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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
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
2 
2 
Current assets
Debtors
2,843,633 
2,242,678 
Cash at bank and in hand
18 
166,313 
2,843,651 
2,408,991 
Creditors: amounts falling due within one year
(2,797,589)
(2,407,728)
Net current assets
46,062 
1,263 
Net assets
46,064 
1,265 
Capital and reserves
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
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Neptune Estates Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
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
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.
Investments
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%)
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Neptune Estates Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
2,843,633 
2,242,678 
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 
Accruals
23,300 
26,900 
2,797,589 
2,407,728 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50 
50 
50 Ordinary B shares of £1 each
50 
50 
100 
100 
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).
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