Norfolk Plaza Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03068896 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Norfolk Plaza Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A O Muttawa

O O Muttawa

REGISTERED OFFICE:

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

REGISTERED NUMBER:

03068896 (England and Wales)

ACCOUNTANTS:

CWF & Partners Ltd

Chartered Accountants

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

FIXED ASSETS

Tangible assets

5

-

256,230

CURRENT ASSETS

Debtors

6

359,546

58

Cash at bank

-

13,617

359,546

13,675

CREDITORS

Amounts falling due within one year

7

2,166,216

2,713,437

NET CURRENT LIABILITIES

(1,806,670

)

(2,699,762

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,806,670

)

(2,443,532

)

PROVISIONS FOR LIABILITIES

8

-

5,727

NET LIABILITIES

(1,806,670

)

(2,449,259

)

CAPITAL AND RESERVES

Called up share capital

9

741,900

Share premium

188,100

Retained earnings

(2,736,670

)

(3,379,259

)

SHAREHOLDERS' FUNDS

(1,806,670

)

(2,449,259

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

O O Muttawa - Director

1.	STATUTORY INFORMATION

Norfolk Plaza Management 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property improvements

-

over the period of the lease

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.3% p.a. on a straight line basis

Taxation

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

Going concern

At 31 December 2024 the company had net current liabilities of £1,806,670 and net liabilities of £1,806,670. The shareholder has indicated that they will continue to provide financial support to the company for at least the next twelve months to enable the company to pay its debts as and when they fall due. The directors, therefore, consider that it is appropriate to prepare the financial statements on a going concern basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Property

and

Motor

Computer

improvements

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

2,303,263

421,350

2,200

56,215

2,783,028

Disposals

(2,303,263

)

(421,350

)

(2,200

)

(56,215

)

(2,783,028

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

2,073,973

394,705

1,906

56,214

2,526,798

Eliminated on disposal

(2,073,973

)

(394,705

)

(1,906

)

(56,214

)

(2,526,798

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

229,290

26,645

294

1

256,230

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed by group undertakings

345,929

-

Other debtors

13,617

58

359,546

58

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed to group undertakings

-

533,221

Amounts owed to connected companies

2,160,122

Taxation and social security

-

2,499

Other creditors

6,094

17,595

2,166,216

2,713,437

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

Deferred tax

-

5,727

Deferred

tax

£

Balance at 1 January 2024

5,727

Balance at 31 December 2024

5,727

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

741,900

Ordinary shares

£1

741,900