Company Registration No. NI628716 (Northern Ireland)
Neptune Land Promotion Limited
Unaudited accounts
for the year ended 31 March 2025
Neptune Land Promotion Limited
Statement of financial position
as at 31 March 2025
Inventories
478,099
418,818
Cash at bank and in hand
30
16
Creditors: amounts falling due within one year
(1,522,679)
(1,474,829)
Net current liabilities
(1,044,550)
(1,053,881)
Net liabilities
(1,044,550)
(1,053,881)
Called up share capital
100
100
Profit and loss account
(1,044,650)
(1,053,981)
Shareholders' funds
(1,044,550)
(1,053,881)
For the 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. 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by
Charlotte Elizabeth Francis Boyd
Director
Company Registration No. NI628716
Neptune Land Promotion Limited
Notes to the Accounts
for the year ended 31 March 2025
Neptune Land Promotion Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI628716. The registered office is 13 Main Street, Hillsborough, BT26 6AE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Having reviewed the resources available, the directors believe that Neptune Land Promotion Limited has adequate resources available to enable it to continue in operational existence for at least a period of 12 months from the date of approval of its financial statements. Accordingly, Neptune Land Promotion Limited continues to adopt the going concern basis in preparation of its financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Inventories in respect of development property have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2025
2024
Trade creditors
4,152
24,694
Amounts owed to group undertakings and other participating interests
1,517,819
1,430,374
Neptune Land Promotion Limited
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Transactions with related parties
Creditors includes amounts of £1,517,819 (2024: £1,430,374) owed to connected companies.
All amounts are unsecured, interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).