NOVAERUS UK LIMITED

Company Registration Number:
07582460 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

NOVAERUS UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

NOVAERUS UK LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 243 243
Total fixed assets: 243 243
Current assets
Debtors:   4,329,895 4,301,418
Total current assets: 4,329,895 4,301,418
Creditors: amounts falling due within one year:   (166,124) (165,225)
Net current assets (liabilities): 4,163,771 4,136,193
Total assets less current liabilities: 4,164,014 4,136,436
Total net assets (liabilities): 4,164,014 4,136,436
Capital and reserves
Called up share capital: 488,292 488,292
Share premium account: 8,656,515 8,656,515
Profit and loss account: (4,980,793) (5,008,371)
Shareholders funds: 4,164,014 4,136,436

The notes form part of these financial statements

NOVAERUS UK LIMITED

Balance sheet statements

For the year ending 31 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 24 August 2024
and signed on behalf of the board by:

Name: William Beamish
Status: Director

The notes form part of these financial statements

NOVAERUS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 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

Turnover policy

The company reported no revenue in the year

Other accounting policies

Basis of preparation The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements. Cash flow statement The company has availed of the exemption in FRS 102 from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

NOVAERUS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

NOVAERUS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 243
At 31 December 2023 243
Depreciation
At 01 January 2023 0
At 31 December 2023 0
Net book value
At 31 December 2023 243
At 31 December 2022 243

NOVAERUS UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Financial commitments

CAPITAL COMMITMENTS The company had no material capital commitments at the year-ended 31 December 2023