Company registration number 07911395 (England and Wales)
NEPEAN CONSTRUCTION (2011) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
NEPEAN CONSTRUCTION (2011) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
NEPEAN CONSTRUCTION (2011) LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
24,665
30,343
Current assets
Stocks
3,204
2,861
Debtors
4
11,878
20,972
Cash at bank and in hand
1,382
-
0
16,464
23,833
Creditors: amounts falling due within one year
5
(26,766)
(24,639)
Net current liabilities
(10,302)
(806)
Total assets less current liabilities
14,363
29,537
Creditors: amounts falling due after more than one year
6
(2,869)
(7,117)
Provisions for liabilities
(3,412)
(4,409)
Net assets
8,082
18,011
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
7,982
17,911
Total equity
8,082
18,011
NEPEAN CONSTRUCTION (2011) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2026
31 January 2026
- 2 -

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 August 2026 and are signed on its behalf by:
Mr D C Nepean
Mrs T Nepean
Director
Director
Company registration number 07911395 (England and Wales)
NEPEAN CONSTRUCTION (2011) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 3 -
1
Accounting policies
Company information

Nepean Construction (2011) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Daneinon, Cwmorgan, Newcastle Emlyn, Ceredigion, SA38 9LZ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% on reducing balance
Computers
10% on reducing balance
Motor vehicles
10% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

NEPEAN CONSTRUCTION (2011) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

NEPEAN CONSTRUCTION (2011) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
2
2
NEPEAN CONSTRUCTION (2011) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 6 -
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2025 and 31 January 2026
84,371
567
10,275
95,213
Depreciation and impairment
At 1 February 2025
57,935
440
6,495
64,870
Depreciation charged in the year
5,287
13
378
5,678
At 31 January 2026
63,222
453
6,873
70,548
Carrying amount
At 31 January 2026
21,149
114
3,402
24,665
At 31 January 2025
26,436
127
3,780
30,343
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
11,878
20,972
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
-
0
4,783
Obligations under finance leases
5,636
5,636
Other borrowings
240
100
Corporation tax
10,885
12,703
Other taxation and social security
8,995
1,417
Accruals and deferred income
1,010
-
0
26,766
24,639
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Other creditors
2,869
7,117
2026-01-31 2025-02-01 false false false 12 August 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr D C Nepean Mrs T Nepean 07911395 2025-02-01 2026-01-31 07911395 2026-01-31 07911395 2025-01-31 07911395 core:PlantMachinery 2026-01-31 07911395 core:ComputerEquipment 2026-01-31 07911395 core:MotorVehicles 2026-01-31 07911395 core:PlantMachinery 2025-01-31 07911395 core:ComputerEquipment 2025-01-31 07911395 core:MotorVehicles 2025-01-31 07911395 core:CurrentFinancialInstruments core:WithinOneYear 2026-01-31 07911395 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 07911395 core:Non-currentFinancialInstruments core:AfterOneYear 2026-01-31 07911395 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 07911395 core:ShareCapital 2026-01-31 07911395 core:ShareCapital 2025-01-31 07911395 core:RetainedEarningsAccumulatedLosses 2026-01-31 07911395 core:RetainedEarningsAccumulatedLosses 2025-01-31 07911395 bus:Director1 2025-02-01 2026-01-31 07911395 bus:Director2 2025-02-01 2026-01-31 07911395 core:PlantMachinery 2025-02-01 2026-01-31 07911395 core:ComputerEquipment 2025-02-01 2026-01-31 07911395 core:MotorVehicles 2025-02-01 2026-01-31 07911395 2024-02-01 2025-01-31 07911395 core:PlantMachinery 2025-01-31 07911395 core:ComputerEquipment 2025-01-31 07911395 core:MotorVehicles 2025-01-31 07911395 2025-01-31 07911395 core:CurrentFinancialInstruments 2026-01-31 07911395 core:CurrentFinancialInstruments 2025-01-31 07911395 core:Non-currentFinancialInstruments 2026-01-31 07911395 core:Non-currentFinancialInstruments 2025-01-31 07911395 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 07911395 bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 07911395 bus:FRS102 2025-02-01 2026-01-31 07911395 bus:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 07911395 bus:FullAccounts 2025-02-01 2026-01-31 xbrli:pure xbrli:shares iso4217:GBP