Company registration number 07095302 (England and Wales)
NMP PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
NMP PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
NMP PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
7,855,760
7,855,760
Investments
4
580
580
7,856,340
7,856,340
Current assets
Debtors
2,529,154
2,106,815
Cash at bank and in hand
93,407
212,804
2,622,561
2,319,619
Creditors: amounts falling due within one year
(300,111)
(146,333)
Net current assets
2,322,450
2,173,286
Total assets less current liabilities
10,178,790
10,029,626
Creditors: amounts falling due after more than one year
(2,822,487)
(2,227,137)
Provisions for liabilities
(57,950)
(57,950)
Net assets
7,298,353
7,744,539
Capital and reserves
Called up share capital
5
6,760,000
7,210,000
Non distributable reserves
7
312,885
312,885
Distributable profit and loss reserves
225,468
221,654
Total equity
7,298,353
7,744,539
NMP PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 26 May 2025 and are signed on its behalf by:
N Matoorian Pour
Director
Company Registration No. 07095302
NMP PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

NMP Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Little Dene, Mount Road, Woking, Surrey, United Kingdom, GU22 0PY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Investment properties

Investment properties are initially measured at cost and subsequently measured at fair value whilst a reliable measure of fair value is available without undue cost or effort. Changes in fair value are recognised in profit or

loss.

1.3
Fixed asset investments

Investments in subsidiary undertakings are recognised at cost.

Fixed asset investments are stated at cost less any provision for impairment.

1.4
Stocks

Inventories represent properties acquired for development and properties currently being developed. All costs associated with the development work are included and a provision is made if the carrying value of the inventories are deemed to be greater than fair value. Such provision is expensed through profit and loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

NMP PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

NMP PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
7,855,760

NMP PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
580
580
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £100 each
20
20
2,000
2,000
Ordinary B of £100 each
80
80
8,000
8,000
100
100
10,000
10,000
2025
2024
2025
2024
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference shares of £1 each
9,000,000
9,000,000
9,000,000
9,000,000
Preference shares classified as equity
6,750,000
7,200,000
Preference shares classified as liabilities
2,250,000
1,800,000
9,000,000
9,000,000
Total equity share capital
6,760,000
7,210,000
6
SECURED DEBTS

The following secured debts are included within creditors:

2025
2024
£
£
Bank loans and overdrafts
2,462,721
2,462,721
NMP PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
7
Non distributable reserves
2025
2024
£
£
At the beginning of the year
312,885
346,500
Non distributable reserves
-
(33,615)
At the end of the year
312,885
312,885
8
Related party transactions

During the period the company was repaid funds totalling £662,938 (2024 - £175,000) by Matoorian Limited, a company under common control and of which Mr N Matoorian Pour is also a Director. Interest is being charged at 3.59% above the base rate, £81,332 (2024 - £149,712). Total interest now accrued is £746,104 (2024 - £664,772). The amount outstanding at the balance sheet date was £1,086,674 (2024 - £1,668,281).

During the period no further amount loaned (2024 - £Nil) to Waldemar Gardens Properties Limited, a company under common control. The balance outstanding at 31 March 2025 was £352,539 (2024 -£352,539). No interest is being charged.

During the period the company received funds totalling £73,000 (2024 - £30,000 repaid) from Homes Around Limited (Formerly My Direct Home Limited), a company under common control. The balance outstanding at 31 March 2025 was £33,905 payable (2024 - £39,095 receivable). No interest is being charged.

During the period the company was loaned by the director £182,503, resulting in a balance due to the director of £294,139 (2024: £111,636 due from company) at the year end.

During the period, the company advanced loans totalling £975,186 (2024 – £Nil) to Mr. J Matoorian Pour, the son of the director, Mr. N Matoorian Pour. This constitutes a related party transaction. Interest is being charged on the loan at a rate of 5.53% per annum. The amount outstanding at 31 March 2025 was £975,186 (2024 – £Nil). The loan is unsecured and repayable on demand.

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