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REGISTERED NUMBER:
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Norwich Finance Limited |
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Financial Statements |
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for the year ended |
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30 September 2018 |
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REGISTERED NUMBER:
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Norwich Finance Limited |
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Financial Statements |
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for the year ended |
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30 September 2018 |
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Norwich Finance Limited (Registered number: 08924492) |
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Contents of the Financial Statements |
for the year ended 30 September 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 | to | 5 |
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Norwich Finance Limited |
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Company Information |
for the year ended 30 September 2018 |
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Directors: |
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Registered office: |
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Registered number: |
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Auditors: |
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Statutory Auditor |
8 Hopper Way |
Diss |
Norfolk |
IP22 4GT |
Norwich Finance Limited (Registered number: 08924492) |
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Balance Sheet |
30 September 2018 |
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2018 | 2017 |
Notes | £ | £ |
Fixed assets |
Investments | 4 |
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Current assets |
Debtors | 5 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 6 | ( |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital | 7 |
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Retained earnings |
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Shareholders' funds |
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The financial statements were approved by the Board of Directors on
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Norwich Finance Limited (Registered number: 08924492) |
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Notes to the Financial Statements |
for the year ended 30 September 2018 |
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1. | Statutory information |
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Norwich Finance Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable excluding discounts and |
rebates. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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3. | Employees and directors |
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The average number of employees during the year was
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Norwich Finance Limited (Registered number: 08924492) |
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Notes to the Financial Statements - continued |
for the year ended 30 September 2018 |
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4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
Additions |
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At 30 September 2018 |
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Net book value |
At 30 September 2018 |
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5. | Debtors: amounts falling due within one year |
2018 | 2017 |
£ | £ |
Amounts owed by group undertakings |
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Other debtors |
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6. | Creditors: amounts falling due within one year |
2018 | 2017 |
£ | £ |
Amounts owed to group undertakings |
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Other creditors |
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7. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | £1 |
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Norwich Finance Limited (Registered number: 08924492) |
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Notes to the Financial Statements - continued |
for the year ended 30 September 2018 |
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8. | Disclosure under Section 444(5B) of the Companies Act 2006 |
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The Report of the Auditors was qualified on the following basis: |
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Basis for opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and |
applicable law. Our responsibilities under those standards are further described in the Auditors' |
responsibilities for the audit of the financial statements section of our report. We are independent of the |
company in accordance with the ethical requirements that are relevant to our audit of the financial |
statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical |
responsibilities in accordance with these requirements. We believe that the audit evidence we have |
obtained is sufficient and appropriate to provide a basis for our opinion. Because we were appointed |
auditors of the Company during 2018 and the prior years' financial statements had not been audited, we |
were not able to obtain sufficient appropriate audit evidence regarding the opening balances which might |
impact the financial statements for the year to 30th September 2018. |
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for and on behalf of
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9. | Related party disclosures |
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Connected companies |
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At the end of the year the company owed connected companies £4,379,251 (2017 - £2,668,304) and was |
owed £17,250 (2017 - £1,750). |