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Registered number: 13884637
NPN Rentals Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 13884637
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 7,548,880 7,433,519
7,548,880 7,433,519
CURRENT ASSETS
Debtors 5 130,000 30,000
Cash at bank and in hand 3,165 7,738
133,165 37,738
Creditors: Amounts Falling Due Within One Year 6 (7,674,988 ) (7,473,319 )
NET CURRENT ASSETS (LIABILITIES) (7,541,823 ) (7,435,581 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,057 (2,062 )
NET ASSETS/(LIABILITIES) 7,057 (2,062 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 6,957 (2,162 )
SHAREHOLDERS' FUNDS 7,057 (2,062)
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr R Walia
Director
27/06/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
NPN Rentals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13884637 . The registered office is C/O Goldwyns London Llp, No.1 Royal Exchange, London, EC3V 3DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Investment Properties
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.5. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.6. Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.7. 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 current liabilities.
2.8. Critical Accounting Judgements And Key Source of Estimation Uncertainity
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the period was as follows: 1 (2024: 1)
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4. Investment Property
31 March 2025
£
Fair Value
As at 1 April 2024 7,433,519
Additions 115,361
As at 31 March 2025 7,548,880
5. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Other debtors 130,000 30,000
6. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Other creditors 7,672,669 7,473,319
Taxation and social security 2,319 -
7,674,988 7,473,319
7. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and as at year end there are 100 Ordinary Shares in issue.
8. Related Party Transactions
As at the year-end, GAM Rentals Limited, a connected company, owed the company £20,000. This amount is a current asset, interest free and repayable on demand.
As at the year-end, KSA Developers Ltd, a connected company, owed the company £80,000. This amount is a current asset, interest free and repayable on demand.
As at the year-end, the company owed SK Rentals Ltd, a connected company, £43,000. This amount is a current liability, interest free and repayable on demand.
As at the year-end, the company owed the shareholder of the company, £7,481,769. This amount is a current liability, interest free and repayable on demand.
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