Company Registration No. 12492485 (England and Wales)
NET PNL LTD
Unaudited accounts
for the year ended 31 March 2025
NET PNL LTD
Unaudited accounts
Contents
NET PNL LTD
Company Information
for the year ended 31 March 2025
Director
HAPPYSON TAWANDA MUDAVANHU
Company Number
12492485 (England and Wales)
Registered Office
Innovation Centre Medway
Chatham
ME5 9FD
England
NET PNL LTD
Statement of financial position
as at 31 March 2025
Tangible assets
4,552,942
1,556,032
Cash at bank and in hand
11,888
13,152
Creditors: amounts falling due within one year
(69,487)
(34,029)
Net current assets
227,948
411,209
Total assets less current liabilities
4,780,890
1,967,241
Creditors: amounts falling due after more than one year
(4,793,949)
(1,981,119)
Net liabilities
(13,059)
(13,878)
Called up share capital
100
100
Profit and loss account
(13,159)
(13,978)
Shareholders' funds
(13,059)
(13,878)
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 April 2025 and were signed on its behalf by
HAPPYSON TAWANDA MUDAVANHU
Director
Company Registration No. 12492485
NET PNL LTD
Notes to the Accounts
for the year ended 31 March 2025
NET PNL LTD is a private company, limited by shares, registered in England and Wales, registration number 12492485. The registered office is Innovation Centre Medway, Chatham, ME5 9FD, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No Depreciation
4
Tangible fixed assets
Land & buildings
At 31 March 2025
4,552,942
At 31 March 2025
4,552,942
At 31 March 2024
1,556,032
Amounts falling due within one year
Accrued income and prepayments
-
284,636
Other debtors
285,547
142,547
NET PNL LTD
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
13,874
6,424
Taxes and social security
500
-
Other creditors
55,113
27,605
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
3,795,719
1,961,637
Loans from directors
49,482
19,482
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).