COMPANY REGISTRATION NUMBER:
16069337
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2026
Fixed assets
|
Tangible assets |
4 |
|
251,908 |
– |
|
|
|
|
|
Current assets
|
Debtors |
5 |
100 |
|
100 |
|
Investments |
6 |
10,500 |
|
10,500 |
|
Cash at bank and in hand |
49,761 |
|
88,931 |
|
------- |
|
------- |
|
60,361 |
|
99,531 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
17,681 |
|
11,800 |
|
------- |
|
------- |
|
Net current assets |
|
42,680 |
87,731 |
|
|
-------- |
------- |
|
Total assets less current liabilities |
|
294,588 |
87,731 |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
|
170,747 |
– |
|
|
-------- |
------- |
|
Net assets |
|
123,841 |
87,731 |
|
|
-------- |
------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
9 |
|
100 |
100 |
|
Profit and loss account |
|
123,741 |
87,631 |
|
|
-------- |
------- |
|
Shareholders funds |
|
123,841 |
87,731 |
|
|
-------- |
------- |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
|
31 March 2026
These financial statements were approved by the
board of directors
and authorised for issue on
27 July 2026
, and are signed on behalf of the board by:
Company registration number:
16069337
|
Notes to the Financial Statements |
|
Year ended 31 March 2026
1.
General information
The company is a private company limited by shares, incorporated, registered and trading in England and Wales, with company number
16069337
. The address of the registered office is 780 Kingsbury Road, Erdington, Birmingham, West Midlands, B24 9PN, England.
2.
Statement of compliance
The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102') and Companies Act 2006.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
4.
Tangible assets
|
Land and buildings |
|
£ |
|
Cost |
|
|
At 1 April 2025 |
– |
|
Additions |
251,908 |
|
-------- |
|
At 31 March 2026 |
251,908 |
|
-------- |
|
Depreciation |
|
|
At 1 April 2025 and 31 March 2026 |
– |
|
-------- |
|
Carrying amount |
|
|
At 31 March 2026 |
251,908 |
|
-------- |
|
At 31 March 2025 |
– |
|
-------- |
|
|
5.
Debtors
|
2026 |
2025 |
|
£ |
£ |
|
Other debtors |
100 |
100 |
|
---- |
---- |
|
|
|
6.
Investments
|
2026 |
2025 |
|
£ |
£ |
|
Investments in group undertakings |
10,500 |
10,500 |
|
------- |
------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2026 |
2025 |
|
£ |
£ |
|
Bank loans and overdrafts |
5,437 |
– |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
10,499 |
10,500 |
|
Other creditors |
1,745 |
1,300 |
|
------- |
------- |
|
17,681 |
11,800 |
|
------- |
------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2026 |
2025 |
|
£ |
£ |
|
Bank loans and overdrafts |
170,747 |
– |
|
-------- |
---- |
|
|
|
The mortgages are secured by a fixed and floating charge over the company's assets
Included within creditors: amounts falling due after more than one year is an amount of £138,911 (2025: £Nil) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
9.
Called up share capital
Issued, called up and fully paid
|
2026 |
2025 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
100 |
100 |
100 |
100 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
10.
Directors' advances, credits and guarantees
At the reporting date the directors loan account was in credit by £10 (2025: £10). There is no fixed term for repayment and no interest is charged.
11.
Related party transactions
The company was under the control of L. Norton and A. Norton during the current and previous period.