NORMANDY HOLDINGS LIMITED

NORMANDY HOLDINGS LIMITED

NORMANDY HOLDINGS LIMITED - Company Information

Print Friendly Version

NORMANDY HOLDINGS LIMITED

Company Registration Number:
04469563 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

NORMANDY HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

NORMANDY HOLDINGS LIMITED

Balance sheet

As at 30 April 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 432,517 445,238
Investments: 4 291,678 277,512
Total fixed assets: 724,195 722,750
Current assets
Debtors: 5 1,235,272 1,244,273
Cash at bank and in hand: 993 2,379
Total current assets: 1,236,265 1,246,652
Creditors: amounts falling due within one year: 6 (51,469) (51,388)
Net current assets (liabilities): 1,184,796 1,195,264
Total assets less current liabilities: 1,908,991 1,918,014
Total net assets (liabilities): 1,908,991 1,918,014
Capital and reserves
Called up share capital: 2,000 2,000
Share premium account: 2,009,381 2,009,381
Profit and loss account: (102,390) (93,367)
Shareholders funds: 1,908,991 1,918,014

The notes form part of these financial statements

NORMANDY HOLDINGS LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 September 2023
and signed on behalf of the board by:

Name: Mr M J Bruce-Mitford
Status: Director

The notes form part of these financial statements

NORMANDY HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Income is recognised when services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets and depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.Freehold Buildings 2% straight line.Equipment 33.33% Straight line

Other accounting policies

1. Taxation. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. 2. Investments. Fixed asset investments are stated at cost less provision for permanent diminution in value. 3. Short term debtors and creditors. Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss. 4. Cash and cash equivalents. Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. 5. Foreign currencies. Transactions in foreign currencies are initially recorded in the entity’s functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. 6. Group Accounts. The company is entitled under s398 of the Companies Act 2006 from the obligation to prepare group accounts.

NORMANDY HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

NORMANDY HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible Assets

Total
Cost £
At 01 May 2022 648,962
At 30 April 2023 648,962
Depreciation
At 01 May 2022 203,724
Charge for year 12,721
At 30 April 2023 216,445
Net book value
At 30 April 2023 432,517
At 30 April 2022 445,238

NORMANDY HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Fixed investments

Market value of listed investments at 30 April 2023 £190,630 (last year £163,583). The company holds 20% or more of the share capital of the following companies: At 30 April 2023 the company owned 65% of the total MRD1 shares in a subsidiary company, BMJ Investissement Sarl, a company registered and incorporated in Morocco, which operates and manages a hotel in Morocco. The aggregate amount of capital and reserves and the results of those undertakings for the last relevant financial year were as follows: BMJ Investissement Sarl Capital and Reserves at 30 April 2023 £365,730. Profit for the year to 30 April 2023 £88,057.

NORMANDY HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

NORMANDY HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

6. Creditors: amounts falling due within one year note

Directors' loan accounts £49,855.Accruals and deferred income £1,614.

NORMANDY HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

7. Related party transactions

Name of the related party: BMJ Investissement Sarl
Relationship:
Subsidiary Company
Description of the Transaction: During the year £Nil (2022 £Nil) was loaned by Normandy Holdings Limited to a subsidiary company, BMJ Investissement Sarl. Management fees of £Nil were recharged to BMJ Investissement Sarl during this year (2022 £Nil).
£
Balance at 01 May 2022 1,222,314
Balance at 30 April 2023 1,222,314