NRPG (F & V) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08783695 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018

FOR

NRPG (F & V) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

Mr S B Adams

Mr A D Gordon

REGISTERED OFFICE:

24 Park Road South

Havant

Hampshire

PO9 1HB

REGISTERED NUMBER:

08783695 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

24 Park Road South

Havant

Hampshire

PO9 1HB

FIXED ASSETS

Investments

4

1

CURRENT ASSETS

Debtors

5

4,490,789

4,419,170

Cash at bank

482

41,247

4,491,271

4,460,417

CREDITORS

Amounts falling due within one year

6

3,718,972

3,833,079

NET CURRENT ASSETS

772,299

627,338

TOTAL ASSETS LESS CURRENT
LIABILITIES

772,300

627,339

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

772,299

627,338

SHAREHOLDERS' FUNDS

772,300

627,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 24th December 2018 and were signed on its
behalf by:

Mr S B Adams - Director

1.	STATUTORY INFORMATION

NRPG (F & V) Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is Pound Sterling (£) and is rounded to the nearest Pound

(£).

Preparation of consolidated financial statements

The financial statements contain information about NRPG (F & V) Ltd as an individual company and do not

contain consolidated financial information as the parent of a group. The company is exempt under Section

399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with other wholly owned subsidiaries within the group.

Significant judgements and estimates

The preparation of financial statements requires the use of judgements, estimates and assumptions that affect

the reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses

during the reporting period. These judgements, estimates and assumptions are based on management's

historical experience, knowledge and other factors including expectations of future events or actions that are

believed to be reasonable under the circumstances. Actual results may differ from those amounts estimated.

In preparing these financial statements, management do not believe that they have made any critical

judgements in applying the company's accounting policies.

The following are estimates and assumptions that have a significant risk of causing a material adjustment to the

carrying amounts of assets and liabilities within the next financial year:

Amounts recoverable on contracts. As the directors consider that all contracts undertaken are long-term in

nature, income is recognised as those contracts progress. Estimates are required when considering the degree

of completion, expected margins on contracts and any provisions for foreseeable losses. Management base

these estimates on all information available, including both financial and operational data.

Revenue recognition

Revenue represents income receivable in respect of long term contracts for the sale and development of land.

Income is recognised in accordance with the degree of completion of the contract, excluding value added tax

where applicable.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial instruments are recognised in line with Sections 11 and 12 of FRS 102.

Basic financial instruments, such as trade receivables and trade payables and amounts from/to group

undertakings are initially recognised at transaction price, unless they constitute a financing arrangement, when

the transaction is measured at the present value of the future receipts/payments discounted at a market rate of

interest. Such instruments are subsequently carried at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	FIXED ASSET INVESTMENTS

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade debtors

951,325

1,347,289

Amounts owed by group undertakings

2,741,668

2,584,169

Other debtors

797,796

487,712

4,490,789

4,419,170

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Payments on account

1,840,668

1,721,668

Trade creditors

1,003,038

1,560,884

Amounts owed to group undertakings

1

Taxation and social security

104,561

73,701

Other creditors

770,704

476,825

3,718,972

3,833,079

7.	RELATED PARTY DISCLOSURES

NRPG Management Ltd

An intermediate parent company

At the year end, the related party owes the company a total of £2,741,668 (2017: £2,584,171). No interest is

charged on this amount.

A management charge of £500,000 (2017: £360,000) was levied by NRPG Management Ltd during the year.

8.	GUARANTEES AND COMMITMENTS

The company entered into an agreement with a third party in 2016. NRPG Management Limited, the

intermediate parent company, is the guarantor on behalf of the company should it fall into default.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and

the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of NRPG (F & V) Ltd for the year ended 31st March 2018 which comprise the Statement of Income

and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of NRPG (F & V) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of NRPG (F & V) Ltd and state those matters that we have agreed to state to the Board of Directors of NRPG (F & V) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NRPG (F & V) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that NRPG (F & V) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of NRPG (F & V) Ltd. You consider that NRPG (F & V) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of NRPG (F & V) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothman Pantall LLP

Chartered Accountants

24 Park Road South

Havant

Hampshire

PO9 1HB

24th December 2018

NRPG (F & V) Ltd - Accounts to registrar (filleted) - small 18.2

NRPG (F & V) Ltd - Accounts to registrar (filleted) - small 18.2