Nalpeiron Limited - Period Ending 2015-12-31

Registration number: 02622839

Nalpeiron Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Nalpeiron Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Nalpeiron Limited
(Registration number: 02622839)
Abbreviated Balance Sheet at 31 December 2015

		Note			31 December 2015 £			31 December 2014 £
Fixed assets
Tangible fixed assets					4,688			4,104
Investments					1			1
					4,689			4,105
Current assets
Debtors					335,763			123,634
Cash at bank and in hand					74,880			232,637
					410,643			356,271
Creditors: Amounts falling due within one year					(37,715)			(49,160)
Net current assets					372,928			307,111
Net assets					377,617			311,216
Capital and reserves
Called up share capital		3			3,559			3,559
Share premium account					1,552,415			1,552,415
Profit and loss account					(1,178,357)			(1,244,758)
Shareholders' funds					377,617			311,216

For the year ending 31 December 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 31 May 2016 and signed on its behalf by:

.........................................
J S Gillespie-Brown
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Nalpeiron Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	10% straight line

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Nalpeiron Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 January 2015		5,118			1			5,119
Additions		1,127			-			1,127
At 31 December 2015		6,245			1			6,246
Depreciation
At 1 January 2015		1,014			-			1,014
Charge for the year		543			-			543
At 31 December 2015		1,557			-			1,557
Net book value
At 31 December 2015		4,688			1			4,689
At 31 December 2014		4,104			1			4,105

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held
Subsidiary undertakings
Nalpeiron Inc	USA	Ordinary £1	100%

3	Share capital

Allotted, called up and fully paid shares

	31 December 2015						31 December 2014
		No.			£			No.			£
Ordinary shares of £1 each		3,559			3,559			3,559			3,559

Page 3

Nalpeiron Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015

4	Related party transactions

During the year the following transactions were made with directors

	J S Gillespie Brown Opening balance as at 1 January 2015 1,364 Advances and credits made during the year 350 Amounts repaid - Amounts Outstanding 1,714

The maximum amounts outstanding during the year were £1,714 from the director J S Gillespie-Brown.

5

Control

The company is controlled by the directors J S Gillespie-Brown and H A Roberts, by virtue of their interest of 38.1% and 22.3% respectively in the ordinary share capital of the company.

Page 4