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REGISTERED NUMBER: 11311251 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

NPLMARKETS LIMITED

NPLMARKETS LIMITED (REGISTERED NUMBER: 11311251)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NPLMARKETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G Savelli
B Heppe
W El Amir
F Pelargonio
R M L Diotallevi





REGISTERED OFFICE: 17 Pembroke Place
London
W8 6ET





REGISTERED NUMBER: 11311251 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

NPLMARKETS LIMITED (REGISTERED NUMBER: 11311251)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 945,034 769,772
Tangible assets 5 5,978 5,933
951,012 775,705

CURRENT ASSETS
Debtors 6 177,291 467,818
Cash at bank 1,278,685 886,523
1,455,976 1,354,341
CREDITORS
Amounts falling due within one year 7 63,910 71,031
NET CURRENT ASSETS 1,392,066 1,283,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,343,078

2,059,015

CREDITORS
Amounts falling due after more than one
year

8

-

1,654,855
NET ASSETS 2,343,078 404,160

CAPITAL AND RESERVES
Called up share capital 9 23 17
Share premium 3,064,993 832,125
Retained earnings (721,938 ) (427,982 )
SHAREHOLDERS' FUNDS 2,343,078 404,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NPLMARKETS LIMITED (REGISTERED NUMBER: 11311251)

BALANCE SHEET - continued
31 DECEMBER 2023


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 17 April 2024 and were signed on its behalf by:





G Savelli - Director


NPLMARKETS LIMITED (REGISTERED NUMBER: 11311251)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

NPLMarkets 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 preparing the financial statements
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.

Turnover
Turnover represents income from sales of services, excluding Value Added Tax.

Turnover is recognised in the period that services are provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 769,772
Additions 265,008
At 31 December 2023 1,034,780
AMORTISATION
Charge for year 89,746
At 31 December 2023 89,746
NET BOOK VALUE
At 31 December 2023 945,034
At 31 December 2022 769,772

NPLMARKETS LIMITED (REGISTERED NUMBER: 11311251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 8,251
Additions 2,400
At 31 December 2023 10,651
DEPRECIATION
At 1 January 2023 2,318
Charge for year 2,355
At 31 December 2023 4,673
NET BOOK VALUE
At 31 December 2023 5,978
At 31 December 2022 5,933

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Accounts receivable 107,364 402,824
Other debtors 69,927 64,994
177,291 467,818

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Accounts payable - 26,501
Social security and other taxes 14,055 12,923
Other creditors 1,327 1,178
Directors' loan accounts 26,474 26,474
Accrued expenses 22,054 3,955
63,910 71,031

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors - 1,654,855

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
140,721 Ordinary £0.000125 18 17
36,167 Preference £0.000125 5 -
23 17

NPLMARKETS LIMITED (REGISTERED NUMBER: 11311251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. CALLED UP SHARE CAPITAL - continued

During the year 954 Ordinary £0.000125 shares and 36,167 Preference £0.000125 shares were allotted for a total of £2,232,874.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Director
Balance outstanding at start of year (16,474 ) (16,474 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (16,474 ) (16,474 )

Director
Balance outstanding at start of year (10,000 ) (10,000 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,000 ) (10,000 )

The loans are interest free.