NPI (Kettering) Ltd


Directors	Benjamin Spickernell
	Thomas G Spickernell
	Marcus R Hayes


Registered Address	The Forge
	Sutton Maddock
	Shifnal
	TF11 9ND


Registered Number	11031926 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		-		85
Investment property	4		340,000		352,945
			340,000		353,030
Current assets
Debtors	5	22,731		26,575
		22,731		26,575
Creditors amounts falling due within one year	6	(17,698)		(38,752)
Net current assets (liabilities)			5,033		(12,177)
Total assets less current liabilities			345,033		340,853
Provisions for liabilities	7		-		(21,694)
Net assets			345,033		319,159
Capital and reserves
Called up share capital			100		100
Revaluation reserve			85,171		98,116
Profit and loss account			259,762		220,943
Shareholders' funds			345,033		319,159

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 4 December 2025, and are signed on its behalf by:

Benjamin Spickernell
Director
Registered Company No. 11031926

NPI (Kettering) Ltd

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	33

	Investment property
	Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 24	1,265	1,265
At 31 March 25	1,265	1,265
Depreciation and impairment
At 01 April 24	1,180	1,180
Charge for year	85	85
At 31 March 25	1,265	1,265
Net book value
At 31 March 25	-	-
At 31 March 24	85	85

4.	Investment property
	The property was sold in October 2025 for £340,000 and the Directors are of the opinion that the market value at the Balance sheet date would have been the same as the sale value.


		£
	Fair value at 01 April 24	352,945
	Fair value adjustments	(12,945)
	At 31 March 25	340,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	4,400	5,156
Other debtors	17,756	21,419
Prepayments and accrued income	575	-
Total	22,731	26,575

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	880
Amounts owed to related parties	1,195	20,741
Taxation and social security	530	1,160
Other creditors	8,138	8,138
Accrued liabilities and deferred income	7,835	7,833
Total	17,698	38,752


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	-	21,694
Total	-	21,694

8.	Related party transactions
	The Company has borrowed £1,195 (2024: £20,741) from its parent company. This loan is denominated in sterling and has been provided interest free with no fixed repayment date, but it is likely to be repaid within one year and is therefore shown as such in these financial statements.