IRIS Accounts Production v23.3.1.45 08597500 director 1.4.22 31.3.23 31.3.23 0 0 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085975002022-03-31085975002023-03-31085975002022-04-012023-03-31085975002021-03-31085975002021-04-012022-03-31085975002022-03-3108597500ns10:Originalns15:EnglandWales2022-04-012023-03-3108597500ns14:PoundSterlingns10:Original2022-04-012023-03-3108597500ns10:Originalns10:Director12022-04-012023-03-3108597500ns10:Original2022-04-012023-03-3108597500ns10:Original2023-03-3108597500ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108597500ns10:Originalns10:SmallEntities2022-04-012023-03-3108597500ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108597500ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108597500ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3108597500ns10:Originalns10:FullAccounts2022-04-012023-03-3108597500ns10:Original2021-04-012022-03-3108597500ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3108597500ns10:Originalns10:RegisteredOffice2022-04-012023-03-3108597500ns10:Original2022-03-3108597500ns10:Originalns5:CurrentFinancialInstruments2023-03-3108597500ns10:Originalns5:CurrentFinancialInstruments2022-03-3108597500ns5:ShareCapitalns10:Original2023-03-3108597500ns5:ShareCapitalns10:Original2022-03-3108597500ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3108597500ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3108597500ns10:Originalns5:PlantMachinery2022-04-012023-03-3108597500ns10:Originalns5:LandBuildings2022-03-3108597500ns10:Originalns5:PlantMachinery2022-03-3108597500ns10:Original2022-03-3108597500ns10:Originalns5:LandBuildings2022-04-012023-03-3108597500ns10:Originalns5:LandBuildings2023-03-3108597500ns10:Originalns5:PlantMachinery2023-03-3108597500ns10:Originalns5:LandBuildings2022-03-3108597500ns10:Originalns5:PlantMachinery2022-03-3108597500ns10:Originalns5:CostValuation2022-03-3108597500ns10:Originalns5:AdditionsToInvestments2023-03-3108597500ns10:Originalns5:CostValuation2023-03-3108597500ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108597500ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3108597500ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 08597500 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

NOVELLUS CAPITAL LIMITED

NOVELLUS CAPITAL LIMITED (REGISTERED NUMBER: 08597500)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NOVELLUS CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: W P McManus





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





REGISTERED NUMBER: 08597500 (England and Wales)





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

NOVELLUS CAPITAL LIMITED (REGISTERED NUMBER: 08597500)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 447,214 308,114
Investments 5 205 155
447,419 308,269

CURRENT ASSETS
Debtors 6 5,041,350 5,088,360
Investments 7 9,474,771 9,597,593
Cash at bank 186,058 1,338,257
14,702,179 16,024,210
CREDITORS
Amounts falling due within one year 8 19,731,995 19,997,329
NET CURRENT LIABILITIES (5,029,816 ) (3,973,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,582,397

)

(3,664,850

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (4,582,497 ) (3,664,950 )
SHAREHOLDERS' FUNDS (4,582,397 ) (3,664,850 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NOVELLUS CAPITAL LIMITED (REGISTERED NUMBER: 08597500)

BALANCE SHEET - continued
31 MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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





W P McManus - Director


NOVELLUS CAPITAL LIMITED (REGISTERED NUMBER: 08597500)

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


1. STATUTORY INFORMATION

Novellus Capital 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 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 Companies Act 2006. 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.
Plant and machinery etc - 25% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

NOVELLUS CAPITAL LIMITED (REGISTERED NUMBER: 08597500)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 262,293 136,701 398,994
Additions 184,376 31,910 216,286
At 31 March 2023 446,669 168,611 615,280
DEPRECIATION
At 1 April 2022 26,229 64,651 90,880
Charge for year 44,667 32,519 77,186
At 31 March 2023 70,896 97,170 168,066
NET BOOK VALUE
At 31 March 2023 375,773 71,441 447,214
At 31 March 2022 236,064 72,050 308,114

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022 155
Additions 50
At 31 March 2023 205
NET BOOK VALUE
At 31 March 2023 205
At 31 March 2022 155

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 4,845,376 4,795,859
Other debtors 195,974 292,501
5,041,350 5,088,360

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Investment in group undertakings 9,474,771 9,597,593

NOVELLUS CAPITAL LIMITED (REGISTERED NUMBER: 08597500)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,280 3,858
Other creditors 19,718,715 19,993,471
19,731,995 19,997,329

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares 1 100 100

10. RELATED PARTY DISCLOSURES

The balance as at the year between Novellus Capital Limited and its subsidiaries is as follows:

Chapel Street Petersfield Ltd owes Novellus Capital Limited £794,930.

Station Approach (Sanderstead) Ltd owes Novellus Capital Limited £2,802,675

Upton Poole Ltd owes Novellus Capital Limited £1,247,771.

11. ULTIMATE CONTROLLING PARTY

The controlling party is W P McManus.

12. GOING CONCERN

The accounts have been prepared on the going concern basis, on the understanding that the creditor will keep on supporting the company and will not ask for the discounted loan note back earlier than agreed.