Network 21 Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03755042

NETWORK 21 GROUP LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

NETWORK 21 GROUP LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

NETWORK 21 GROUP LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	A J J Chappell
	M D Chappell

Company secretary	A J J Chappell

Registered office	Squirrel Corner
	17a Old Great North Road
	Stibbington
	Peterborough
	England
	PE8 6LN

Accountants	Streets LLP
	Chartered accountants
	Tower House
	Lucy Tower Street
	Lincoln
	Lincolnshire
	LN1 1XW

NETWORK 21 GROUP LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Investments	6	1	1

Current assets

Debtors	7	74,038	94,924
Cash at bank and in hand		25,228	11,053
		---------	----------
		99,266	105,977

Creditors: amounts falling due within one year	8	4,109	4,019
		---------	----------
Net current assets		95,157	101,958
		---------	----------
Total assets less current liabilities		95,158	101,959
		---------	----------
Net assets		95,158	101,959
		---------	----------

NETWORK 21 GROUP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	2	2
Profit and loss account	95,156	101,957
	---------	----------
Shareholders funds	95,158	101,959
	---------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 December 2025 , and are signed on behalf of the board by:

A J J Chappell	M D Chappell
Director	Director

Company registration number: 03755042

NETWORK 21 GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Squirrel Corner, 17a Old Great North Road, Stibbington, Peterborough, PE8 6LN, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates are accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: Nil).

5. Tangible assets

	Equipment
	£
Cost
At 1 April 2024 and 31 March 2025	1,026
	-------
Depreciation
At 1 April 2024 and 31 March 2025	1,026
	-------
Carrying amount
At 31 March 2025	–
	-------
At 31 March 2024	–
	-------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	1
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	1
	----
At 31 March 2024	1
	----

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	48,178	69,244
Other debtors	25,860	25,680
	---------	---------
	74,038	94,924
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	960
Other creditors	4,109	3,059
	-------	-------
	4,109	4,019
	-------	-------

9. Related party transactions

Included within Other Debtors is a balance of £25,860 (2024: £25,680) relating to Chappell Housing Group Limited, a company with the same controlling party. No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

10. Controlling party

The company was under the control of A J J Chappell and M D Chappell throughout the current and previous year.