Company Registration No. NI673983 (Northern Ireland)
Neptune Group Limited
Unaudited accounts
for the year ended 31 March 2025
Neptune Group Limited
Statement of financial position
as at 31 March 2025
Debtors
5,793,733
6,781,137
Cash at bank and in hand
72,957
22,320
Creditors: amounts falling due within one year
(1,217,024)
(1,951,294)
Net current assets
4,649,666
4,852,163
Net assets
4,649,876
4,942,824
Called up share capital
100
100
Profit and loss account
4,649,776
4,942,724
Shareholders' funds
4,649,876
4,942,824
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 director acknowledges his 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 and authorised for issue on 4 December 2025 and were signed on its behalf by
Creighton Boyd
Director
Company Registration No. NI673983
Neptune Group Limited
Notes to the Accounts
for the year ended 31 March 2025
Neptune Group Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI673983. 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 director believes that Neptune Group Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Investments held as fixed assets are stated at cost less provision for any diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the financial period in which it is receivable.
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Investments
Other investments
Valuation at 1 April 2024
90,661
Valuation at 31 March 2025
210
Fixed asset investments include equity shares in: (Control)
Ballyclare Developments Ltd (100%)
Neptune Land Promotion Ltd (100%)
Neptune Group Service Company Limited (100%)
Neptune Group Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Amounts due from group undertakings etc.
4,806,306
5,829,296
Accrued income and prepayments
900,000
652,010
Other debtors
87,427
299,699
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Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
1,119,339
1,877,252
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50
50
50 Ordinary B shares of £1 each
50
50
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Transactions with related parties
Included within debtors are amounts due from connected companies of £4,806,306 (2024: £5,829,296).
Included within creditors are amounts due to connected companies of £1,119,339 (2024: £1,877,252).
All amounts are unsecured, interest free and repayable on demand.
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Average number of employees
During the year the average number of employees was 0 (2024: 0).