Company Registration No. 06738616 (England and Wales)
Neptune Estates Limited
Unaudited accounts
for the year ended 31 December 2023
Neptune Estates Limited
Statement of financial position
as at 31 December 2023
Debtors
2,843,633
2,242,678
Cash at bank and in hand
18
166,313
Creditors: amounts falling due within one year
(2,797,589)
(2,407,728)
Net current assets
46,062
1,263
Called up share capital
100
100
Profit and loss account
45,964
1,165
Shareholders' funds
46,064
1,265
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 September 2024 and were signed on its behalf by
Patrick Heffron
Director
Company Registration No. 06738616
Neptune Estates Limited
Notes to the Accounts
for the year ended 31 December 2023
Neptune Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 06738616. The registered office is 14 Holywell Row, London, EC2A 4JB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Having reviewed the resources available the directors believe that Neptune Group Limited has adequate resources available to enable it to continue in operational existence for a period of at least 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in the preparation of its financial statements.
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
Fixed asset investments are included at cost less accumulated impairment.
4
Investments
Other investments
Valuation at 1 January 2023
2
Valuation at 31 December 2023
2
Fixed asset investments include equity share holdings in the following entities:
Arton Ltd (100%)
Neptune Estates Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
2,763,633
2,238,478
Accrued income and prepayments
80,000
4,200
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
15,735
1,054
Amounts owed to group undertakings and other participating interests
1,539,635
1,231,333
Taxes and social security
468,919
363,441
Other creditors
750,000
785,000
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50
50
50 Ordinary B shares of £1 each
50
50
8
Transactions with related parties
Included within debtors are amounts due from connected companies totaling £2,763,633 (2022: £2,238,478). Accrued income and prepayments also include amounts due from connected companies of £80,000 (2022: £4,200).
Included in creditors are amounts due from connected companies totaling £1,539,635 (2022: £1,231,333).
All amounts are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).