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Registered number: 12437952









NPM ASIA HOLDING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
NPM ASIA HOLDING LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 4


 
NPM ASIA HOLDING LIMITED
REGISTERED NUMBER: 12437952

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
  
743,742
743,742

  
743,742
743,742

Current assets
  

Debtors
  
3,342,248
2,839,513

Cash at bank and in hand
  
10,824
20,923

  
3,353,072
2,860,436

Creditors: amounts falling due within one year
  
(4,030,259)
(3,566,394)

Net current liabilities
  
 
 
(677,187)
 
 
(705,958)

Total assets less current liabilities
  
66,555
37,784

  

Net assets
  
66,555
37,784


Capital and reserves
  

Called up share capital 
  
53
53

Profit and loss account
  
66,502
37,731

  
66,555
37,784



The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
NPM ASIA HOLDING LIMITED
REGISTERED NUMBER: 12437952
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Majid Yousif Fares Al-Saigh
Director

Date: 20 August 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
NPM ASIA HOLDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General Information

NPM Asia Holding Limited is a private limited company incorporated in the United Kingdom. The registered office is Ground Floor, 45 Pall Mall, St. James's, London, SW1Y 5JG.
The company's principal activity during the year under review was that of investment in real estate through a subsidiary undertaking.


2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

Interest income is recognised in the Profit and loss account using the effective interest method.

Page 3

 
NPM ASIA HOLDING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees




The average monthly number of employees, including the director, who did not receive any remuneration during the period was as follows:


        2023
        2022
            No.
            No.







Director
1
1

 
Page 4