N_P_Consultants_Limited - Accounts

The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

N P Consultants Limited is a private company limited by shares incorporated in England and Wales. The registered office is Devonshire House, 60 Goswell Road, London, EC1M 7AD.

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention modified to certain financial instruments at fair value. The principal accounting policies adopted are set out below.

These financial statements for the year ended 31 July 2017 are the first financial statements of N P Consultants Limited prepared in accordance with Section 1A of FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 August 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

Turnover from the provision of services is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown inclusive of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Interests in associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial instruments are measured at cost. The company has no other financial instruments or basic financial instruments measured at fair value.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The costs of short-term employee benefits are recognised as a liability and an expense.

The average monthly number of persons (including directors) employed by the company during the year was nil (2016: 1).

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

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company          Country of registration or          Shares held

incorporation              Class      %

Polbond Limited          England & Wales             Ordinary      40.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and Profit/(loss)

reserves for the year

2017      2017

Company         Principal activity             £ £

Polbond Limited         Property development          (1,965,730) (4,591)

Other debtors are stated after provisions for impairment of £644,456 (2016: £925,585).

The following amounts were outstanding at the reporting end date:

The company has a participating interest in Polbond Limited. At the balance sheet date, the company was owed an amount of £70,534 (2016: £70,534) by Polbond Limited. A provision has been made against the entire amount owed by Polbond Limited.

D C Peele was a director of Solar Power South Limited. At the balance sheet date, the company was owed an amount of £344,244 (2016: £344,244) by Solar Power South Limited. A provision has been made against the entire amount owed by Solar Power South Limited. The company was dissolved via compulsory strike off on 27 February 2018.

Dividends totalling £29,222 (2016 - £75,000) were paid in the year in respect of shares held by the company's directors.

The controlling party is D C Peele, by virtue of her 100% shareholding in the company.