2022-04-012023-03-312023-03-31false02428421NOVAHEATH LIMITED2023-09-2068209iso4217:GBPxbrli:pure024284212022-04-01024284212023-03-31024284212022-04-012023-03-31024284212021-04-01024284212022-03-31024284212021-04-012022-03-3102428421bus:SmallEntities2022-04-012023-03-3102428421bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3102428421bus:FullAccounts2022-04-012023-03-3102428421bus:PrivateLimitedCompanyLtd2022-04-012023-03-3102428421core:WithinOneYear2023-03-3102428421core:AfterOneYear2023-03-3102428421core:WithinOneYear2022-03-3102428421core:AfterOneYear2022-03-3102428421core:ShareCapital2023-03-3102428421core:SharePremium2023-03-3102428421core:RevaluationReserve2023-03-3102428421core:OtherReservesSubtotal2023-03-3102428421core:RetainedEarningsAccumulatedLosses2023-03-3102428421core:ShareCapital2022-03-3102428421core:SharePremium2022-03-3102428421core:RevaluationReserve2022-03-3102428421core:OtherReservesSubtotal2022-03-3102428421core:RetainedEarningsAccumulatedLosses2022-03-3102428421core:LandBuildings2023-03-3102428421core:PlantMachinery2023-03-3102428421core:Vehicles2023-03-3102428421core:FurnitureFittings2023-03-3102428421core:OfficeEquipment2023-03-3102428421core:NetGoodwill2023-03-3102428421core:IntangibleAssetsOtherThanGoodwill2023-03-3102428421core:ListedExchangeTraded2023-03-3102428421core:UnlistedNon-exchangeTraded2023-03-3102428421core:LandBuildings2022-03-3102428421core:PlantMachinery2022-03-3102428421core:Vehicles2022-03-3102428421core:FurnitureFittings2022-03-3102428421core:OfficeEquipment2022-03-3102428421core:NetGoodwill2022-03-3102428421core:IntangibleAssetsOtherThanGoodwill2022-03-3102428421core:ListedExchangeTraded2022-03-3102428421core:UnlistedNon-exchangeTraded2022-03-3102428421core:LandBuildings2022-04-012023-03-3102428421core:PlantMachinery2022-04-012023-03-3102428421core:Vehicles2022-04-012023-03-3102428421core:FurnitureFittings2022-04-012023-03-3102428421core:OfficeEquipment2022-04-012023-03-3102428421core:NetGoodwill2022-04-012023-03-3102428421core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3102428421core:ListedExchangeTraded2022-04-012023-03-3102428421core:UnlistedNon-exchangeTraded2022-04-012023-03-3102428421core:MoreThanFiveYears2022-04-012023-03-3102428421core:Non-currentFinancialInstruments2023-03-3102428421core:Non-currentFinancialInstruments2022-03-3102428421dpl:CostSales2022-04-012023-03-3102428421dpl:DistributionCosts2022-04-012023-03-3102428421dpl:AdministrativeExpenses2022-04-012023-03-3102428421core:LandBuildings2022-04-012023-03-3102428421core:PlantMachinery2022-04-012023-03-3102428421core:Vehicles2022-04-012023-03-3102428421core:FurnitureFittings2022-04-012023-03-3102428421core:OfficeEquipment2022-04-012023-03-3102428421core:NetGoodwill2022-04-012023-03-3102428421core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3102428421dpl:GroupUndertakings2022-04-012023-03-3102428421dpl:ParticipatingInterests2022-04-012023-03-3102428421dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3102428421core:ListedExchangeTraded2022-04-012023-03-3102428421dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3102428421core:UnlistedNon-exchangeTraded2022-04-012023-03-3102428421dpl:CostSales2021-04-012022-03-3102428421dpl:DistributionCosts2021-04-012022-03-3102428421dpl:AdministrativeExpenses2021-04-012022-03-3102428421core:LandBuildings2021-04-012022-03-3102428421core:PlantMachinery2021-04-012022-03-3102428421core:Vehicles2021-04-012022-03-3102428421core:FurnitureFittings2021-04-012022-03-3102428421core:OfficeEquipment2021-04-012022-03-3102428421core:NetGoodwill2021-04-012022-03-3102428421core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3102428421dpl:GroupUndertakings2021-04-012022-03-3102428421dpl:ParticipatingInterests2021-04-012022-03-3102428421dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3102428421core:ListedExchangeTraded2021-04-012022-03-3102428421dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3102428421core:UnlistedNon-exchangeTraded2021-04-012022-03-3102428421core:NetGoodwill2023-03-3102428421core:IntangibleAssetsOtherThanGoodwill2023-03-3102428421core:LandBuildings2023-03-3102428421core:PlantMachinery2023-03-3102428421core:Vehicles2023-03-3102428421core:FurnitureFittings2023-03-3102428421core:OfficeEquipment2023-03-3102428421core:AfterOneYear2023-03-3102428421core:WithinOneYear2023-03-3102428421core:ListedExchangeTraded2023-03-3102428421core:UnlistedNon-exchangeTraded2023-03-3102428421core:ShareCapital2023-03-3102428421core:SharePremium2023-03-3102428421core:RevaluationReserve2023-03-3102428421core:OtherReservesSubtotal2023-03-3102428421core:RetainedEarningsAccumulatedLosses2023-03-3102428421core:NetGoodwill2022-03-3102428421core:IntangibleAssetsOtherThanGoodwill2022-03-3102428421core:LandBuildings2022-03-3102428421core:PlantMachinery2022-03-3102428421core:Vehicles2022-03-3102428421core:FurnitureFittings2022-03-3102428421core:OfficeEquipment2022-03-3102428421core:AfterOneYear2022-03-3102428421core:WithinOneYear2022-03-3102428421core:ListedExchangeTraded2022-03-3102428421core:UnlistedNon-exchangeTraded2022-03-3102428421core:ShareCapital2022-03-3102428421core:SharePremium2022-03-3102428421core:RevaluationReserve2022-03-3102428421core:OtherReservesSubtotal2022-03-3102428421core:RetainedEarningsAccumulatedLosses2022-03-3102428421core:NetGoodwill2021-04-0102428421core:IntangibleAssetsOtherThanGoodwill2021-04-0102428421core:LandBuildings2021-04-0102428421core:PlantMachinery2021-04-0102428421core:Vehicles2021-04-0102428421core:FurnitureFittings2021-04-0102428421core:OfficeEquipment2021-04-0102428421core:AfterOneYear2021-04-0102428421core:WithinOneYear2021-04-0102428421core:ListedExchangeTraded2021-04-0102428421core:UnlistedNon-exchangeTraded2021-04-0102428421core:ShareCapital2021-04-0102428421core:SharePremium2021-04-0102428421core:RevaluationReserve2021-04-0102428421core:OtherReservesSubtotal2021-04-0102428421core:RetainedEarningsAccumulatedLosses2021-04-0102428421core:AfterOneYear2022-04-012023-03-3102428421core:WithinOneYear2022-04-012023-03-3102428421core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3102428421core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3102428421core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3102428421core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3102428421core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3102428421core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3102428421core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3102428421core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3102428421core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3102428421core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3102428421core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3102428421core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3102428421core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3102428421core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3102428421core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3102428421core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3102428421core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3102428421core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3102428421core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3102428421core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3102428421core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3102428421core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3102428421core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3102428421core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3102428421core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3102428421core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3102428421core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3102428421bus:Director12022-04-012023-03-31

NOVAHEATH LIMITED

Registered Number
02428421
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

NOVAHEATH LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

WALSH, Seamus

Registered Address

71 The Orchard
Winchmore Hill
N21 2DJ

Registered Number

02428421 (England and Wales)
NOVAHEATH LIMITED
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets53,355,0003,355,000
3,355,0003,355,000
Current assets
Debtors7311,827286,091
Cash at bank and on hand982,0921,031,124
1,293,9191,317,215
Creditors amounts falling due within one year8(357,724)(422,787)
Net current assets (liabilities)936,195894,428
Total assets less current liabilities4,291,1954,249,428
Net assets4,291,1954,249,428
Capital and reserves
Called up share capital300300
Revaluation reserve2,600,8032,600,803
Profit and loss account1,690,0921,648,325
Shareholders' funds4,291,1954,249,428
The financial statements were approved and authorised for issue by the Director on 20 September 2023, and are signed on its behalf by:
WALSH, Seamus
Director
Registered Company No. 02428421
NOVAHEATH LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to it's fair value at each reporting date and any changes in fair value are recognised in profit and loss.
4.Employee information

20232022
Average number of employees during the year00
5.Property, plant and equipment

Land & buildings

Total

££
Cost or valuation
At 01 April 223,355,0003,355,000
At 31 March 233,355,0003,355,000
Net book value
At 31 March 233,355,0003,355,000
At 31 March 223,355,0003,355,000
6.Guarantees and their terms, directors
The company was under the control of it's director throughout the current and previous year. The balance due to the director was £119, (2022 : £119).
7.Debtors

2023

2022

££
Trade debtors / trade receivables254,952229,216
Prepayments and accrued income56,87556,875
Total311,827286,091
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables159,230159,230
Taxation and social security30,90819,619
Other creditors119119
Accrued liabilities and deferred income167,467243,819
Total357,724422,787
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.