1 August 2022 false No description of principal activity Taxfiler 2024.1 12734411business:PrivateLimitedCompanyLtd2022-08-012023-07-31 127344112022-07-31 127344112022-08-012023-07-31 12734411business:AuditExemptWithAccountantsReport2022-08-012023-07-31 12734411business:FilletedAccounts2022-08-012023-07-31 127344112023-07-31 127344112022-07-31 12734411core:WithinOneYear2023-07-31 12734411core:WithinOneYear2022-07-31 12734411core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12734411core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 12734411core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12734411core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 12734411core:PreviouslyStatedAmount2023-07-31 12734411core:PreviouslyStatedAmount2022-07-31 12734411business:SmallEntities2022-08-012023-07-31 12734411business:Director22022-08-012023-07-31 12734411countries:EnglandWales2022-08-012023-07-31 12734411business:RegisteredOffice2022-08-012023-07-31 12734411core:FurnitureFittings2022-08-012023-07-31 12734411core:FurnitureFittings2022-07-31 12734411core:FurnitureFittings2023-07-31 12734411business:OrdinaryShareClass12022-08-012023-07-31 12734411business:OrdinaryShareClass12021-08-012022-07-31 127344112021-08-012022-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12734411 (England and Wales)
Novastate Holdings Ltd Unaudited accounts for the year ended 31 July 2023
Novastate Holdings Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,194 
2,627 
Current assets
Debtors
1,605 
1,505 
Cash at bank and in hand
6,673 
17,096 
8,278 
18,601 
Creditors: amounts falling due within one year
(3,331)
(7,691)
Net current assets
4,947 
10,910 
Net assets
8,141 
13,537 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
8,041 
13,437 
Shareholders' funds
8,141 
13,537 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by
Matthew Archer Director Company Registration No. 12734411
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Novastate Holdings Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Novastate Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12734411. The registered office is 29 Finsbury Circus, London, EC2M 5QQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 August 2022
3,284 
Additions
1,365 
At 31 July 2023
4,649 
Depreciation
At 1 August 2022
657 
Charge for the year
798 
At 31 July 2023
1,455 
Net book value
At 31 July 2023
3,194 
At 31 July 2022
2,627 
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Novastate Holdings Ltd Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1,605 
1,505 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
1,791 
Other creditors
2,041 
4,925 
Accruals
1,290 
975 
3,331 
7,691 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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