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Registered number: 09930297
Norwich City Apartments Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Director Mr T Pryor
Company Number 09930297
Registered Office Glaven Cottage The Street
Wiveton
Holt
NR25 7TH
Accountants GLX Advisory Limited
Chartered Accountants
69-75 Thorpe Road
Norwich
NR1 1UA
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Page 2
Balance Sheet
Registered number: 09930297
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,957 11,991
Investments 5 87,550 51,000
95,507 62,991
CURRENT ASSETS
Debtors 6 14,291 8,892
Cash at bank and in hand 82,004 106,110
96,295 115,002
Creditors: Amounts Falling Due Within One Year 7 (188,954 ) (142,750 )
NET CURRENT ASSETS (LIABILITIES) (92,659 ) (27,748 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,848 35,243
Creditors: Amounts Falling Due After More Than One Year 8 (459 ) (3,209 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (344 ) (2,998 )
NET ASSETS 2,045 29,036
CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 (9,250 ) (9,250 )
Profit and Loss Account 11,294 38,285
SHAREHOLDERS' FUNDS 2,045 29,036
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For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T Pryor
Director
17/12/2025
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Norwich City Apartments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09930297 . The registered office is Glaven Cottage The Street, Wiveton, Holt, NR25 7TH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Fixtures & Fittings 20% Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.4. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 14,893 11,736 26,629
Additions - 927 927
As at 31 March 2025 14,893 12,663 27,556
Depreciation
As at 1 April 2024 10,907 3,731 14,638
Provided during the period 2,979 1,982 4,961
As at 31 March 2025 13,886 5,713 19,599
Net Book Value
As at 31 March 2025 1,007 6,950 7,957
As at 1 April 2024 3,986 8,005 11,991
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5. Investments
Unlisted
£
Cost
As at 1 April 2024 51,000
Additions 36,550
As at 31 March 2025 87,550
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 87,550
As at 1 April 2024 51,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 12,259 8,554
Other debtors 2,032 338
14,291 8,892
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,425 5,170
Bank loans and overdrafts 2,750 6,755
Amounts owed to group undertakings 111,478 28,479
Amounts owed to participating interests 7,735 5,726
Other creditors 37,584 77,189
Taxation and social security 20,982 19,431
188,954 142,750
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 459 3,209
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
10. Reserves
Revaluation Reserve
£
As at 1 April 2024 (9,250 )
As at 31 March 2025 (9,250 )
11. Related Party Transactions
At the year end the company owed £244 to the director (2023: £30 was owed by the director of the company).The loan is unsecured, interest-free and repayable on demand.
Amounts included in Creditors of £7,735 (2024: £5,726) are owed to a company deemed to be a related party, by virtue of common control. This loan is unsecured, interest free and repayable on demand.
The company has taken advantage of the exemption under FRS 102 Section 33.1A allowing wholly owned group members and their immediate parent to depart from the requirement to disclose transactions with other companies in the group.
12. Ultimate Controlling Party
The company's ultimate controlling party is Pryor Holdings Ltd , incorporated in England & Wales.
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