NPNM Holdings Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09458985 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 February 2020

for

NPNM Holdings Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms J M Caulfield

REGISTERED OFFICE:

19 Albion Street

Hull

East Yorkshire

HU1 3TG

REGISTERED NUMBER:

09458985 (England and Wales)

ACCOUNTANTS:

360 Accountants Limited

18-19 Albion Street

Hull

East Yorkshire

HU1 3TG

BANKERS:

National Westminster Bank Plc

34 King Edward Street

Hull

East Yorkshire

HU1 3SS

FIXED ASSETS

Tangible assets

4

752,838

756,457

CURRENT ASSETS

Debtors

908

2,075

Cash at bank

3,240

3,733

4,148

5,808

CREDITORS

Amounts falling due within one year

703,725

530,863

NET CURRENT LIABILITIES

(699,577

)

(525,055

)

TOTAL ASSETS LESS CURRENT LIABILITIES

53,261

231,402

CREDITORS

Amounts falling due after more than one year

5

89,467

256,768

NET LIABILITIES

(36,206

)

(25,366

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(36,306

)

(25,466

)

SHAREHOLDERS' FUNDS

(36,206

)

(25,366

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 February 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 23 November 2020 and were signed by:

Ms J M Caulfield - Director

1.	STATUTORY INFORMATION

NPNM Holdings 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Freehold property

-

Nil

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2019

770,355

Additions

1,300

At 29 February 2020

771,655

DEPRECIATION

At 1 March 2019

13,898

Charge for year

4,919

At 29 February 2020

18,817

NET BOOK VALUE

At 29 February 2020

752,838

At 28 February 2019

756,457

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

29/2/20

28/2/19

£

£

Repayable by instalments

Bank loans more 5 yr by instal

89,467

256,768

6.	DEFERRED TAX

£

Balance at 1 March 2019

(2,075

)

Provided during year

1,167

Balance at 29 February 2020

(908

)

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29/2/20

28/2/19

value:

£

£

100

Ordinary

£1

100

100

8.	ULTIMATE CONTROLLING PARTY

In the opinion of the director the ultimate controlling party is Mrs J Caulfield.