REGISTERED NUMBER: 14799359 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

NORWICH VICTORIA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A J Zive

REGISTERED OFFICE:

Stanhope House

Park Lane

London

W1K 1PR

REGISTERED NUMBER:

14799359 (England and Wales)

AUDITORS:

Menzies LLP

Chartered Accountants

Statutory Auditor

4th Floor, 95 Gresham Street

London

EC2V 7AB

CURRENT ASSETS

Stocks

9,066,419

8,209,936

Debtors

5

48,645

106,050

Cash and cash equivalents

4,909

88,853

9,119,973

8,404,839

CREDITORS

Amounts falling due within one year

6

(75,470

)

(138,851

)

NET CURRENT ASSETS

9,044,503

8,265,988

TOTAL ASSETS LESS CURRENT LIABILITIES

9,044,503

8,265,988

CREDITORS

Amounts falling due after more than one year

7

(739,922

)

-

NET ASSETS

8,304,581

8,265,988

CAPITAL AND RESERVES

Called up share capital

8,370,002

8,370,002

Retained earnings

(65,421

)

(104,014

)

SHAREHOLDERS' FUNDS

8,304,581

8,265,988

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2026 and were signed by:

A J Zive - Director

1.	STATUTORY INFORMATION

Norwich Victoria 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents income earned from the operation of a temporary car park site, recognised over the period in which parking services are provided to customers and stated exclusive of value added tax.

Stocks

Stocks are valued at the lower of cost and net realisable value, At each reporting date, an assessment is made for impairment. Any excess of the carry amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Going concern

The Director has assessed the company's ability to continue as a going concern for at least 12 months from the approval date of these financial statements. The accounts have been prepared on a going concern basis as the company continues to receive the Director's support to ensure that it meets all liabilities as they fall due.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

-

32,400

Other debtors

48,645

73,650

48,645

106,050

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

47,704

79,974

Amounts owed to group undertakings

8,180

-

Other creditors

19,586

58,877

75,470

138,851

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

739,922

-

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sarah Hallam FCCA (Senior Statutory Auditor)

for and on behalf of Menzies LLP

9.	RELATED PARTY DISCLOSURES

At the balance sheet date a loan of £371,885 was owed to the director. This loan includes accrued interest charged at 8% of £19,994. The loan is to be repaid on 31 July 2028 and is included within other creditors due in more than one year.

10.	ULTIMATE CONTROLLING PARTY

Zive Capital - Norwich UK GP Limited is the ultimate controlling party for Norwich Victoria Limited.

11.	SUBSEQUENT EVENTS

In October 2025, a formal planning application was submitted to Norwich City Council and validated on 4 November 2025. Submission was delayed following a July request from the Council for additional verified visualisations beyond those agreed in March. The additional requirements were completed in October to satisfy this request. As a result, the expected receipt of planning permission has moved to May 2026. Management does not consider the delay to have a material impact on asset carrying values at year-end.