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Company No: SC567779 (Scotland)

NSN PROJECT MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

NSN PROJECT MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

NSN PROJECT MANAGEMENT LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025
NSN PROJECT MANAGEMENT LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 0 920
0 920
Current assets
Debtors 4 0 3,120
Cash at bank and in hand 37,519 31,836
37,519 34,956
Creditors: amounts falling due within one year 5 ( 21,935) ( 22,766)
Net current assets 15,584 12,190
Total assets less current liabilities 15,584 13,110
Net assets 15,584 13,110
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 15,583 13,109
Total shareholder's funds 15,584 13,110

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.

Directors' responsibilities:

The financial statements of NSN Project Management Limited (registered number: SC567779) were approved and authorised for issue by the Board of Directors on 25 July 2025. They were signed on its behalf by:

Mr N Newlands
Director
NSN PROJECT MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
NSN PROJECT MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

NSN Project Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 4 Carrongrange Gardens, Stenhousemuir, Larbert, FK5 3DU, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors intend to strike off the company in the coming months. As the company will cease to exist within 12 months from the date of sign off, these accounts are prepared on a basis other than going concern. The assets and liabilities of the company are therefore recorded as current.

Turnover

Turnover represents income received for consultancy services provided and is shown net of VAT, where applicable.

Employee benefits

Short term benefits
The costs of short-term benefits are recognised as a liability and an expense, unless these costs are required to be recognised as part of the cost of stock of fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

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.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2024 3,807 3,807
Disposals ( 3,807) ( 3,807)
At 31 March 2025 0 0
Accumulated depreciation
At 01 April 2024 2,887 2,887
Charge for the financial year 325 325
Disposals ( 3,212) ( 3,212)
At 31 March 2025 0 0
Net book value
At 31 March 2025 0 0
At 31 March 2024 920 920

4. Debtors

2025 2024
£ £
Trade debtors 0 3,120

5. Creditors: amounts falling due within one year

2025 2024
£ £
Corporation tax 12,548 13,200
Other taxation and social security 6,373 7,696
Other creditors 3,014 1,870
21,935 22,766

6. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

7. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Amounts owed to key management personnel 0 27