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Company Registration No. 14633174 (England and Wales)
NORWICH RENTALS LIMITED
Financial Statements
for the Period from 01 April 2024 to 31 March 2025

NORWICH RENTALS LIMITED

Financial Statements for the period ending 31 March 2025

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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NORWICH RENTALS LIMITED

Financial Statements for the period ending 31 March 2025

Company Information

Company Details
Company Number 14633174
Registered Office ORCHARD HOUSE THE STREET
BRAMERTON
NORWICH
NR14 7DW
Directors
Directors who held office during the period were:
Christopher Adam PRICE   
James David PRICE   
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NORWICH RENTALS LIMITED

Financial Statements for the period ending 31 March 2025

Statement of Financial Position

123456789
Notes 2025
£ £
Fixed Assets
Investment Properties 5 911,500 736,000
Current Assets
Debtors due 2,231 46,203
Cash at bank and in hand 276,212 32,599
278,443 78,802
Creditors
Amount falling due within one year (36,903) (818,193)
Net Current Assets 241,540 (739,391)
Total Assets less current liabilities 1,153,040 (3,391)
Creditors due after more than one year (1,137,884) 495
Net Assets 15,156 (2,896)
Capital and Reserves
Called up Share Capital 100 100
Retained earnings at end of year 15,056 (2,996)
Shareholder funds 15,156 (2,896)
For the year ending 31/03/2025 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 15 December 2025
Christopher Price
Company Registration No. 14633174
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NORWICH RENTALS LIMITED

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

1. Statutory Information
NORWICH RENTALS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14633174.
2. Accounting Policies
Basis of preparing the Financial Statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of FRS102, Section 1A, have been applied other than where additional disclosure is required to show a true and fair view.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts and rebates. The following criteria must also be met before revenue is recognised:Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:-the amount of revenue can be measured reliably;-it is probable that the Company will receive the consideration due under the contract-the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
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NORWICH RENTALS LIMITED

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

Current Tax
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Tangible Fixed Asset Policy
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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NORWICH RENTALS LIMITED

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

Deferred Tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:-The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and-Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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NORWICH RENTALS LIMITED

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2025 2
4. Principal Activity
The principal activity of the Company is to hold investment properties for the purposes of generating revenues.
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NORWICH RENTALS LIMITED

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

5. Investment Properties
2025
£ £
Valuation at 01/04/2024 736,000 -
Additions 420,425 738,608
Disposals 244,925 -
Transfered (to)/from tangible fixed assets - -
Fair Value adjustments - (2,608)
Valuation at 31/03/2025 911,500 736,000
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