NBC Property Master Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10089380 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

NBC Property Master Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

J R De Jesus

J S E Dent

R A Giles

D M Ham

C J Little

S Newman

A C Stewart

REGISTERED OFFICE:

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

REGISTERED NUMBER:

10089380 (England and Wales)

ACCOUNTANTS:

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

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 Directors' Report 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 NBC Property Master Limited for the year ended

31 March 2018 which comprise the Profit and Loss account, 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 NBC Property Master Limited, 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 NBC Property Master Limited and state those matters that we have agreed to state to the Board of Directors of NBC Property Master Limited, 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 NBC Property Master Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that NBC Property Master Limited 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 loss of NBC Property Master Limited. You consider that NBC Property Master Limited 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 NBC Property Master Limited. 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.

Wilkes Tranter & Co Limited

Brook House

Moss Grove

Kingswinford

West Midlands

DY6 9HS

26 June 2018

FIXED ASSETS

Intangible assets

4

302,239

144,866

Tangible assets

5

8,339

1,400

310,578

146,266

CURRENT ASSETS

Debtors

6

112,924

44,113

Cash at bank

27,976

99,288

140,900

143,401

CREDITORS

Amounts falling due within one year

7

(94,731

)

(10,082

)

NET CURRENT ASSETS

46,169

133,319

TOTAL ASSETS LESS CURRENT LIABILITIES

356,747

279,585

CAPITAL AND RESERVES

Called up share capital

38

27

Share premium

715,122

265,928

Retained earnings

(358,413

)

13,630

356,747

279,585

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors on 26 June 2018 and were signed on its behalf by:

A C Stewart - Director

1.	STATUTORY INFORMATION

NBC Property Master Limited 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.

Turnover

Procuration fee revenue is recognised when mortgages are completed. Revenue for other

services is recognised when invoiced.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and

Loss account, 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 10 (2017 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 April 2017

160,962

Additions

210,629

At 31 March 2018

371,591

AMORTISATION

At 1 April 2017

16,096

Amortisation for year

53,256

At 31 March 2018

69,352

NET BOOK VALUE

At 31 March 2018

302,239

At 31 March 2017

144,866

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2017

1,514

Additions

8,410

At 31 March 2018

9,924

DEPRECIATION

At 1 April 2017

114

Charge for year

1,471

At 31 March 2018

1,585

NET BOOK VALUE

At 31 March 2018

8,339

At 31 March 2017

1,400

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

6,595

-

Other debtors

106,329

44,113

112,924

44,113

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

52,068

2,182

Taxation and social security

11,940

-

Other creditors

30,723

7,900

94,731

10,082

8.	RELATED PARTY DISCLOSURES

During the year NBC Property Master Limited received services from e-Solutions Software

Limited in the amount of £16,730 (2017 - £36,800). The amount outstanding at the year end

and included in trade creditors was £120 (2017 - £120). A C Stewart is a director of

e-Solutions Software Limited.

During the year NBC Property Master Limited received services from Secure Solutions UK

Limited in the amount of £87,000 (2017 - £20,000). The amount outstanding at the the year

end and included in trade creditors was £8,000 (2017 - £0). A C Stewart is a director of

Secure Solutions Limited.

During the year NBC Property Master Limited received services from B G Mortgage &

Finance Limited in the amount of £48,000 (2017 - £4,000). The amount outstanding at the

year end and included in trade creditors was £4,000 (2017 - £0). R A Giles is a director of B

G Mortgage & Finance Limited.

During the year NBC Property Master Limited received services from Newman Associates

Limited in the amount of £5,000 (2017 - £0). The amount outstanding at the year end was £0

(2017 - £0). S Newman is a director of Newman Associates Limited.

During the year NBC Property Master Limited received services from A C Stewart in the

amount of £1,002 (2017 - £0). The amount outstanding at the year end was £0 (2017 - £0).

During the year NBC Property Master Limited received services from C J Little in the amount

of £32,359 (2017 - £0). The amount outstanding at the year end was £0 (2017 - £0).

During the year NBC Property Master Limited received services from S Newman in the

amount of £250 (2017 - £0). The amount outstanding at the year end was £0 (2017 - £0).

During the year NBC Property Master Limited received services from Beyond Curiosity

Limited in the amount of £18,000 (2017 - £0). The amount outstanding at the year end and

included in trade creditors was £12,000 (2017 - £0). C J Little is a director of Beyond

Curiosity Limited.

During the year NBC Property Master Limited received services from J Price in the amount

of £28,500 (2017 - £0). The amount outstanding at the year end was £0 (2017 - £0). J Price

is the spouse of C J Little.