ACCOUNTS - Final Accounts preparation

Registered number: 11626378

NEPOSOL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


NEPOSOL LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


NEPOSOL LIMITED REGISTERED NUMBER:11626378

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		24,636		24,636
Current assets
Debtors: amounts falling due within one year	5	394,535		312,096
Cash at bank and in hand		634,683		516,430
		1,029,218		828,526
Current liabilities
Creditors: amounts falling due within one year	6	(176,712)		(175,549)
Net current assets			852,506		652,977
Net assets			877,142		677,613

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		877,141	677,612
		877,142	677,613

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 July 2026.

G Freud

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


NEPOSOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Neposol Limited is a private company, limited by shares, incorporated in England and Wales, with its registered and principal place of business at 1 Stephen Street, London, United Kingdom, W1T 1AL.

The company's principal activity is the exploitation of rights.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

Revenue

Turnover comprises revenue recognised by the Company in respect of rights income receivable, exclusive of Value Added Tax.

Rights income is recognised in the period to which it relates.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.5

Tangible fixed assets - Artwork

Artwork is stated at cost less any provision for impairment. The directors consider that the artwork has an indefinite useful economic life and as such is not depreciated. The carrying value of artwork is reviewed annually for impairment and adjusted if necessary.

2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

Page 2


NEPOSOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.8

Creditors

Short term creditors are measured at the transaction price.

2.9

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Tangible fixed assets

		Artwork
		£
	Cost
	At 1 January 2025	24,636
	At 31 December 2025	24,636

	Net book value
	At 31 December 2025	24,636
	At 31 December 2024	24,636

Debtors

					2025	2024
					£	£

Other debtors	165,295	123,538
Accrued income	229,240	188,558
	394,535	312,096

Page 3


NEPOSOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	58	16
Taxation and social security	173,654	172,533
Accruals and deferred income	3,000	3,000
	176,712	175,549

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £0.01 each	1	1

8.	Transactions with directors

At the reporting date the Company was owed £165,294 (2024 - £123,537) by the directors of the Company, which has been repaid since the year end. The maximum amount outstanding during the year was £165,294 (2024 - £123,537). The Company charged interest at the official HMRC rate totalling £3,502 (2024 - £3,784) for the year.

Page 4