10
Ordinary A £1 shares of £1 each	85	85	85	85
Ordinary C £1 shares of £1 each	5	5	5	5
	100	100	100	100

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	2,635	1,684

Norbreck Self Storage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	128,963	-

Norbreck Self Storage Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Related party transactions

At the balance sheet date £265,968 was owed to RT & PR Halhead Farm (2024 £314,429 owed to ) and £161,033 was owed to Norbreck Genetics Ltd (2024 £159,358 owed to ) .