2023-07-312024-07-312024-07-31false15038443NSP LENDING 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NSP LENDING LIMITED

Registered Number
15038443
(England and Wales)

Unaudited Financial Statements for the Period ended
31 July 2024

NSP LENDING LIMITED
Company Information
for the period from 31 July 2023 to 31 July 2024

Directors

Nicholas Potter
Sharmila Potter

Registered Address

13 David Mews
London
W1U 6EQ

Registered Number

15038443 (England and Wales)
NSP LENDING LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

£

£

Current assets
Debtors367,241
Cash at bank and on hand215,665
582,906
Creditors amounts falling due within one year3(471,501)
Net current assets (liabilities)111,405
Total assets less current liabilities111,405
Creditors amounts falling due after one year4(76,854)
Net assets34,551
Capital and reserves
Called up share capital100
Profit and loss account34,451
Shareholders' funds34,551
The financial statements were approved and authorised for issue by the Board of Directors on 6 September 2024, and are signed on its behalf by:
Nicholas Potter
Director
Sharmila Potter
Director

Registered Company No. 15038443
NSP LENDING LIMITED
Notes to the Financial Statements
for the period ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

2024
Average number of employees during the year2
3.Creditors: amounts due within one year

2024

£
Bank borrowings and overdrafts463,420
Taxation and social security8,081
Total471,501
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
4.Creditors: amounts due after one year

2024

£
Bank borrowings and overdrafts76,854
Total76,854
5.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of going the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.