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NGP Management Company Residential (Cell C) Limited
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Balance sheet
As at
31 December 2019
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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1
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NGP Management Company Residential (Cell C) Limited
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Balance sheet
(continued)
As at
31 December 2019
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
18 December 2020
.
Registered number:
08570983
The notes on pages 3 to 4 form part of these financial statements.
2
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NGP Management Company Residential (Cell C) Limited
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Notes to the financial statements
For the Year Ended 31 December 2019
The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The registered office is 3rd Floor, Citygate, St James' Boulevard, Newcastle Upon Tyne, NE1 4JE.
2.
Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
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The following principal accounting policies have been applied:
In light of recent global events which persist at the date of approval of these financial statements, the directors have also taken measures to counter the potential impact of Covid-19 on the company’s operations and the resultant financial impact. Contingency plans have been implemented to mitigate the risk to the business. Whilst the risks in this regard cannot be completely mitigated and therefore some level of future uncertainty remains, the directors have adopted measures and assessed the financial implications of associated factors outside their control and do not consider the residual uncertainties to be material to the company’s ability to continue meeting its liabilities as they fall due in the foreseeable future.
Turnover comprises revenue recognised by the company in respect of services rendered during the year, exclusive of Value Added Tax.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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The average monthly number of employees, including directors, during the year was
2
(2018 -
2
)
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Called up share capital not paid
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Prepayments and accrued income
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3
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NGP Management Company Residential (Cell C) Limited
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Notes to the financial statements
For the Year Ended 31 December 2019
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Creditors: Amounts falling due within one year
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Related party transactions
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Included within other debtors is £6,026 (2018: £6,026) due from Persimmon Homes Limited. This loan is interest free and repayable on demand.
Included within other creditors is £130,889 (2018: £130,013) owed to Newcastle Great Park (Estates) Limited. This amount is interest free and repayable on demand.
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NGP Management Company Residential (Cell C) Limited's share capital is wholy owned by Persimmon Homes Limited t/a Persimmon Homes North East.
4
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