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Company No: 14994741 (England and Wales)

NEPTUNE INFRASTRUCTURE ASSOCIATES LTD

Unaudited Financial Statements
For the financial period from 11 July 2023 to 31 December 2024
Pages for filing with the registrar

NEPTUNE INFRASTRUCTURE ASSOCIATES LTD

Unaudited Financial Statements

For the financial period from 11 July 2023 to 31 December 2024

Contents

NEPTUNE INFRASTRUCTURE ASSOCIATES LTD

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
NEPTUNE INFRASTRUCTURE ASSOCIATES LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 31.12.2024
£
Fixed assets
Tangible assets 3 1,219
1,219
Current assets
Debtors 4 42,691
Cash at bank and in hand 216,590
259,281
Creditors: amounts falling due within one year 5 ( 76,964)
Net current assets 182,317
Total assets less current liabilities 183,536
Net assets 183,536
Capital and reserves
Called-up share capital 6 100
Profit and loss account 183,436
Total shareholders' funds 183,536

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Neptune Infrastructure Associates Ltd (registered number: 14994741) were approved and authorised for issue by the Director on 07 February 2025. They were signed on its behalf by:

H Yates
Director
NEPTUNE INFRASTRUCTURE ASSOCIATES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 11 July 2023 to 31 December 2024
NEPTUNE INFRASTRUCTURE ASSOCIATES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 11 July 2023 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Neptune Infrastructure Associates Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Limes, Bayshill Road, Cheltenham, GL50 3AW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The reporting period is longer than 12 months as this is the first accounting period since incorporation.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
11.07.2023 to
31.12.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Tangible assets

Computer equipment Total
£ £
Cost
At 11 July 2023 0 0
Additions 1,354 1,354
At 31 December 2024 1,354 1,354
Accumulated depreciation
At 11 July 2023 0 0
Charge for the financial period 135 135
At 31 December 2024 135 135
Net book value
At 31 December 2024 1,219 1,219

4. Debtors

31.12.2024
£
Trade debtors 40,658
Amounts owed by director 100
Prepayments 845
VAT recoverable 1,088
42,691

5. Creditors: amounts falling due within one year

31.12.2024
£
Accruals 3,750
Taxation and social security 72,847
Other creditors 367
76,964

6. Called-up share capital

31.12.2024
£
Allotted, called-up and fully-paid
90,000 Ordinary A shares of £ 0.001 each 90
10,000 Ordinary B shares of £ 0.001 each 10
100

7. Related party transactions

Transactions with the entity's director

31.12.2024
£
Amounts owed by director 100

During the period, advances were made to the director totalling £2,100, credits were made totalling £2,000. The account is interest free and repayable on demand.