REGISTERED NUMBER: 01283108 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

NORMAN COURT ESTATE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K G A Bergengren

W B A Bergengren

SECRETARY:

K G A Bergengren

REGISTERED OFFICE:

Home Farm

Norman Court

West Tytherley

Salisbury

SP5 1NL

REGISTERED NUMBER:

01283108 (England and Wales)

AUDITORS:

Fawcetts LLP

Chartered Accountants

and Statutory Auditors

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

4

56,560,035

41,621,104

Investments

5

15

15

56,560,050

41,621,119

CURRENT ASSETS

Stocks

1,295,558

835,654

Debtors

6

374,536

333,085

Cash at bank and in hand

888

627

1,670,982

1,169,366

CREDITORS

Amounts falling due within one year

7

22,383,862

832,736

NET CURRENT (LIABILITIES)/ASSETS

(20,712,880

)

336,630

TOTAL ASSETS LESS CURRENT LIABILITIES

35,847,170

41,957,749

CREDITORS

Amounts falling due after more than one year

8

18,983,539

24,633,539

NET ASSETS

16,863,631

17,324,210

CAPITAL AND RESERVES

Called up share capital

15,137,000

15,137,000

Retained earnings

1,726,631

2,187,210

SHAREHOLDERS' FUNDS

16,863,631

17,324,210

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

K G A Bergengren - Director

1.	STATUTORY INFORMATION

Norman Court Estate 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.

2.	ACCOUNTING POLICIES

Basis of preparation

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. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis and are presented in sterling which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

5% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Land is not depreciated.

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Stocks

Raw materials are stated at the lower of cost and net realisable value. Agricultural produce is valued at fair value less selling costs.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors

Debtors are measured at their recoverable amount.

Creditors

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Investments

Unlisted investments are included in the financial statements at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

41,454,879

2,667,220

44,122,099

Additions

15,074,321

56,330

15,130,651

Disposals

-

(3,700

)

(3,700

)

At 31 March 2025

56,529,200

2,719,850

59,249,050

DEPRECIATION

At 1 April 2024

922,012

1,578,983

2,500,995

Charge for year

104,802

86,803

191,605

Eliminated on disposal

-

(3,585

)

(3,585

)

At 31 March 2025

1,026,814

1,662,201

2,689,015

NET BOOK VALUE

At 31 March 2025

55,502,386

1,057,649

56,560,035

At 31 March 2024

40,532,867

1,088,237

41,621,104

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

15

NET BOOK VALUE

At 31 March 2025

15

At 31 March 2024

15

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

256,247

97,798

Other debtors

118,289

235,287

374,536

333,085

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

245,586

168,622

Trade creditors

122,740

207,884

Taxation and social security

821

540

Other creditors

22,014,715

455,690

22,383,862

832,736

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,500,000

5,150,000

Other creditors

17,483,539

19,483,539

18,983,539

24,633,539

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

1,500,000

5,150,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

245,586

168,622

Bank loans

1,500,000

5,150,000

1,745,586

5,318,622

The bank loans are secured by way of legal charges on the freehold land owned by the company.

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

The Report of the Auditors was unqualified.

Simon Ellingham FCA (Senior Statutory Auditor)

for and on behalf of Fawcetts LLP

11.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Brickberg AB, a company incorporated in Sweden. Brickberg AB is owned by the estate of the late Mr Anders G Bergengren.

At 31 March 2025 the company owed £17,483,539 (2024 £19,483,539) to entities controlled by the Bergengren family estate.