NEPS Property Solutions Limited Filleted Accounts Cover
NEPS Property Solutions Limited
Company No. 13351001
Information for Filing with The Registrar
31 March 2025
NEPS Property Solutions Limited Directors Report Registrar
The Director presents his report and the accounts for the period ended 31 March 2025.
Principal activities
The principal activity of the company during the period under review was . operating a commercial vehicle fleet.
Director
The Director who served at any time during the period was as follows:
D.M. Gray
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
D.M. Gray
Director
01 July 2025
NEPS Property Solutions Limited Balance Sheet Registrar
at
31 March 2025
Company No.
13351001
Notes
2025
2024
£
£
Fixed assets
Tangible assets
5
1,201,5031,164,821
Investments
6
55
1,201,5081,164,826
Current assets
Debtors
7
648,097291,020
Cash at bank and in hand
5,98623,034
654,083314,054
Creditors: Amount falling due within one year
8
(430,550)
(592,826)
Net current assets/(liabilities)
223,533
(278,772)
Total assets less current liabilities
1,425,041886,054
Creditors: Amounts falling due after more than one year
9
(349,101)
(301,343)
Provisions for liabilities
Deferred taxation
(65,444)
(159,977)
Net assets
1,010,496424,734
Capital and reserves
Called up share capital
99
Profit and loss account
12
1,010,487424,725
Total equity
1,010,496424,734
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 01 July 2025 and signed on its behalf by:
D.M. Gray
Director
01 July 2025
NEPS Property Solutions Limited Notes to the Accounts Registrar
for the period ended 31 March 2025
1
General information
NEPS Property Solutions Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 13351001
Its registered office is:
8 Octavian Way
Team Valley Trading Estate
Gateshead
NE11 0HZ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Freehold buildings
% 50 years straight line
Motor vehicles
% 8 years straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
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.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
3
Items of income or expenses of exceptional size or incidence
2025
2024
£
£
Intercompany loan write off
-
(220,533)
4
Employees
2025
2024
Number
Number
The average monthly number of employees (including directors) during the period:
11
5
Tangible fixed assets
Land and buildings
Motor vehicles
Total
£
£
£
Cost or revaluation
At 30 April 2024
323,686990,5191,314,205
Additions
-206,252206,252
Revaluation
96,314-96,314
Disposals
-
(197,720)
(197,720)
At 31 March 2025
420,000999,0511,419,051
Depreciation
At 30 April 2024
-149,384149,384
Charge for the year
8,400143,409151,809
Disposals
-
(83,645)
(83,645)
At 31 March 2025
8,400209,148217,548
Net book values
At 31 March 2025
411,600789,9031,201,503
At 29 April 2024
323,686
841,135
1,164,821
Freehold land and buildings
2025
2024
£
£
Historical cost
323,686
-
323,686
-
The land & buildings have been revalued at 31 March 2025 by an external independent third party.
6
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 30 April 2024
5
5
At 31 March 2025
5
5
Provisions/Impairment
Net book values
At 31 March 2025
5
5
At 29 April 2024
5
5
7
Debtors
2025
2024
£
£
Trade debtors
32,478-
Amounts owed by group undertakings
615,610273,316
Loans to directors
-17,695
Other debtors
99
648,097291,020
8
Creditors:
amounts falling due within one year
2025
2024
£
£
Obligations under finance lease and hire purchase contracts
67,05750,490
Trade creditors
55,339338,159
Taxes and social security
243,415
157,542
Loans from directors
63,23845,133
Accruals and deferred income
1,5011,502
430,550592,826
9
Creditors:
amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
189,986210,500
Obligations under finance lease and hire purchase contracts
159,11590,843
349,101301,343
10
Creditors: secured liabilities
2025
2024
£
£
The aggregate amount of secured liabilities included within creditors
189,986210,500
The company has taken bank borrowings of £189,986 (2024:£210,500). The debt is secured on the company's freehold land and buildings.
11
Share Capital
Ordinary shares unpaid
12
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
13
Dividends
2025
2024
£
£
Dividends for the period:
Dividends paid in the period
1,000
4,000
1,000
4,000
Dividends by type:
Equity dividends
1,0004,000
1,000
4,000
14
Related party disclosures
Transactions with related parties
The company provided services to its subsidiary undertaking NEPS Logistics Ltd throughout the year. At 31 March 2025 NEPS Logistics Limited owed the company £615,609 (29 April 2024: £609,845).

In addition, the company has borrowed funds from NEPS Logistics for working capital purposes. The borrowing have been made on an interest-free basis repayable on demand. The amount due to NEPS Logistics at 31 March 2025 was £nil (29 April 2024: £336,529).
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