NEPI M&CO NO 1 LIMITED Accounts

NEPI M&CO NO 1 LIMITED - Company Information






NEPI M&CO NO 1 LIMITED

	Company No. 11480118
		Information for Filing with The Registrar
		31 July 2021

The Directors present their report and the accounts for the year ended 31 July 2021.

Principal activities
The principal activity of the company during the year under review was property development .




Directors

The Directors who served at any time during the year were as follows:

M.T. Armstrong
D.R.N. Scaife




































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

M.T. Armstrong
Director
17 April 2022

at	31 July 2021
Company No.		11480118	Notes	2021	2020
				£	£
Fixed assets


	Investment property		4	130,000	130,000

				130,000	130,000
Current assets
	Stocks		5	325,191	134,838
	Debtors		6	147,074	188,162

	Cash at bank and in hand			62,087	33,885
				534,352	356,885
Creditors: Amount falling due within one year			7	(198,343)	(72,354)
Net current assets				336,009	284,531
Total assets less current liabilities				466,009	414,531
Creditors: Amounts falling due after more than one year			8	(420,189)	(412,333)



Net assets				45,820	2,198

Capital and reserves
	Called up share capital			2	2



	Profit and loss account		9	45,818	2,196

Total equity				45,820	2,198



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 July 2021 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 17 April 2022
And signed on its behalf by:
M.T. Armstrong
Director
17 April 2022

for the year ended 31 July 2021

General information

Its registered number is: 11480118

Its registered office is:

2 South Terrace

Sunderland

SR5 2AW

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• 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 economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

3	Employees
			2021	2020
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

Investment property

Freehold Investment Property

Valuation

At 1 August 2020

130,000

At 31 July 2021

130,000

Freehold Investment Property

The freehold investment property was acquired on 21 October 2019. The property was revalued on 31 July 2020 by M Armstrong.

5	Stocks
			2021	2020
			£	£


		Finished goods	325,191	134,838
			325,191	134,838

6	Debtors
			2021	2020
			£	£






		Other debtors	147,074	188,162

			147,074	188,162

7	Creditors:
		amounts falling due within one year
			2021	2020
			£	£









		Other creditors	196,903	70,914
		Accruals and deferred income	1,440	1,440
			198,343	72,354

8	Creditors:
		amounts falling due after more than one year
			2021	2020
			£	£

		Bank loans and overdrafts	49,441	50,000
		Other loans	359,971	351,556



		Other creditors	10,777	10,777

			420,189	412,333

Reserves

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