Norfolk Granite Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13303428

Norfolk Granite Holdings Limited

Unaudited financial statements

31 March 2026

Norfolk Granite Holdings Limited

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5	799,736	575,000
Investments	6	100	100
		---------	---------
		799,836	575,100

Current assets

Debtors	7	28,438	19,511
Cash at bank and in hand		2,396	3,757
		-------	-------
		30,834	23,268

Creditors: Amounts falling due within one year	8	( 120,654)		( 84,428)
		---------		-------
Net current liabilities			( 89,820)		( 61,160)
			---------		---------
Total assets less current liabilities			710,016		513,940

Creditors: Amounts falling due after more than one year	9		( 428,625)		( 298,600)

Provisions

Taxation including deferred tax	( 15,158)	( 12,749)
	---------	---------
Net assets	266,233	202,591
	---------	---------

Capital and reserves

Called up share capital	100	100
Investment property valuation reserve	45,473	45,473
Profit and loss account	220,660	157,018
	---------	---------
Shareholders funds	266,233	202,591
	---------	---------

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 .

Norfolk Granite Holdings Limited

Statement of financial position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 26 October 2026 , and are signed on behalf of the board by:

G Cowles	J N Cowles
Director	Director

Company registration number: 13303428

Norfolk Granite Holdings 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 First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The trading address of the company is 27a Hall Moor Road, Hingham, Norfolk, NR9 4LB.

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.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The estimates and assumptions that have a significant effect on the carrying amounts of assets and liabilities are discussed below: Investment properties - In applying the Company's accounting policies for investment properties carried at fair value, consideration was given to the valuation of the Company's properties at the reporting date. Further detail of the estimate has been included in the tangible assets note.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable in the ordinary course of business, and is shown net of Value Added Tax. Rental income is recognised on an accruals basis in line with lease terms and arises solely in the UK.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

4. Employee numbers

The average number of employees during the year was 2 (2025: 2 ).

5. Tangible assets

	Investment Properties
	£
Cost
At 1 April 2025	575,000
Additions	224,736
	---------
At 31 March 2026	799,736
	---------
Depreciation
At 1 April 2025 and 31 March 2026	–
	---------
Carrying amount
At 31 March 2026	799,736
	---------
At 31 March 2025	575,000
	---------

Investment property comprises residential properties let to 3rd party tenants. The fair value of the Company’s investment property at 31 March 2026 has been determined by the directors. In arriving at this valuation, the directors considered market evidence of transaction prices for similar properties and other relevant market data available at the reporting date. The valuation has been made on an open market value basis and reflects the directors’ assessment of fair value in light of current market conditions.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Investment Properties
	£
At 31 March 2026
Aggregate cost	739,105
Aggregate depreciation	–
	---------
Carrying value	739,105
	---------

At 31 March 2025
Aggregate cost	514,369
Aggregate depreciation	–
	---------
Carrying value	514,369
	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2025 and 31 March 2026	100
	----
Impairment
At 1 April 2025 and 31 March 2026	–
	----

Carrying amount
At 31 March 2026	100
	----
At 31 March 2025	100
	----

7. Debtors

	2026	2025
	£	£
Other debtors	28,438	19,511
	-------	-------

8. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Trade creditors	–	1,200
Amounts owed to group undertakings	115,298	77,658
Social security and other taxes	3,856	4,274
Other creditors	1,500	1,296
	---------	-------
	120,654	84,428
	---------	-------

9. Creditors: Amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	428,625	298,600
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £428,625 (2025: £298,600) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

£172,550 is due to be paid by August 2036. Interest on the loan is charged at 3.65%.

£126,050 is due to be paid by February 2037. Interest on the loan is charged at 5.94%.

£130,025 is due to be paid by June 2026. Interest on the loan is charged at 5.34%.

The bank loans are secured on the assets concerned.

10. Directors' advances, credits and guarantees

Included within debtors at the year end is a directors loan account of £27,782 (2025: £19,180). Interest of £1,290 (2025: £949) was charged at the official rate. The maximum overdrawn balance during the year was £70,971.

11. Related party transactions

At the reporting date, the Company had an outstanding balance of £115,298 due to a group company. The balance is interest-free, unsecured, and repayable on demand.