NORFOLK SQUARE(NORTHERN SECTION)LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 00585752

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		25,000,000		25,000,000

			25,000,000		25,000,000
CURRENT ASSETS
Debtors	5	652,524		954,320
Cash at bank and in hand		1,308,241		710,446

		1,960,765		1,664,766
Creditors: Amounts Falling Due Within One Year	6	(964,047 )		(754,032 )

NET CURRENT ASSETS (LIABILITIES)			996,718		910,734

TOTAL ASSETS LESS CURRENT LIABILITIES			25,996,718		25,910,734

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(4,824,472 )		(4,824,472 )

NET ASSETS			21,172,246		21,086,262

CAPITAL AND RESERVES
Called up share capital	8		300		300
Revaluation reserve	10		14,473,821		14,473,821
Other reserves			2,586		2,586
Profit and Loss Account			6,695,539		6,609,555

SHAREHOLDERS' FUNDS			21,172,246		21,086,262

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NORFOLK SQUARE(NORTHERN SECTION)LIMITED

Balance Sheet (continued)

As At 31 March 2026

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr L G Lazarus

Director

24/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Norfolk Square(Northern Section)Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00585752. The registered office is Precision Works, Vicarage Road, Hampton Wick, Kingston Upon Thames, Surrey, KT1 4EB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Revenue represents rental income which is measured at the fair value of the consideration received or receivable, excluding discounts, rebate, value added tax and other sales taxes. Rental income is recognised on an accruals basis over the period of the rental agreement.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. 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.

2.5. Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2025: 6)

4. Tangible Assets

	Investment Properties
	£
Cost
As at 1 April 2025	25,000,000

As at 31 March 2026	25,000,000

Net Book Value
As at 31 March 2026	25,000,000

As at 1 April 2025	25,000,000

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NORFOLK SQUARE(NORTHERN SECTION)LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Cost or valuation as at 31 March 2026 is represented by:

	Investment Properties
	£
At cost	4,966,707
At valuation	20,033,293

	25,000,000

Investment property has been valued at the balance sheet date by the directors, who believe the carrying value to be their fair value. There has been no valuation of invesment property by an independent valuer.

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	33,904	513,951
Prepayments and accrued income	42,620	50,020
Other debtors	576,000	390,349

	652,524	954,320

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	6,779	31,039
Tax	278,544	231,641
Social security & other taxes	29,748	21,755
Accruals and deferred income	605,800	461,109
Directors' loan accounts	43,176	8,488

	964,047	754,032

7. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	4,824,472	4,824,472

8. Share Capital

	2026	2025
Allotted, called up but not fully paid	£	£
300 Ordinary Shares of £ 1.00 each	300	300

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NORFOLK SQUARE(NORTHERN SECTION)LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Dividends

	2026	2025
	£	£
On equity shares:
Interim dividend paid	450,000	600,000
Final dividend paid	300,000	-

	750,000	600,000

10. Reserves

	Revaluation reserve	Other reserves	Profit and Loss Account
	£	£	£
As at 1 April 2025	14,473,821	2,586	6,609,555
Profit for the year and total comprehensive income	-	-	835,984

Dividends paid	-	-	(750,000)

As at 31 March 2026	14,473,821	2,586	6,695,539

11. Related Party Transactions

During the year, dividends totalling £750,000 (2025 : £600,000) were paid to the directors and shareholders of the company.

12. Ultimate Controlling Party

The company has been under the control of the directors throughout the year.

13. Audit Information

The auditor's report on the accounts of NORFOLK SQUARE(NORTHERN SECTION)LIMITED for the year ended 31 March 2026 was unqualified.

The auditor's report was signed by Statutory Auditor.

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