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COMPANY REGISTRATION NUMBER: 09512312

NP PROPERTY MANAGEMENT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

NP PROPERTY MANAGEMENT LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2025

CONTENTS | PAGE

Officers and professional advisers | 1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 2

Statement of financial position | 3

Notes to the financial statements | 5

NP PROPERTY MANAGEMENT LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors | N D Wyatt
| P G McCarthy

Company secretary | N D Wyatt

Registered office | 106-107 Dowgate Hill House
| 14-16 Dowgate Hill
| London
| EC4R 2SU

Accountants | Colne Valley Business Services LLP t/a Cloke & Co
| Chartered Certified Accountants
| 106-107 Dowgate Hill House
| 14-16 Dowgate Hill
| London
| EC4R 2SU

NP PROPERTY MANAGEMENT LIMITED

CHARTERED CERTIFIED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NP PROPERTY MANAGEMENT LIMITED

YEAR ENDED 31st MARCH 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NP Property Management Limited for the year ended 31st March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of NP Property Management Limited, as a body, in accordance with the terms of our engagement letter dated 2nd April 2015. Our work has been undertaken solely to prepare for your approval the financial statements of NP Property Management Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NP Property Management Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that NP Property Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of NP Property Management Limited. You consider that NP Property Management Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of NP Property Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Colne Valley Business Services LLP t/a Cloke & Co Chartered Certified Accountants
106-107 Dowgate Hill House 14-16 Dowgate Hill London EC4R 2SU
19 November 2025

NP PROPERTY MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

| 2025 | 2024
Note | £ | £ | £

FIXED ASSETS

Tangible assets | 4 |  | 1,125,000 | 1,455,000

CURRENT ASSETS

Debtors | 5 | 3,060 |  | 2,154
Cash at bank and in hand | 110,415 |  | 56,548
| --------- |  | --------
| 113,475 |  | 58,702

CREDITORS: amounts falling due within one year | 6 | 686,054 |  | 993,746
| --------- |  | ---------
NET CURRENT LIABILITIES |  | 572,579 | 935,044
|  | ------------ | ------------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 552,421 | 519,956
|  | --------- | ---------
NET ASSETS |  | 552,421 | 519,956
|  | --------- | ---------

CAPITAL AND RESERVES

Called up share capital |  | 200 | 200
Profit and loss account |  | 552,221 | 519,756
|  | --------- | ---------
SHAREHOLDERS FUNDS |  | 552,421 | 519,956
|  | --------- | ---------

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.
For the year ending 31st 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

NP PROPERTY MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 19 November 2025 , and are signed on behalf of the board by:

N D Wyatt
Director

Company registration number: 09512312

NP PROPERTY MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 106-107 Dowgate Hill House, 14-16 Dowgate Hill, London, EC4R 2SU.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
INCOME TAX
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
TANGIBLE ASSETS
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
INVESTMENT PROPERTY
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. The surplus or deficit arising from the annual revaluation is recognised in the statement of comprehensive income for that year. This is a departure from the requirement of the Companies Act 2006 which requires depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance.
FINANCIAL INSTRUMENTS
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 entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. TANGIBLE ASSETS

| Land and buildings
| £
Cost or valuation |
At 1st April 2024 | 1,455,000
Additions | 26,029
Disposals | ( 380,000)
Revaluations | 23,971
| ------------
At 31st March 2025 | 1,125,000
| ------------
Depreciation |
At 1st April 2024 and 31st March 2025 | –
| ------------
Carrying amount |
At 31st March 2025 | 1,125,000
| ------------
At 31st March 2024 | 1,455,000
| ------------

The fair value of the properties on 31st March 2025 was £1,125,000 (2024 - £1,455,000).
5. DEBTORS

| 2025 | 2024
| £ | £
Other debtors | 3,060 | 2,154
| ------- | -------

6. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £
Corporation tax | 3,571 | 7,103
Other creditors | 682,483 | 986,643
| --------- | ---------
| 686,054 | 993,746
| --------- | ---------

7. RELATED PARTY TRANSACTIONS
In the directors' opinion the company had no controlling party during the period. Both directors of NP Property Management Limited, are directors of PDQ Exhibitions Limited; at the year end an interest free loan of £666,884 (2024 - £971,284) was owed to PDQ Exhibitions Limited by NP Property Management Limited. There were no further transactions with related parties that were undertaken such as are required to be disclosed under FRS102 Section 1A.