Company registration number:
3375061
Neston Property Management Limited
Unaudited filleted financial statements
31 March 2025
Neston Property Management Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
Neston Property Management Limited
Directors and other information
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Directors |
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A D French |
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B A Riley |
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Secretary |
A D French |
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Company number |
3375061 |
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Registered office |
38-40 King Street |
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Wallasey |
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Wirral |
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CH44 8AU |
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Accountant |
Hailwood & Co. |
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392-394 Hoylake Road |
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Moreton |
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Wirral |
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CH46 6DF |
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Neston Property Management Limited
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of Neston Property Management Limited
Year ended 31 March 2025
As described on the Statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2025, as set out on pages 3 to 7.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Hailwood & Co.
Chartered Accountants
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
4 July 2025
Neston Property Management Limited
Statement of financial position
31 March 2025
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2025 |
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2024 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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5 |
67,627 |
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67,627 |
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_______ |
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_______ |
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67,627 |
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67,627 |
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Current assets |
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Debtors |
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6 |
3,293 |
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2,781 |
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Cash at bank and in hand |
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86,756 |
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73,539 |
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_______ |
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_______ |
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90,049 |
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76,320 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
51,336) |
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(
50,766) |
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_______ |
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_______ |
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Net current assets |
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38,713 |
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25,554 |
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_______ |
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Total assets less current liabilities |
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106,340 |
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93,181 |
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_______ |
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Net assets |
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106,340 |
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93,181 |
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Capital and reserves |
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Called up share capital |
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4 |
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4 |
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Profit and loss account |
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106,336 |
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93,177 |
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_______ |
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Shareholders funds |
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106,340 |
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93,181 |
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_______ |
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_______ |
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For the 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.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
04 July 2025
, and are signed on behalf of the board by:
A D French
B A Riley
Director
Director
Company registration number:
3375061
Neston Property Management Limited
Notes to the financial statements
Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Neston Property Management, 38-40 King Street, Wallasey, Wirral, CH44 8AU.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is the fair value of the consideration receivable for goods supplied and services rendered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2024:
2
).
5.
Investments
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Other investments other than loans |
Total |
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£ |
£ |
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Cost |
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At 1 April 2024 and 31 March 2025 |
67,627 |
67,627 |
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_______ |
_______ |
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Impairment |
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At 1 April 2024 and 31 March 2025 |
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- |
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Carrying amount |
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At 31 March 2025 |
67,627 |
67,627 |
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_______ |
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At 31 March 2024 |
67,627 |
67,627 |
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_______ |
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6.
Debtors
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2025 |
2024 |
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£ |
£ |
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Trade debtors |
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1,873 |
1,886 |
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Other debtors |
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1,420 |
895 |
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_______ |
_______ |
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3,293 |
2,781 |
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_______ |
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7.
Creditors: amounts falling due within one year
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2025 |
2024 |
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£ |
£ |
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Trade creditors |
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42,901 |
42,831 |
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Corporation tax |
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6,127 |
6,199 |
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Social security and other taxes |
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277 |
246 |
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Other creditors |
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2,031 |
1,490 |
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_______ |
_______ |
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51,336 |
50,766 |
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_______ |
_______ |
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8.
Controlling party
The company is controlled by its directors,
B A Riley
owns 50% of its ordinary share capital and A D French
50%.
9.
Directors' advances, credits and guarantees
All movements on directors' advances, credits and guarantees, were as would be expected under normal market conditions, not material in terms of risk or benefits arising and would therefore not influence the users of these accounts when assessing the financial position of the company.