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REGISTERED NUMBER: 08727411 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Nova (Kent) Limited

Nova (Kent) Limited (Registered number: 08727411)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nova (Kent) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M S White
Mrs N F White





REGISTERED OFFICE: Mindora Heights
Mill Lane
Harbledown
Canterbury
Kent
CT2 8NG





REGISTERED NUMBER: 08727411 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

Nova (Kent) Limited (Registered number: 08727411)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 56,907 57,377
Tangible assets 5 430 645
57,337 58,022

CURRENT ASSETS
Stocks 1,002,238 1,288,591
Debtors 6 326,475 241,748
Cash at bank 1,501,629 128,179
2,830,342 1,658,518
CREDITORS
Amounts falling due within one year 7 3,235,936 3,235,812
NET CURRENT LIABILITIES (405,594 ) (1,577,294 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(348,257

)

(1,519,272

)

PROVISIONS FOR LIABILITIES 82 33
NET LIABILITIES (348,339 ) (1,519,305 )

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings (348,349 ) (1,519,315 )
SHAREHOLDERS' FUNDS (348,339 ) (1,519,305 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Nova (Kent) Limited (Registered number: 08727411)

Balance Sheet - continued
30 June 2024


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 22 July 2024 and were signed on its behalf by:





Mrs N F White - Director


Nova (Kent) Limited (Registered number: 08727411)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Nova (Kent) 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.

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

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Intangible assets
The mooring lease intangible asset is amortised over the 125 year life of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Nova (Kent) Limited (Registered number: 08727411)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 58,788
AMORTISATION
At 1 July 2023 1,411
Charge for year 470
At 30 June 2024 1,881
NET BOOK VALUE
At 30 June 2024 56,907
At 30 June 2023 57,377

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 1,075
DEPRECIATION
At 1 July 2023 430
Charge for year 215
At 30 June 2024 645
NET BOOK VALUE
At 30 June 2024 430
At 30 June 2023 645

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 12,000 12,000
Other debtors 285,872 189,413
Quayside Properties Limited (883 ) (883 )
Standard Quay Tearoom 238 238
Western Heights 87 87
VAT 3,211 369
Prepayments 25,950 40,524
326,475 241,748

Nova (Kent) Limited (Registered number: 08727411)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,698 13,711
Tax 1,482 -
Abbey Road Developments 729,483 729,483
Kent Properties Limited 12,510 3,015
Creekside Developments (Faversham)
Limited

2,420,282

2,420,282
Directors' current accounts 69,081 69,081
Accrued expenses 400 240
3,235,936 3,235,812

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

9. RELATED PARTY DISCLOSURES

The company received working capital from another company, Abbey Road Developments (Kent) Limited. At the year end the balance owed to that company was £729,483 (2023: £729,483).

The company was owed £883 (2023: £883) by Quayside Properties (Faversham) Limited, a company under joint ownership as at 30.06.2024.

The company owed £2,420,282 (2023: £2,420,282 to Creekside Developments (Faversham) Limited, a company under joint ownership as at 30.06.2024.

The company owed £12,509 (2023: £3,015) to Kent Properties Limited, a company under joint ownership as at 30.06.2024.

The company was owed £12,000 (2023: £12,000) from Creekside 2020 Limited, a company under joint ownership as at 30.06.2024.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs N F White.