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REGISTERED NUMBER: 06158029 (England and Wales)










Financial Statements

for the Year Ended 31 March 2023

for

NPM PROPERTY SERVICES LIMITED

NPM PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 06158029)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NPM PROPERTY SERVICES LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: N P Martin





REGISTERED OFFICE: 4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU





REGISTERED NUMBER: 06158029 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

NPM PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 06158029)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 201 268

CURRENT ASSETS
Work in progress 1,200 1,500
Debtors 5 659 659
Cash at bank 3,574 6,397
5,433 8,556
CREDITORS
Amounts falling due within one year 6 22,750 8,722
NET CURRENT LIABILITIES (17,317 ) (166 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,116

)

102

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (17,216 ) 2
SHAREHOLDERS' FUNDS (17,116 ) 102

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

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

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.

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 director and authorised for issue on 29 March 2024 and were signed by:





N P Martin - Director


NPM PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 06158029)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

NPM Property Services 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance

Stocks
Work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2022 - 1 ) .

NPM PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 06158029)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 12,030
DEPRECIATION
At 1 April 2022 11,762
Charge for year 67
At 31 March 2023 11,829
NET BOOK VALUE
At 31 March 2023 201
At 31 March 2022 268

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 659 659

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 80 3,861
Other creditors 22,670 4,861
22,750 8,722

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
N P Martin
Balance outstanding at start of year (487 ) 475
Amounts advanced 25,455 -
Amounts repaid (42,110 ) (962 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17,142 ) (487 )

The Director's loan is interest free and repayable on demand.

8. RELATED PARTY DISCLOSURES

The Company remained under the control of it's Director.