NPD Project Management Limited iXBRL

NPD Project Management Limited iXBRL

NPD PROJECT MANAGEMENT LIMITED - Company Information

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Relate AccountsProduction v2.1.12 v2.1.12 2016-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of property development. 29 September 2017 05717097 2016-12-31 05717097 2015-12-31 05717097 2014-12-31 05717097 2016-01-01 2016-12-31 05717097 2015-01-01 2015-12-31 05717097 uk-bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 05717097 uk-bus:FullAccounts 2016-01-01 2016-12-31 05717097 uk-bus:Director1 2016-01-01 2016-12-31 05717097 uk-bus:CompanySecretaryDirector1 2016-01-01 2016-12-31 05717097 uk-bus:CompanySecretary1 2016-01-01 2016-12-31 05717097 uk-bus:RegisteredOffice 2016-01-01 2016-12-31 05717097 uk-bus:Agent1 2016-01-01 2016-12-31 05717097 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 05717097 uk-core:RetainedEarningsAccumulatedLosses 2015-12-31 05717097 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2016-12-31 05717097 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2015-12-31 05717097 uk-bus:FRS102 2016-01-01 2016-12-31 05717097 uk-core:CurrentFinancialInstruments 2016-12-31 05717097 uk-core:CurrentFinancialInstruments 2015-12-31 05717097 uk-core:WithinOneYear 2016-12-31 05717097 uk-core:WithinOneYear 2015-12-31 05717097 uk-core:AfterOneYear 2016-12-31 05717097 uk-core:AfterOneYear 2015-12-31 05717097 2016-01-01 2016-12-31 05717097 uk-bus:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
NPD Project Management Limited
 
Unaudited Financial Statements
 
for the year ended 31 December 2016
NPD Project Management Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Patrick Heffron
Creighton Boyd
 
 
Company Secretary Creighton Boyd
 
 
Company Number 05717097
 
 
Registered Office and Business Address 14 Holywell Row
London
EC2A 4JB
United Kingdom
 
 
Accountants PGR Accountants Limited
Chartered Accountants
Unit 2 Channel Wharf
21 Old Channel Road
Belfast
Co. Antrim
BT3 9DE
Northern Ireland
 
 
Bankers Barclays Plc
  Leicester
  LE87 2BB
  United Kingdom



NPD Project Management Limited
Company Number: 05717097
BALANCE SHEET
as at 31 December 2016

2016 2015
Notes £ £
 
Current Assets
Debtors 4 214,062 2,327,967
Cash and cash equivalents 105 5
───────── ─────────
214,167 2,327,972
───────── ─────────
Creditors: Amounts falling due within one year 5 (209,983) (8,803)
───────── ─────────
Net Current Assets 4,184 2,319,169
───────── ─────────
Total Assets less Current Liabilities 4,184 2,319,169
 
Creditors
Amounts falling due after more than one year 6 - (2,299,986)
───────── ─────────
Net Assets 4,184 19,183
═════════ ═════════
Capital and Reserves
Profit and Loss Account 4,184 19,183
───────── ─────────
Equity attributable to owners of the company 4,184 19,183
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 29 September 2017 and signed on its behalf by
           
________________________________          
Patrick Heffron          
Director          



NPD Project Management Limited
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2016

   
1. GENERAL INFORMATION
 
NPD Project Management Limited is a company limited by shares incorporated in United Kingdom. 14 Holywell Row, London, EC2A 4JB, United Kingdom is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. ACCOUNTING POLICIES
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2016 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation
The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Cash flow statement
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
Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax.
 
Trust
The Company has created a trust whose beneficiaries will include employees of the Company and their dependents. Assets held under this trust will be controlled by trustees who will be acting independently and entirely at their own discretion.

Where assets are held in the trust and these are considered by the Company to be in respect of services already provided by employees to the Company, the Company will account for these as assets of the trust when payment is made to the trust. The value transferred will be charged in the company's profit and loss account for the year to which it relates.
 
Trade and other debtors
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
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.
 
   
3. ADOPTION OF FRS 102 SECTION 1A
 
This is the first set of financial statements prepared by NPD Project Management Limited in accordance with accounting standards issued by the Financial Reporting Council, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). The company transitioned from previously extant Irish and UK GAAP to FRS 102 Section 1A as at 1 January 2015.
       
4. DEBTORS 2016 2015
  £ £
 
Trade debtors 114,062 382,447
Other debtors 100,000 1,940,578
Taxation  (Note 7) - 4,942
  ───────── ─────────
  214,062 2,327,967
  ═════════ ═════════
       
5. CREDITORS 2016 2015
Amounts falling due within one year £ £
 
Trade creditors 600 7,653
Taxation  (Note 7) 789 300
Other creditors 208,594 850
  ───────── ─────────
  209,983 8,803
  ═════════ ═════════
       
6. CREDITORS 2016 2015
Amounts falling due after more than one year £ £
 
Directors' loan accounts - 2,299,986
  ═════════ ═════════
 
       
7. TAXATION 2016 2015
  £ £
 
Debtors:
VAT - 4,942
  ═════════ ═════════
Creditors:
VAT 489 -
Corporation tax 300 300
  ───────── ─────────
  789 300
  ═════════ ═════════
       
8. CAPITAL COMMITMENTS
 
The company had no material capital commitments at the year-ended 31 December 2016.
   
9. CONTINGENT LIABILITIES
 
At the balance sheet date, HMRC were conducting an enquiry into certain tax returns filed by the company in earlier years. The directors continue to believe that all returns were filed correctly in the periods under enquiry. The outcome of this ongoing enquiry is uncertain and the directors are unable to make an assessment of the amount or timing of any potential liability. The directors note the company has limited resources with which to pay any additional tax assessments.
   
10. POST-BALANCE SHEET EVENTS
 
There have been no significant events affecting the company since the year-end.
       
11. RELATED PARTY TRANSACTIONS
 
Included in other creditors is £207,245 (2015:£NIL) due to other related parties.

Included in trade debtors, other related parties owes NPD Project Management Limited £114,062 at the year-end.

All balances above are repayable on demand.