Company Registration No. NI673983 (Northern Ireland)
Neptune Land Development Limited
Unaudited accounts
for the period from 4 November 2020 to 31 March 2022
Neptune Land Development Limited
Statement of financial position
as at 31 March 2022
Creditors: amounts falling due within one year
(4,776,983)
Called up share capital
100
Profit and loss account
817
For the period ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 June 2022 and were signed on its behalf by
Creighton Boyd
Director
Company Registration No. NI673983
Neptune Land Development Limited
Notes to the Accounts
for the period from 4 November 2020 to 31 March 2022
Neptune Land Development Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI673983. The registered office is First Floor The Workshop, Unit 9a Linen Green, Moygashel, Dungannon, Co Tyrone, BT71 7HB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Having reviewed the resources available, the director believes that Neptune Land Development Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Investments held as fixed assets are stated at cost less provision for any diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the financial period in which it is receivable.
4
Investments
Other investments
Valuation at 4 November 2020
-
Valuation at 31 March 2022
210
Fixed asset investments include equity shares in: (Control)
Ballyclare Developments Ltd (100%)
Neptune Land Promotion Ltd (100%)
Neptune Group Service Company Limited (100%)
5
Debtors: amounts falling due within one year
2022
Amounts due from group undertakings etc.
4,777,690
Neptune Land Development Limited
Notes to the Accounts
for the period from 4 November 2020 to 31 March 2022
6
Creditors: amounts falling due within one year
2022
Amounts owed to group undertakings and other participating interests
4,776,383
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50
50 Ordinary B shares of £1 each
50
8
Transactions with related parties
Included within debtors are amounts due from connected companies of £4,777,690.
Included within creditors are amounts due to connected companies of £4,776,383.
9
Average number of employees
During the period the average number of employees was 0.
