Company Registration No. 09399361 (England and Wales)
Nova Invest Limited
Unaudited accounts
for the year ended 31 January 2024
Nova Invest Limited
Unaudited accounts
Contents
Nova Invest Limited
Company Information
for the year ended 31 January 2024
Director
Alexander Viktorov
Company Number
09399361 (England and Wales)
Registered Office
Flat 23 Quested Court, Brett Road
London
E8 1JS
UK
Accountants
Keys Accountants Service
31B Rudgleigh Road
Bristol
United Kingdom
BS20 0DS
Nova Invest Limited
Accountants' report
Accountants' report to the director of Nova Invest Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 January 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 January 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Keys Accountants Service
31B Rudgleigh Road
Bristol
United Kingdom
BS20 0DS
4 August 2024
Nova Invest Limited
Statement of financial position
as at 31 January 2024
Investment property
117,998
117,998
Cash at bank and in hand
8,181
5,806
Creditors: amounts falling due within one year
(9,085)
(9,468)
Net current liabilities
(904)
(3,087)
Total assets less current liabilities
117,094
114,911
Creditors: amounts falling due after more than one year
(110,378)
(110,378)
Called up share capital
2
2
Profit and loss account
6,714
4,531
Shareholders' funds
6,716
4,533
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 11 August 2024 and were signed on its behalf by
Alexander Viktorov
Director
Company Registration No. 09399361
Nova Invest Limited
Notes to the Accounts
for the year ended 31 January 2024
Nova Invest Limited is a private company, limited by shares, registered in England and Wales, registration number 09399361. The registered office is Flat 23 Quested Court, Brett Road, London, E8 1JS, UK.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Having reviewed the company's financial forecasts and expected future cash flows, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the
foreseeable future. Thus the going concern basis has been adopted in preparing the financial statements for the year ended 31 January 2024
Fair value at 1 February 2023
117,998
At 31 January 2024
117,998
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Amounts falling due within one year
Nova Invest Limited
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
512
504
Loans from directors
8,073
8,464
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
110,378
110,378
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Alexander Viktorov
(8,464)
391
-
(8,073)
Included within other creditors at the year end is an aggregate amount of £8073.00 (2023 :£8464.00) due to the Director A Viktorov.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).