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Company Registration No. 15358977 (England and Wales)
Norton 1 Residential Ltd Unaudited accounts for the period from 18 December 2023 to 31 December 2024
Norton 1 Residential Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Norton 1 Residential Ltd Company Information for the period from 18 December 2023 to 31 December 2024
Director
CONLON, Amy Louise
Company Number
15358977 (England and Wales)
Registered Office
Qarbon Capital Ltd Unit 13 South Gare Court, Tod Point Road Redcar Cleveland TS10 5BN England
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Norton 1 Residential Ltd Statement of financial position as at 31 December 2024
2024
Notes
£
Fixed assets
Tangible assets
4
978,625
Current assets
Debtors
5
1
Cash at bank and in hand
4,906
4,907
Creditors: amounts falling due within one year
6
(350,502)
Net current liabilities
(345,595)
Total assets less current liabilities
633,030
Creditors: amounts falling due after more than one year
7
(630,252)
Net assets
2,778
Capital and reserves
Called up share capital
1
Profit and loss account
2,777
Shareholders' funds
2,778
For the period ending 31 December 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 March 2026 and were signed on its behalf by
CONLON, Amy Louise Director Company Registration No. 15358977
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Norton 1 Residential Ltd Notes to the Accounts for the period from 18 December 2023 to 31 December 2024
1
Statutory information
Norton 1 Residential Ltd is a private company, limited by shares, registered in England and Wales, registration number 15358977. The registered office is Qarbon Capital Ltd, Unit 13, South Gare Court, Tod Point Road, Redcar, Cleveland, TS10 5BN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 18 December 2023
-
Transfer from investment property
978,625
At 31 December 2024
978,625
Depreciation
At 31 December 2024
-
Net book value
At 31 December 2024
978,625
5
Debtors
2024
£
Amounts falling due within one year
Other debtors
1
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Norton 1 Residential Ltd Notes to the Accounts for the period from 18 December 2023 to 31 December 2024
6
Creditors: amounts falling due within one year
2024
£
Amounts owed to group undertakings and other participating interests
7,022
Taxes and social security
650
Other creditors
351,619
Loans from directors
(9,085)
Accruals
296
350,502
7
Creditors: amounts falling due after more than one year
2024
£
Bank loans
630,252
8
Average number of employees
During the period the average number of employees was 0.
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