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REGISTERED NUMBER: 09954573 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

NOPSR LIMITED

NOPSR LIMITED (REGISTERED NUMBER: 09954573)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NOPSR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: R H H Swailes





REGISTERED OFFICE: 4th Floor, St James House
St. James Square
Cheltenham
GL50 3PR





REGISTERED NUMBER: 09954573 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

NOPSR LIMITED (REGISTERED NUMBER: 09954573)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 26,577 -
Investment property 5 5,250,000 5,250,000
5,276,577 5,250,000

CURRENT ASSETS
Debtors 6 15,391 1,407,993
Cash at bank 36,860 21,983
52,251 1,429,976
CREDITORS
Amounts falling due within one year 7 (1,467,972 ) (2,652,921 )
NET CURRENT LIABILITIES (1,415,721 ) (1,222,945 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,860,856

4,027,055

CREDITORS
Amounts falling due after more than one
year

8

(2,062,750

)

(2,130,231

)

PROVISIONS FOR LIABILITIES (258,623 ) (280,717 )
NET ASSETS 1,539,483 1,616,107

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 1,172,336 1,180,285
Retained earnings 366,947 435,622
SHAREHOLDERS' FUNDS 1,539,483 1,616,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

NOPSR LIMITED (REGISTERED NUMBER: 09954573)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 director and authorised for issue on 8 August 2024 and were signed by:





R H H Swailes - Director


NOPSR LIMITED (REGISTERED NUMBER: 09954573)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

NOPSR 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 as modified by the revaluation of certain assets.

Turnover
Turnover 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.
Fixtures & fittings - 33.3% on cost

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 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 ) .

NOPSR LIMITED (REGISTERED NUMBER: 09954573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures &
fittings
£
COST
At 1 December 2022 13,778
Additions 37,342
At 30 November 2023 51,120
DEPRECIATION
At 1 December 2022 13,778
Charge for year 10,765
At 30 November 2023 24,543
NET BOOK VALUE
At 30 November 2023 26,577
At 30 November 2022 -

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 December 2022 5,250,000
Additions 7,949
Revaluations (7,949 )
At 30 November 2023 5,250,000
NET BOOK VALUE
At 30 November 2023 5,250,000
At 30 November 2022 5,250,000

The Investment Properties are held at valuation. The Investment Properties were valued by the director in the year on a fair value basis for existing use.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 9,324 4,710
Other debtors 6,067 1,403,283
15,391 1,407,993

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 93,696 103,908
Trade creditors 262 10,195
Taxation and social security 8,176 -
Other creditors 1,365,838 2,538,818
1,467,972 2,652,921

NOPSR LIMITED (REGISTERED NUMBER: 09954573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 2,062,750 2,130,231

The bank loans are secured by fixed and floating charges over all properties and assets of the company.

Amounts due after more than 5 years total £1,687,967 (2022: £1,714,604)