N & P Properties (South Coast) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12101972

N & P Properties (South Coast) Limited

Filleted Unaudited Financial Statements

31 July 2025

N & P Properties (South Coast) Limited

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	223,316	223,372

Current assets

Debtors	7	4,374	49,247
Cash at bank and in hand		87,733	62,983
		--------	---------
		92,107	112,230

Creditors: amounts falling due within one year	8	234,301	263,369
		---------	---------
Net current liabilities		142,194	151,139
		---------	---------
Total assets less current liabilities		81,122	72,233

Provisions	6,960	6,960
	--------	--------
Net assets	74,162	65,273
	--------	--------

Capital and reserves

Called up share capital	100	100
Fair value reserve	29,672	22,972
Profit and loss account	44,390	42,201
	--------	--------
Shareholders funds	74,162	65,273
	--------	--------

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 comprehensive income has not been delivered.

For the year ending 31 July 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 .

N & P Properties (South Coast) Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 11 February 2026 , and are signed on behalf of the board by:

N McIntosh Esq	Miss P McIntosh
Director	Director

Company registration number: 12101972

N & P Properties (South Coast) Limited

Notes to the Financial Statements

Year ended 31 July 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 TML House, 1a The Anchorage, Gosport, Hampshire, PO12 1LY.

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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	-	15% reducing balance

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	6,067	7,450
Adjustments in respect of prior periods	509	( 181)
	-------	-------
Total current tax	6,576	7,269
	-------	-------

Deferred tax:

Origination and reversal of timing differences	–	2,090
	-------	-------
Tax on profit	6,576	9,359
	-------	-------

6. Tangible assets

	Freehold property	Equipment	Total
	£	£	£
Cost
At 1 August 2024 and 31 July 2025	223,000	438	223,438
	---------	----	---------
Depreciation
At 1 August 2024	–	66	66
Charge for the year	–	56	56
	---------	----	---------
At 31 July 2025	–	122	122
	---------	----	---------
Carrying amount
At 31 July 2025	223,000	316	223,316
	---------	----	---------
At 31 July 2024	223,000	372	223,372
	---------	----	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	4,374	49,247
	-------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	140
Corporation tax	7,951	9,334
Other creditors	226,350	253,895
	---------	---------
	234,301	263,369
	---------	---------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
N McIntosh Esq	( 117,824)	30,917	( 86,907)
Miss P McIntosh	( 117,824)	5,123	( 112,701)
	---------	--------	---------
	( 235,648)	36,040	( 199,608)
	---------	--------	---------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
N McIntosh Esq	( 115,843)	( 1,981)	( 117,824)
Miss P McIntosh	( 115,843)	( 1,981)	( 117,824)
	---------	-------	---------
	( 231,686)	( 3,962)	( 235,648)
	---------	-------	---------