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REGISTERED NUMBER: 04035860 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

De Novo (UK) Limited

De Novo (UK) Limited (Registered number: 04035860)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4 to 6


De Novo (UK) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: W F Keenan
K B Foley





SECRETARY: K Paternoster





REGISTERED OFFICE: 2 New Bailey
6 Stanley Streeet
Salford
Greater Manchester
M3 5GS





REGISTERED NUMBER: 04035860 (England and Wales)





ACCOUNTANTS: Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
De Novo (UK) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of De Novo (UK) Limited for the year ended 31 December 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of De Novo (UK) Limited, as a body, in accordance with the terms of our engagement letter dated 26 September 2019. Our work has been undertaken solely to prepare for your approval the financial statements of De Novo (UK) Limited and state those matters that we have agreed to state to the Board of Directors of De Novo (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than De Novo (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that De Novo (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of De Novo (UK) Limited. You consider that De Novo (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of De Novo (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD


20 September 2024

De Novo (UK) Limited (Registered number: 04035860)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 825 3,992
Cash at bank 2,951 3,486
3,776 7,478
CREDITORS
Amounts falling due within one year 6 71,262 61,964
NET CURRENT LIABILITIES (67,486 ) (54,486 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(67,486

)

(54,486

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (67,488 ) (54,488 )
SHAREHOLDERS' FUNDS (67,486 ) (54,486 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 20 September 2024 and were signed on its behalf by:





W F Keenan - Director


De Novo (UK) Limited (Registered number: 04035860)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

De Novo (UK) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 20% on cost

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 statement of financial position date.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investments
Investments comprise of listed investments which are measured at fair value.

Going concern
These accounts have been prepared on the going concern basis. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources within the group to continue in operational existence for the foreseeable future and the related parties have confirmed they will not demand repayment of their loans until sufficient cash is available.

3. EMPLOYEES AND DIRECTORS

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

De Novo (UK) Limited (Registered number: 04035860)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 1,359
DEPRECIATION
At 1 January 2023
and 31 December 2023 1,359
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by related parties - 2,725
Other debtors 825 1,267
825 3,992

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 298
Amounts owed to related parties 66,162 56,766
Other creditors 5,100 4,900
71,262 61,964

7. RELATED PARTY DISCLOSURES

The company is a wholly-owned subsidiary of De Novo Corporation, a company registered in the USA.
All transactions within the group were carried out on a normal trading basis.

At 31 December 2023, the following amounts were due from group companies:

2023 2022
£    £   
De Novo Corporation - 2,725

At 31 December 2023, the following amounts were due to group
companies:

2023 2022
£    £   
Creative Solutions International 56,766 56,766
De Novo Corporation 9,396 -


All group balances are unsecured, interest free and repayable on demand.

De Novo (UK) Limited (Registered number: 04035860)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. ULTIMATE CONTROLLING PARTY

The immediate controlling party is De Novo Corporation, a company registered in the USA.

The company's ultimate controlling party is W F Keenan, a director, who owns the majority of the share capital of De Novo Corporation.