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REGISTERED NUMBER: 10414838 (England and Wales)











NPP Residential Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2023






NPP Residential Ltd (Registered number: 10414838)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


NPP Residential Ltd

Company Information
for the Year Ended 31 October 2023







Directors: O B Conoley
T J Parkinson





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 10414838 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

NPP Residential Ltd (Registered number: 10414838)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
Fixed assets
Tangible assets 4 2,645 1,800

Current assets
Stocks 79,726 64,450
Debtors 5 218,488 112,296
Cash at bank and in hand 113,155 220,535
411,369 397,281
Creditors
Amounts falling due within one year 6 (387,465 ) (474,483 )
Net current assets/(liabilities) 23,904 (77,202 )
Total assets less current liabilities 26,549 (75,402 )

Creditors
Amounts falling due after more than one
year

7

(25,378

)

(31,032

)

Provisions for liabilities (502 ) -
Net assets/(liabilities) 669 (106,434 )

Capital and reserves
Called up share capital 8 100 100
Retained earnings 569 (106,534 )
Shareholders' funds 669 (106,434 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NPP Residential Ltd (Registered number: 10414838)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





O B Conoley - Director


NPP Residential Ltd (Registered number: 10414838)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. Statutory information

NPP Residential Ltd 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.

The company meets its day to day working capital requirements through loans The company directors consider it reasonable to rely on the continuation of these loan facilities. The financial statements have, therefore been prepared on a going concern basis and do not contain any adjustments that might be necessary if the loan facilities was not maintain at an appropriate level

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Work in progress
Work in progress is valued at the lower of cost and net realisable value

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 balance sheet date.


NPP Residential Ltd (Registered number: 10414838)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the year was 13 (2022 - 15 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 November 2022 3,277
Additions 2,610
At 31 October 2023 5,887
Depreciation
At 1 November 2022 1,477
Charge for year 1,765
At 31 October 2023 3,242
Net book value
At 31 October 2023 2,645
At 31 October 2022 1,800

5. Debtors: amounts falling due within one year
31.10.23 31.10.22
£    £   
Other debtors 218,488 112,296

NPP Residential Ltd (Registered number: 10414838)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. Creditors: amounts falling due within one year
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 9,921 9,921
Taxation and social security 193,361 293,645
Other creditors 184,183 170,917
387,465 474,483

7. Creditors: amounts falling due after more than one year
31.10.23 31.10.22
£    £   
Bank loans 25,378 31,032

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

9. Other financial commitments

At the year end the company had operating lease commitments for rental agreements of within 1 year £67,444, 1-2 years £20,794, 2-5 years £1,311.

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
O B Conoley
Balance outstanding at start of year 12,173 4,785
Amounts advanced 111,053 7,388
Amounts repaid (97,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,226 12,173

NPP Residential Ltd (Registered number: 10414838)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

10. Directors' advances, credits and guarantees - continued

K G Jackson
Balance outstanding at start of year 17,690 17,340
Amounts advanced - 350
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,690 17,690