Norsette Investment Co. Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00829060

Norsette Investment Co. Limited

Filleted Unaudited Financial Statements

31 March 2026

Norsette Investment Co. Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	6	8,712,000	8,712,000

Current assets

Debtors	7	2,319,336	1,276,655
Cash at bank and in hand		524,785	789,025
		------------	------------
		2,844,121	2,065,680

Creditors: amounts falling due within one year	8	1,723,725	1,003,762
		------------	------------
Net current assets		1,120,396	1,061,918
		------------	------------
Total assets less current liabilities		9,832,396	9,773,918

Provisions	1,907,902	1,907,902
	------------	------------
Net assets	7,924,494	7,866,016
	------------	------------

Capital and reserves

Called up share capital	1,500	1,500
Share premium account	28,510	28,510
Profit and loss account	7,894,484	7,836,006
	------------	------------
Shareholders funds	7,924,494	7,866,016
	------------	------------

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 income statement 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 .

Norsette Investment Co. Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 14 October 2026 , and are signed on behalf of the board by:

J W Ransom

Director

Company registration number: 00829060

Norsette Investment Co. Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 436 Hook Road, Chessington, Surrey.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

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.

Investment properties

Investment properties at an original cost of £93,533 have been included at fair value of £8,712,000 the difference between Cost and Fair Value being transferred to a Revaluation Reserve, which under FRS102 is then transferred to Profit and Loss Account, but not available for distribution. Valuation was made by Chartered Surveyors, Boyce Thornton as at 31st March 2023 and future valuations will be not less than every 5 years. Provision has been made for Deferred Taxation that might arise on the disposal of Properties at Fair Value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2025: 8 ).

5. Tax on profit

Major components of tax expense

	2026	2025
	£	£

Current tax:

UK current tax expense	81,863	107,836
	--------	---------
Tax on profit	81,863	107,836
	--------	---------

6. Tangible assets

	Freehold property
	£
Cost
At 1 April 2025 and 31 March 2026	8,712,000
	------------
Depreciation
At 1 April 2025 and 31 March 2026	–
	------------
Carrying amount
At 31 March 2026	8,712,000
	------------
At 31 March 2025	8,712,000
	------------

7. Debtors

	2026	2025
	£	£
Other debtors	2,319,336	1,276,655
	------------	------------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Other Creditors: Related Parties	21,291	9,536
Corporation tax	81,976	107,836
Social security and other taxes	5,628	7,863
Prepaid Rents Receivable	57,350	62,546
Bank Loan	1,500,000	750,000
Other creditors	57,480	65,981
	------------	------------
	1,723,725	1,003,762
	------------	------------

9. Related party transactions

A related party is L H Ransom Limited. It provides Management Services and one of its directors is a Director of both Companies, a Shareholder and is related to other shareholders of Norsette Investment Co. Limited . Management Services total £11,755 (2025: £8,397) within the year. A Related Party Loan of £1,868,717 (2025: £520,820) is to L H Development Co. Ltd which is related by common Shareholders. The Loan is repayable on demand and interest-free, and Other Related Parties debts total £42,534 (2025: £81,310). L H Ransom Ltd is a Creditor for £21,291 (2025: £9,536).

10. Controlling party

The ultimate Holding Company is Brockett Investment Company Ltd, incorporated in England which holds 15,026 Ordinary Shares, being 50.07% of the Shares in issue.