Company Registration No. 05870767 (England and Wales)
Neptune Property Developments Europe Limited
Unaudited accounts
for the year ended 31 December 2019
Neptune Property Developments Europe Limited
Unaudited accounts
Contents
Neptune Property Developments Europe Limited
Company Information
for the year ended 31 December 2019
Directors
Creighton Boyd
Patrick Heffron
Company Number
05870767 (England and Wales)
Registered Office
14 HOLYWELL ROW
LONDON
EC2A 4JB
Accountants
PGR Chartered Accountants
Unit 2 Channel Wharf
21 Old Channel Road
Belfast
Antrim
BT3 9DE
Neptune Property Developments Europe Limited
Statement of financial position
as at 31 December 2019
Creditors: amounts falling due within one year
(135,511)
(135,271)
Net current assets
379,178
379,418
Total assets less current liabilities
383,378
383,618
Creditors: amounts falling due after more than one year
(455,934)
(455,934)
Net liabilities
(72,556)
(72,316)
Called up share capital
100
100
Profit and loss account
(72,656)
(72,416)
Shareholders' funds
(72,556)
(72,316)
For the year ending 31 December 2019 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 May 2020.
Patrick Heffron
Director
Company Registration No. 05870767
Neptune Property Developments Europe Limited
Notes to the Accounts
for the year ended 31 December 2019
Neptune Property Developments Europe Limited is a private company, limited by shares, registered in England and Wales, registration number 05870767. The registered office is 14 HOLYWELL ROW, LONDON, EC2A 4JB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
Taxation and Deferred Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
The ordinary share capital of the company is presented as equity.
4
Investments
Other investments
Valuation at 1 January 2019
4,200
Valuation at 31 December 2019
4,200
Neptune Property Developments Europe Limited
Notes to the Accounts
for the year ended 31 December 2019
Amounts due from group undertakings etc.
31,481
31,481
Other debtors
483,208
483,208
6
Creditors: amounts falling due within one year
2019
2018
Amounts owed to group undertakings and other participating interests
134,791
134,791
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Creditors: amounts falling due after more than one year
2019
2018
Other creditors
455,934
455,934
8
Transactions with related parties
Included within debtors are amounts due from a related party in which the company has a participating interest of £31,481 (2018: £31,481).
Included within creditors are amounts due to other related parties of £452,265 (2018: £452,265).
All amounts are repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2018: 0).
