Abbreviated Company Accounts - NALPEIRON LIMITED

02622839 NALPEIRON LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 02622839 2013-04-01 2014-03-31 02622839 2014-03-31 02622839 2013-03-31 02622839 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 02622839 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:Director3 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 02622839

NALPEIRON LIMITED

Abbreviated Accounts

31 March 2014

NALPEIRON LIMITED Registered Number 02622839

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	3,140	2,215
Investments	3	1	1
		3,141	2,216
Current assets
Stocks		-	-
Debtors		285,665	348,920
Investments		-	-
Cash at bank and in hand		30,168	9,467
		315,833	358,387
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(47,742)	(46,745)
Net current assets (liabilities)		268,091	311,642
Total assets less current liabilities		271,232	313,858
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		271,232	313,858
Capital and reserves
Called up share capital	4	3,559	3,559
Share premium account		1,552,415	1,552,415
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(1,284,742)	(1,242,116)
Shareholders' funds		271,232	313,858

For the year ending 31 March 2014 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 19 December 2014

And signed on their behalf by:
J S Gillespie-Brown, Director

NALPEIRON LIMITED Registered Number 02622839

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 April 2008).

The company is the parent company of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings - 10% straight line

Other accounting policies
Investments

Investments held as fixed assets are shown at cost less provision for impairment.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 April 2013	2,508
Additions	1,216
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2014	3,724
Depreciation
At 1 April 2013	293
Charge for the year	291
On disposals	0
At 31 March 2014	584
Net book values
At 31 March 2014	3,140
At 31 March 2013	2,215

3Fixed assets Investments
At Cost £1 as at 1 April 2013 and 31 March 2014.

The following were subsidiary undertakings of the company:
Name: Nalpeiron Inc. (Incorporated in USA).
Class of Shares: Ordinary £1.
Holding: 100%.

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

	2014 £	2013 £
3,559 Ordinary shares of £1 each	3,559	3,559

5Transactions with directors

Name of director receiving advance or credit:	J S Gillespie-Brown
Description of the transaction:	All
Balance at 1 April 2013:	£ 444
Advances or credits made:	£ 170
Advances or credits repaid:	£ 0
Balance at 31 March 2014:	£ 614

Related Party Transactions

During the year the company charged marketing and other costs of £111,919 (2013: £158,658) to its subsidiary undertaking Nalpeiron Inc. At the balance sheet date the amount due from Nalpeiron Inc. amounted to £284,724 (2013: £308,466) and is included within debtors.

Controlling Party

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