NPEM LTD 11695668 Other business support service activities not elsewhere classified false 1 January 2023 11695668 2023-01-01 2023-12-31 11695668 2022-12-31 11695668 2023-12-31 11695668 2022-01-01 2022-12-31 11695668 2021-12-31 11695668 2022-12-31 11695668 frs102-bus:FRS102 2023-01-01 2023-12-31 11695668 frs102-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11695668 frs102-bus:FullAccounts 2023-01-01 2023-12-31 11695668 frs102-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11695668 frs102-bus:Director1 2023-01-01 2023-12-31 11695668 frs102-bus:Director2 2023-01-01 2023-12-31 11695668 frs102-bus:RegisteredOffice 2023-01-01 2023-12-31 11695668 frs102-core:CurrentFinancialInstruments 2023-12-31 11695668 frs102-core:CurrentFinancialInstruments 2022-12-31 11695668 frs102-core:ShareCapital 2023-12-31 11695668 frs102-core:ShareCapital 2022-12-31 11695668 frs102-core:RetainedEarningsAccumulatedLosses 2023-12-31 11695668 frs102-core:RetainedEarningsAccumulatedLosses 2022-12-31 11695668 frs102-bus:OrdinaryShareClass1 2023-12-31 11695668 frs102-bus:OrdinaryShareClass1 2022-12-31 11695668 frs102-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
11695668
NPEM LTD
Report and Unaudited Accounts
for the year ended
31 December 2023

NPEM LTD
Company Information



Directors
Mr K Kantchev
A Trenchev




Registered Office
272 Kensington High Street
#14
London
W8 6ND
England




Registered Number
11695668



NPEM LTD
Directors' Report

The directors submit the report and financial statements for the year ended 31 December 2023.

Directors
The directors shown below held office during the whole of the accounting period:

Mr K Kantchev

A Trenchev

The report of the directors has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

This report was approved by the board on 24 September 2024.

..........................

Mr K Kantchev

Director


NPEM LTD
Profit and Loss Account
for the year ended 31 December 2023

Notes 2023
£
2022
£
Turnover 1 18,876 33,574
Cost of sales (0) (0)
Gross profit 18,876 33,574
Administrative expenses (14,555) (18,683)
Operating profit/(loss) 4,321 14,891
Other operating income 761,794 1,120,457
Interest payable and similar charges (767,106) (1,123,316)
Profit/(loss) on ordinary activities before taxation (991) 12,032
Tax on ordinary activities 2 (0) (2,543)
Profit/(loss) on ordinary activities after taxation (991) 9,489
Retained earnings brought forward 15,578 6,089
Retained earnings carried forward 14,587 15,578

NPEM LTD
Balance Sheet
as at 31 December 2023
Notes
2023
£
2022
£
Called up share capital not paid 100 100
Current assets
Debtors 4 130,184 202,810
Cash at bank and in hand 110,537 93,691
240,721 296,501
Prepayments and accrued income: 455 0
Creditors: amounts falling due within one year 5 (226,589) (280,923)
Net current assets / (liabilities) 14,587 15,578
Total assets less current liabilities 14,687 15,678
Provisions for liabilities (0) (0)
Total net assets (liabilities) 14,687 15,678
Capital and reserves
Called up share capital 6 100 100
Profit and loss account 14,587 15,578
Shareholders' funds 14,687 15,678

NPEM LTD
Balance Sheet
as at 31 December 2023



These accounts have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr K Kantchev

Director


Approved by the board on 24 September 2024

Company Number: 11695668 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

272 Kensington High Street
#14
London
W8 6ND
England

NPEM LTD
Notes to the Accounts
for the year ended 31 December 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Foreign currencies
Transactions in foreign currencies other than the functional currency of the company are recorded at the rate of exchange on the date the transaction occurred. Monetary assets and liabilities in foreign currencies are translated at the rates prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items measured at historic cost in a foreign currency are recorded at that historic value.
2. Taxation
2023 2022
£ £
UK Corporation Tax 0 2,543
Tax on profit/(loss) on ordinary activities 0 2,543

3. Employees
2023 2022
Average number of employees during the period 1 1

4. Debtors
2023 2022
£ £
Trade debtors 1,077 0
Other debtors 129,107 202,810
130,184 202,810

5. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 544 0
Taxation & social security 0 2,286
Other creditors 226,045 278,637
226,589 280,923

6. Share capital
2023 2022
£ £
Allotted, called up and unpaid:
100 (2022: 100) Ordinary shares of £1.00 each 100 100
100 100

NPEM LTD
Trading and Profit & Loss Account
For the year ended 31 December 2023
for the information of the Directors only

. . 2023
£
. 2022
£
Sales
Continuing Operations
Basic sales revenue 18,876 33,574
18,876 33,574
Cost of Sales
0 0
Administrative Expenses
Premise Costs
Rent of premises 544 -
544 0
General
Courier services 124 371
Sundry expenses 1,067 15
1,191 386
Legal & Professional
Legal fees - 30
Accountancy fees 9,032 1,109
Other legal and professional fees - 5,629
9,032 6,768
Finance Charges
Bank charges 3,788 11,529
3,788 11,529
14,555 18,683
Other Operating Income
Foreign exchange gain 761,794 1,120,457
761,794 1,120,457
.
Operating Profit 4,321 14,891