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Registration number: 11197333

NPRST Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2025

 

NPRST Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

NPRST Ltd

(Registration number: 11197333)
Abridged Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

260

491

Investment property

632,301

632,301

Investments

5

100

100

Other financial assets

6

55

55

 

632,716

632,947

Current assets

 

Debtors

8,095

6,969

Cash at bank and in hand

 

3,180

19,592

 

11,275

26,561

Creditors: Amounts falling due within one year

(548,292)

(581,556)

Net current liabilities

 

(537,017)

(554,995)

Net assets

 

95,699

77,952

Capital and reserves

 

Called up share capital

200

200

Profit and loss account

95,499

77,752

Total equity

 

95,699

77,952

 

NPRST Ltd

(Registration number: 11197333)
Abridged Balance Sheet as at 31 March 2025

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

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 9 June 2025 and signed on its behalf by:
 

Mr P J Murrish

Director

Mrs N L Murrish

Director

 

NPRST Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

The principal place of business is:
Jacaranda
Retorrick Mill
Mawgan Porth
Cornwall
TR8 4BH

These financial statements were authorised for issue by the Board on 9 June 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared on a going concern basis. Of the company's current liabilities at 31 March 2025, an amount is owed to the directors, who have agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

NPRST Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Fixture and fittings

25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Tangible assets

Total
£

Cost or valuation

At 1 April 2024

4,226

At 31 March 2025

4,226

Depreciation

At 1 April 2024

3,735

Charge for the year

231

At 31 March 2025

3,966

Carrying amount

At 31 March 2025

260

At 31 March 2024

491

 

NPRST Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Investment properties

2025
£

At 1 April

632,301

There has been no valuation of investment property by an independent valuer.

5

Investments

Total
£

Cost or valuation

At 1 April 2024

100

Carrying amount

At 31 March 2025

100

At 31 March 2024

100

6

Other financial assets (current and non-current)

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2024

55

At 31 March 2025

55

Carrying amount

At 31 March 2025

55

7

Related party transactions

Summary of transactions with other related parties

Included within debtors is a loan to Blue Phoenix Properties Limited for £4,950 (2024: £4,950) which is an associate of NPRST Ltd.

Included within creditors is a loan from Wisteria Holidays Limited for £13,900 (2024: £10,900) which is a subsidiary of NPRST Ltd.

Included within creditors is a loan from Penmellyn Properties Limited for £5 (2024: £5) which the company has significant influence over.