REGISTERED NUMBER: 13262042 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2025

for

NPO Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N P Oakes

Mrs K E Oakes

REGISTERED OFFICE:

2 Katie Road

Selly Oak

Birmingham

B29 6JG

REGISTERED NUMBER:

13262042 (England and Wales)

ACCOUNTANTS:

DJH Halesowen Limited

Church Court

Stourbridge Road

Halesowen

West Midlands

B63 3TT

FIXED ASSETS

Investment property

4

1,052,643

1,052,643

CURRENT ASSETS

Debtors

5

199,697

221,624

Cash at bank

44,709

16,157

244,406

237,781

CREDITORS

Amounts falling due within one year

6

46,544

58,390

NET CURRENT ASSETS

197,862

179,391

TOTAL ASSETS LESS CURRENT LIABILITIES

1,250,505

1,232,034

CREDITORS

Amounts falling due after more than one year

7

922,387

916,113

NET ASSETS

328,118

315,921

CAPITAL AND RESERVES

Called up share capital

98

98

Share premium

266,702

266,702

Retained earnings

61,318

49,121

328,118

315,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2025 and were signed on its behalf by:

N P Oakes - Director

1.	STATUTORY INFORMATION

NPO Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is included at fair value. Gains / losses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,052,643

NET BOOK VALUE

At 31 March 2025

1,052,643

At 31 March 2024

1,052,643

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

199,697

221,624

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

10,750

9,505

Other creditors

35,794

48,885

46,544

58,390

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

922,387

916,113

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

922,387

916,113

The bank Loans are secured on the investment properties by fixed charges

9.	RELATED PARTY DISCLOSURES

At the year end the company owed £534 to the director (2024: £10,957).