ACCOUNTS - Final Accounts

NHP (ROMSEY) LIMITED - Company Information

Caseware UK (AP4) 2020.0.247 2020.0.247 2020-12-312020-12-31false2020-01-01No description of principal activity77truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06900718 2020-01-01 2020-12-31 06900718 2019-01-01 2019-12-31 06900718 2020-12-31 06900718 2019-12-31 06900718 c:Director1 2020-01-01 2020-12-31 06900718 c:Director3 2020-01-01 2020-12-31 06900718 c:Director3 2020-12-31 06900718 c:RegisteredOffice 2020-01-01 2020-12-31 06900718 d:PlantMachinery 2020-01-01 2020-12-31 06900718 d:PlantMachinery 2020-12-31 06900718 d:PlantMachinery 2019-12-31 06900718 d:PlantMachinery d:OwnedOrFreeholdAssets 2020-01-01 2020-12-31 06900718 d:FurnitureFittings 2020-01-01 2020-12-31 06900718 d:FurnitureFittings 2020-12-31 06900718 d:FurnitureFittings 2019-12-31 06900718 d:FurnitureFittings d:OwnedOrFreeholdAssets 2020-01-01 2020-12-31 06900718 d:OwnedOrFreeholdAssets 2020-01-01 2020-12-31 06900718 d:Goodwill 2020-01-01 2020-12-31 06900718 d:Goodwill 2020-12-31 06900718 d:Goodwill 2019-12-31 06900718 d:CurrentFinancialInstruments 2020-12-31 06900718 d:CurrentFinancialInstruments 2019-12-31 06900718 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 06900718 d:CurrentFinancialInstruments d:WithinOneYear 2019-12-31 06900718 d:ShareCapital 2020-12-31 06900718 d:ShareCapital 2019-12-31 06900718 d:RetainedEarningsAccumulatedLosses 2020-12-31 06900718 d:RetainedEarningsAccumulatedLosses 2019-12-31 06900718 c:FRS102 2020-01-01 2020-12-31 06900718 c:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 06900718 c:FullAccounts 2020-01-01 2020-12-31 06900718 c:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure

Company registration number: 06900718

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2020

	NHP (ROMSEY) LIMITED


NHP (ROMSEY) LIMITED

COMPANY INFORMATION

Directors	Mr J D Rooker
	Mr A Pitt (appointed 14 February 2020)


Registered number	06900718


Registered office	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


Accountants	Menzies LLP
	Chartered Accountants
	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


NHP (ROMSEY) LIMITED REGISTERED NUMBER:06900718

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2020

		2020		2019
Note		£		£

Fixed assets
Tangible assets	5		1,097		1,261
			1,097		1,261
Current assets
Debtors: amounts falling due within one year	6	342,420		703,390
Cash at bank and in hand		16,923		35,691
		359,343		739,081
Creditors: amounts falling due within one year	7	(205,347)		(587,740)
Net current assets			153,996		151,341
Total assets less current liabilities			155,093		152,602
Provisions for liabilities
Deferred tax		(34)		(65)
			(34)		(65)
Net assets			155,059		152,537

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NHP (ROMSEY) LIMITED REGISTERED NUMBER:06900718

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2020

	2020	2019
Note	£	£

Capital and reserves
Called up share capital	1	1
Profit and loss account	155,058	152,536
	155,059	152,537

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 September 2021.

Mr J D Rooker

Director

The notes on pages 3 to 8 form part of these financial statements.

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NHP (ROMSEY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1.	General information

NHP (Romsey) Limited is a private company limited by shares, registered in England and Wales. The trading address of the company is Tadburn Road, Romsey, Hampshire, SO51 5HS.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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NHP (ROMSEY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

2.Accounting policies (continued)

2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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NHP (ROMSEY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

2.Accounting policies (continued)

2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Plant and machinery	-	20% reducing balance
				Fixtures and fittings	-	20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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NHP (ROMSEY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

2.Accounting policies (continued)

2.11

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Employees

The average monthly number of employees, including directors, during the year was 7 (2019 - 7).

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NHP (ROMSEY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 January 2020	99,870
	At 31 December 2020	99,870
	Amortisation
	At 1 January 2020	99,870
	At 31 December 2020	99,870
	Net book value
	At 31 December 2020	-
	At 31 December 2019	-

5.	Tangible fixed assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 January 2020	1,086	11,220	12,306
Additions	111	-	111
At 31 December 2020	1,197	11,220	12,417
Depreciation
At 1 January 2020	972	10,074	11,046
Charge for the year on owned assets	274	-	274
At 31 December 2020	1,246	10,074	11,320
Net book value
At 31 December 2020	(49)	1,146	1,097
At 31 December 2019	115	1,146	1,261

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NHP (ROMSEY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Debtors

					2020	2019
					£	£


Trade debtors	91,007	418,604
Other debtors	176,712	151,608
Prepayments and accrued income	74,701	133,178
	342,420	703,390

7.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Trade creditors	180,284	315,167
Corporation tax	9,376	3,934
Other taxation and social security	2,549	44,373
Other creditors	10,798	11,649
Accruals and deferred income	2,340	212,617
	205,347	587,740

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