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REGISTERED NUMBER: 06946852 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

NAVMII UK LTD

NAVMII UK LTD (REGISTERED NUMBER: 06946852)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NAVMII UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: P M Atalla
A C Ashby-Gittins





REGISTERED OFFICE: Suite 208 Cumberland House
35 Park Row
Nottingham
Nottinghamshire
NG1 6EE





REGISTERED NUMBER: 06946852 (England and Wales)





ACCOUNTANTS: ESW Chartered Accountants
162-164 High Street
Rayleigh
Essex
SS6 7BS

NAVMII UK LTD (REGISTERED NUMBER: 06946852)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 79,972 159,128
Tangible assets 5 2,694 2,470
82,666 161,598

CURRENT ASSETS
Debtors 6 3,345,722 3,066,564
Cash at bank and in hand 11,208 69,982
3,356,930 3,136,546
CREDITORS
Amounts falling due within one year 7 (393,535 ) (273,219 )
NET CURRENT ASSETS 2,963,395 2,863,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,046,061

3,024,925

CREDITORS
Amounts falling due after more than one
year

8

(76,000

)

(124,000

)
NET ASSETS 2,970,061 2,900,925

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,970,060 2,900,924
SHAREHOLDERS' FUNDS 2,970,061 2,900,925

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

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

The directors acknowledge their 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.

NAVMII UK LTD (REGISTERED NUMBER: 06946852)

BALANCE SHEET - continued
31ST OCTOBER 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 Board of Directors and authorised for issue on 24th July 2024 and were signed on its behalf by:





P M Atalla - Director


NAVMII UK LTD (REGISTERED NUMBER: 06946852)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Navmii Uk Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

NAVMII UK LTD (REGISTERED NUMBER: 06946852)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st November 2022
and 31st October 2023 395,777
AMORTISATION
At 1st November 2022 236,649
Charge for year 79,156
At 31st October 2023 315,805
NET BOOK VALUE
At 31st October 2023 79,972
At 31st October 2022 159,128

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 3,585
Additions 1,493
At 31st October 2023 5,078
DEPRECIATION
At 1st November 2022 1,115
Charge for year 1,269
At 31st October 2023 2,384
NET BOOK VALUE
At 31st October 2023 2,694
At 31st October 2022 2,470

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 10,000 13,621

Amounts falling due after more than one year:
Amounts owed by group undertakings 3,335,722 3,052,943

Aggregate amounts 3,345,722 3,066,564

NAVMII UK LTD (REGISTERED NUMBER: 06946852)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 48,040 48,000
Trade creditors 18,971 129,482
Amounts owed to group undertakings 84,211 86,601
Other creditors 242,313 9,136
393,535 273,219

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 76,000 124,000