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REGISTERED NUMBER: OC389629 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

NOVELLUS INVESTMENTS LLP

NOVELLUS INVESTMENTS LLP (REGISTERED NUMBER: OC389629)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NOVELLUS INVESTMENTS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: W P McManus
Novellus Capital Limited





REGISTERED OFFICE: T Bromley - Ground Floor
15 London Road
Bromley
Kent
BR1 1DE





REGISTERED NUMBER: OC389629 (England and Wales)





ACCOUNTANTS: Owadally & King
Chartered Certified Accountants
73 Park Lane
Croydon
Surrey
CR0 1JG

NOVELLUS INVESTMENTS LLP (REGISTERED NUMBER: OC389629)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 210 449
Investments 5 900 900
1,110 1,349

CURRENT ASSETS
Debtors 6 2,313,482 2,190,959
Investments 7 9,169,690 9,170,475
Cash at bank 198,412 319,832
11,681,584 11,681,266
CREDITORS
Amounts falling due within one year 8 1,579 1,500
NET CURRENT ASSETS 11,680,005 11,679,766
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

11,681,115

11,681,115

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 11,681,115 11,681,115
11,681,115 11,681,115

TOTAL MEMBERS' INTERESTS
Members' other interests 11,681,115 11,681,115
Amounts due from members 6 (2,206,344 ) (2,083,522 )
9,474,771 9,597,593

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

NOVELLUS INVESTMENTS LLP (REGISTERED NUMBER: OC389629)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20 November 2023 and were signed by:





W P McManus - Designated member

NOVELLUS INVESTMENTS LLP (REGISTERED NUMBER: OC389629)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Novellus Investments LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 958
DEPRECIATION
At 1 April 2022 509
Charge for year 239
At 31 March 2023 748
NET BOOK VALUE
At 31 March 2023 210
At 31 March 2022 449

NOVELLUS INVESTMENTS LLP (REGISTERED NUMBER: OC389629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 900
NET BOOK VALUE
At 31 March 2023 900
At 31 March 2022 900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,313,482 2,190,959

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Shares in group undertakings 9,169,690 9,170,475

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 579 500
Other creditors 1,000 1,000
1,579 1,500

9. RELATED PARTY DISCLOSURES

During the year under review, Novellus Investments LLP entered into transactions with entities that it controls by virtue of being a member. As at 31/03/2023, the balances were as follows;

Novellus (Burnham on Sea) LLP £951,344
Novellus (Canvey Island) LLP £1,344,026
Novellus (Horam) LLP £942,965
Novellus (Selsey) LLP £801
Novellus (Shinfield) LLP £41,079
Novellus (South Cerney) LLP £845,385
Novellus (Southbourne) LLP £899,485
Novellus (West Lavington) LLP £1,915,805
Novellus (Whyteleafe) LLP £2,228,801

10. ULTIMATE CONTROLLING PARTY

The controlling party is W P McManus.