NOVAHEIGHTS LIMITED

Company Registration Number:
01848280 (England and Wales)

Unaudited abridged accounts for the year ended 30 December 2023

Period of accounts

Start date: 31 December 2022

End date: 30 December 2023

NOVAHEIGHTS LIMITED

Contents of the Financial Statements

for the Period Ended 30 December 2023

Balance sheet
Notes

NOVAHEIGHTS LIMITED

Balance sheet

As at 30 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 935 935
Investments: 4 6,978,190 6,890,891
Total fixed assets: 6,979,125 6,891,826
Current assets
Debtors:   720,605 816,620
Cash at bank and in hand: 2,054,266 1,867,455
Investments:   30,500 62,500
Total current assets: 2,805,371 2,746,575
Creditors: amounts falling due within one year:   (2,898,937) (2,877,973)
Net current assets (liabilities): (93,566) (131,398)
Total assets less current liabilities: 6,885,559 6,760,428
Creditors: amounts falling due after more than one year:   (24,048) (34,013)
Provision for liabilities: (278,101) (278,101)
Total net assets (liabilities): 6,583,410 6,448,314
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:51,436,4701,436,470
Profit and loss account: 5,146,840 5,011,744
Shareholders funds: 6,583,410 6,448,314

The notes form part of these financial statements

NOVAHEIGHTS LIMITED

Balance sheet statements

For the year ending 30 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 August 2024
and signed on behalf of the board by:

Name: Mr. T. Vorhand
Status: Director

The notes form part of these financial statements

NOVAHEIGHTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Tangible fixed assets include investment properties valued by Directors on an existing use open market value basis. Other tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows: Motor vehicles 25% Reducing Balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

NOVAHEIGHTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

NOVAHEIGHTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

3. Tangible Assets

Total
Cost £
At 31 December 2022 7,000
At 30 December 2023 7,000
Depreciation
At 31 December 2022 6,065
At 30 December 2023 6,065
Net book value
At 30 December 2023 935
At 30 December 2022 935

NOVAHEIGHTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

4. Fixed investments

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

NOVAHEIGHTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 December 2023

5. Revaluation reserve

2023
£
Balance at 31 December 2022 1,436,470
Surplus or deficit after revaluation 0
Balance at 30 December 2023 1,436,470