Abbreviated Company Accounts - NPP PROPERTIES LIMITED

NPP PROPERTIES LIMITED - Company Information

04168865 NPP PROPERTIES LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 04168865 2014-03-01 2015-02-28 04168865 2015-02-28 04168865 2014-02-28 04168865 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 04168865 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 04168865

NPP PROPERTIES LIMITED

Abbreviated Accounts

28 February 2015

NPP PROPERTIES LIMITED Registered Number 04168865

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	507,104	506,960
Investments	3	200,000	200,000
		707,104	706,960
Current assets
Stocks		335,546	2,100
Debtors		34,723	68,990
Cash at bank and in hand		7,793	86,582
		378,062	157,672
Creditors: amounts falling due within one year		(291,122)	(409,535)
Net current assets (liabilities)		86,940	(251,863)
Total assets less current liabilities		794,044	455,097
Total net assets (liabilities)		794,044	455,097
Capital and reserves
Called up share capital	4	335	200
Share premium account		307,058	-
Profit and loss account		486,651	454,897
Shareholders' funds		794,044	455,097

For the year ending 28 February 2015 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 6 November 2015

And signed on their behalf by:
M Wall, Director

NPP PROPERTIES LIMITED Registered Number 04168865

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents the value of all goods sold during
the period, less returns received, at selling price exclusive of Value Added Tax. Sales are
recognised at the point at which the company has fulfilled its contractual obligations and the
risks and rewards attaching to the product, such as obsolescence, have been transferred to the
customer.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:

Plant & Machinery - 25% reducing balance

Land is not depreciated.

Valuation information and policy
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Other accounting policies
Investment properties

Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its
reversal, on an individual investment property is expected to be permanent, in which case it is
recognised in the profit and loss account for the year.

This is in accordance with SSAP 19 which, unlike the Companies Act 2006, does not require
depreciation of investment properties. Investment properties are held for their investment
potential and not for use by the company and so their current value is of prime importance. The
departure from the provisions of the Act is required in order to give a true and fair view.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets

	£
Cost
At 1 March 2014	517,435
Additions	3,080
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	520,515
Depreciation
At 1 March 2014	10,475
Charge for the year	2,936
On disposals	-
At 28 February 2015	13,411
Net book values
At 28 February 2015	507,104
At 28 February 2014	506,960

In the directors opinion, the investment property values approximate to the current market value.

3Fixed assets Investments
The investment relates to a loan made to Natural Paving Products (UK) Limited.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
335 Ordinary shares of £1 each (200 shares for 2014)	335	200

During the year, 135 shares were issued at a premium of £2,274 per share.