Norrice Lea Securities Ltd - Accounts to registrar (filleted) - small 17.3
Norrice Lea Securities Ltd - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 24 March 2017 |
| for |
| Norrice Lea Securities Ltd |
| Norrice Lea Securities Ltd (Registered number: 08059422) |
| Contents of the Financial Statements |
| for the Year Ended 24 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Norrice Lea Securities Ltd |
| Company Information |
| for the Year Ended 24 March 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 5 North End Road |
| London |
| NW11 7RJ |
| Norrice Lea Securities Ltd (Registered number: 08059422) |
| Balance Sheet |
| 24 March 2017 |
| 24.3.17 | 24.3.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Non distributable reserves | 11 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| Norrice Lea Securities Ltd (Registered number: 08059422) |
| Notes to the Financial Statements |
| for the Year Ended 24 March 2017 |
| 1. | STATUTORY INFORMATION |
| Norrice Lea Securities Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rents receivable on investment properties. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is |
| recognised in profit or loss. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 25 March 2016 |
| Additions |
| Revaluations | 110,084 |
| At 24 March 2017 |
| NET BOOK VALUE |
| At 24 March 2017 |
| At 24 March 2016 |
| Norrice Lea Securities Ltd (Registered number: 08059422) |
| Notes to the Financial Statements - continued |
| for the Year Ended 24 March 2017 |
| 4. | INVESTMENT PROPERTY - continued |
| Fair value at 24 March 2017 is represented by: |
| £ |
| Valuation in 2017 | 110,084 |
| Cost | 1,022,336 |
| 1,132,420 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 24.3.17 | 24.3.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Rent in arrears | 1,154 | 1,288 |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 24.3.17 | 24.3.16 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Other creditors |
| Directors' current accounts | 25,573 | 25,573 |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 24.3.17 | 24.3.16 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 385,186 | 401,111 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 24.3.17 | 24.3.16 |
| £ | £ |
| Bank loans |
| 9. | PROVISIONS FOR LIABILITIES |
| 24.3.17 | 24.3.16 |
| £ | £ |
| Deferred tax | 13,779 | - |
| Norrice Lea Securities Ltd (Registered number: 08059422) |
| Notes to the Financial Statements - continued |
| for the Year Ended 24 March 2017 |
| 9. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Provided during year |
| Balance at 24 March 2017 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 24.3.17 | 24.3.16 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| 11. | RESERVES |
| Non |
| Retained | distributable |
| earnings | reserves | Totals |
| £ | £ | £ |
| At 25 March 2016 | 23,473 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Gains or losses from fair value adjustments |
(110,084 |
) |
110,084 |
- |
| Deferred tax | 13,779 | (13,779 | ) | - |
| At 24 March 2017 | 142,192 |