Company registration number: 13565997

Naed Repip Ytreporp Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 5

Naed Repip Ytreporp Limited

(Registration number: 13565997)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	712,250	727,790
Investment property	6	917,878	288,783
		1,630,128	1,016,573
Current assets
Debtors	7	100	100
Creditors: Amounts falling due within one year	8	(1,425,082)	(860,836)
Net current liabilities		(1,424,982)	(860,736)
Net assets		205,146	155,837
Capital and reserves
Called up share capital		100	100
Profit and loss account		205,046	155,737
Total equity		205,146	155,837

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 August 2026 .
 

D A Piper Director

Naed Repip Ytreporp Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 10
Strashleigh View
Lee Mill Industrial Estate
IVYBRIDGE
Devon
PL21 9GS

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover recognition

Rental income is recognised on a straight-line basis over the lease term and is included within turnover. Amounts received in advance are deferred and recognised over the period to which they relate. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Naed Repip Ytreporp Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

The current 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 taxable income.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation of tangible assets

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	2% Straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Reserves

Called up share capital represents the nominal value of shares that have been issued.

Profit and loss account includes all current and prior period profits and losses.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2024 - 1).

Naed Repip Ytreporp Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

4	Profit before tax

Arrived at after charging/(crediting):

	2025 £	2024 £
Depreciation	15,540	15,540

5	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 January 2025	777,000	777,000
At 31 December 2025	777,000	777,000
Depreciation
At 1 January 2025	49,210	49,210
Charge for the year	15,540	15,540
At 31 December 2025	64,750	64,750
Carrying amount
At 31 December 2025	712,250	712,250
At 31 December 2024	727,790	727,790

Included within the net book value of land and buildings above is £712,250 (2024 - £727,790) in respect of freehold land and buildings.
 

6	Investment properties

	2025  £
At 1 January 2025	288,783
Additions	629,095
At 31 December 2025	917,878

There has been no valuation of investment property by an independent valuer.

7

Debtors

Current	2025 £	2024 £
Other debtors	100	100
	100	100

Naed Repip Ytreporp Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9	1,403,464	838,525
Taxation and social security		21,618	22,311
		1,425,082	860,836

9	Related party transactions

Summary of transactions with parent

At the balance sheet date, £1,250,669 (2024 - £716,744) was owed to the parent company by the company.

Summary of transactions with subsidiaries

During the year, the company received income of £95,000 (2024 - £95,000) in regard to rent from a fellow group undertaking.

At the balance sheet date £152,796 (2024 - £121,781) was owed to a fellow group undertaking by the company.

10	Parent and ultimate parent undertaking

The company's immediate parent is Naed Repip (Holdings) Limited, incorporated in England and Wales.

  These financial statements are available upon request from Companies House

 The ultimate controlling party is Dean Piper.

11	Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 14 September 2026 was Joseph Doggrell BSc (Hons) FCA, who signed for and on behalf of Albert Goodman LLP.