REGISTERED NUMBER: 15433405 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

NEPTUNE HOUSE FINCHLEY LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Green

S Grosskopf

REGISTERED OFFICE:

2a Alexandra Grove

London

N12 8NU

REGISTERED NUMBER:

15433405 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

5

4,728

-

Investment property

6

1,891,106

1,802,496

1,895,834

1,802,496

CURRENT ASSETS

Cash at bank

3,523

46,315

CREDITORS

Amounts falling due within one year

7

(895,051

)

(772,281

)

NET CURRENT LIABILITIES

(891,528

)

(725,966

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,004,306

1,076,530

CREDITORS

Amounts falling due after more than one year

8

(1,082,357

)

(1,082,357

)

NET LIABILITIES

(78,051

)

(5,827

)

CAPITAL AND RESERVES

Called up share capital

11

3

3

Retained earnings

12

(78,054

)

(5,830

)

SHAREHOLDERS' DEFICIT

(78,051

)

(5,827

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 14 October 2026 and were signed on its behalf by:

S Grosskopf - Director

1.	STATUTORY INFORMATION

Neptune House Finchley Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared on a going concern basis, under historical cost convention, modified to include investment properties and certain financial instruments at fair value, and in accordance with applicable accounting standards in the United Kingdom and the Companies Act 2006.

Going Concern

The company had net current liabilities of £891,528 [2024 - £725,966]. The directors have considered the company's financial position, including its rental income, property assets, financing arrangements and anticipated future cash flows.

The continued operation of the company is dependent upon the ongoing support of its lenders and creditors, including the continued availability of existing finance and the ability to meet obligations as they fall due. The directors have received assurances of continued financial support from the relevant parties and, having considered the company's forecasts and financing arrangements, believe that the company will have sufficient resources to continue operating for at least twelve months from the date of approval of these financial statements.

Accordingly, the directors consider the going concern basis of accounting to be appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

6,304

At 31 January 2026

6,304

DEPRECIATION

Charge for year

1,576

At 31 January 2026

1,576

NET BOOK VALUE

At 31 January 2026

4,728

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

1,802,496

Additions

88,610

At 31 January 2026

1,891,106

NET BOOK VALUE

At 31 January 2026

1,891,106

At 31 January 2025

1,802,496

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

960

3,553

Amounts owed to participating interests

648,997

603,997

Taxation and social security

9,387

2,774

Other creditors

235,707

161,957

895,051

772,281

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans (see note 9)

1,082,357

1,082,357

9.

LOANS

An analysis of the maturity of loans is given below:

31.1.26

31.1.25

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

1,082,357

1,082,357

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

1,082,357

1,082,357

Bank loan is secured by the way of first charge over the company's investment properties.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

3

Ordinary

£1

3

3

12.

RESERVES

Retained

earnings

£

At 1 February 2025

(5,830

)

Deficit for the year

(72,224

)

At 31 January 2026

(78,054

)