REGISTERED NUMBER: 04041770 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Neptune House Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B S Purewal

REGISTERED OFFICE:

4 Peter James Business Centre

Pump Lane

Hayes

UB3 3NT

REGISTERED NUMBER:

04041770 (England and Wales)

ACCOUNTANTS:

Blain Pritchard

Chartered Certified Accountants

29 High Street

Blue Town

SHEERNESS

Kent

ME12 1RN

FIXED ASSETS

Tangible assets

4

5,524

8,218

CURRENT ASSETS

Debtors

5

29,547

25,750

Cash at bank and in hand

39,068

55,851

68,615

81,601

CREDITORS

Amounts falling due within one year

6

50,218

29,051

NET CURRENT ASSETS

18,397

52,550

TOTAL ASSETS LESS CURRENT LIABILITIES

23,921

60,768

PROVISIONS FOR LIABILITIES

1,073

1,679

NET ASSETS

22,848

59,089

CAPITAL AND RESERVES

Called up share capital

10,020

10,020

Retained earnings

12,828

49,069

22,848

59,089

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

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

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th November 2025 and were signed by:

Ms R Brook - Director

B S Purewal - Director

1.	STATUTORY INFORMATION

Neptune House 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 represents the value of fees receivable for providing residential accommodation and care for adults with learning difficulties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 25% on cost and Over the term of the lease

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

175,894

Additions

1,450

At 31st March 2025

177,344

DEPRECIATION

At 1st April 2024

167,676

Charge for year

4,144

At 31st March 2025

171,820

NET BOOK VALUE

At 31st March 2025

5,524

At 31st March 2024

8,218

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

24,974

15,032

Other debtors

4,573

10,718

29,547

25,750

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,162

-

Taxation and social security

20,257

19,296

Other creditors

27,799

9,755

50,218

29,051

7.	RELATED PARTY DISCLOSURES

Rent and service charges during the year of £110,000 (2024 - £110,000) were paid to Otter Properties (Kent) Ltd. This company's major shareholders until they sold their shareholding after the year end. M Seabrook and D Lee are the shareholders of Otter Properties (Kent) Ltd.