Company Registration No. 12582946 (England and Wales)
NOVA VENTURE HOLDINGS LTD
ABRIDGED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
NOVA VENTURE HOLDINGS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
NOVA VENTURE HOLDINGS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
8,706,044
5,388,251
Current assets
Debtors
4
23,848,297
7,547,015
Cash at bank and in hand
807,096
1,733,978
24,655,393
9,280,993
Creditors: amounts falling due within one year
5
(126,117)
(13,387)
Net current assets
24,529,276
9,267,606
Net assets
33,235,320
14,655,857
Capital and reserves
Called up share capital
228
228
Share premium account
-
0
5,220,101
Profit and loss reserves
33,235,092
9,435,528
Total equity
33,235,320
14,655,857

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 17 September 2024
J J Tohme
Director
Company Registration No. 12582946
NOVA VENTURE HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Nova Venture Holdings Ltd is a private company limited by shares incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Investments in subsidiary undertakings are recognised at cost.

1.3
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.4
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at an average rate of exchange at the dates of the transactions. Monetary assets and liabilities that are denominated in foreign currencies are retranslated at the actual rates prevailing on 31 December 2023. Gains and losses arising on translation in the year are included in profit or loss.

2
Employees

The average number of employees by the company during the year was 1 (2022: 1).

3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
735
5,220,838
Listed investments
8,537,896
-
0
Unlisted investments
167,413
167,413
8,706,044
5,388,251
NOVA VENTURE HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
3
Fixed asset investments
(Continued)
- 3 -
Movements in fixed asset investments
Shares in group undertakings
Other investments
Total
£
£
£
Cost or valuation
At 1 January 2023
5,220,838
167,413
5,388,251
Additions
-
8,537,896
8,537,896
Disposals
(5,220,103)
-
(5,220,103)
At 31 December 2023
735
8,705,309
8,706,044
Carrying amount
At 31 December 2023
735
8,705,309
8,706,044
At 31 December 2022
5,220,838
167,413
5,388,251
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
23,848,297
7,547,015
23,848,297
7,547,015
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
110,090
-
0
Directors' current account
8,647
8,647
Accruals
7,380
4,740
126,117
13,387
2023-12-312023-01-01falseCCH SoftwareCCH Accounts Production 2024.100No description of principal activityJ J Tohmefalsefalse125829462024-09-171125829462023-01-012023-12-31125829462023-12-31125829462022-12-3112582946core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3112582946core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3112582946core:CurrentFinancialInstruments2023-12-3112582946core:CurrentFinancialInstruments2022-12-3112582946core:ShareCapital2023-12-3112582946core:ShareCapital2022-12-3112582946core:SharePremium2023-12-3112582946core:SharePremium2022-12-3112582946core:RetainedEarningsAccumulatedLosses2023-12-3112582946core:RetainedEarningsAccumulatedLosses2022-12-3112582946bus:Director12023-01-012023-12-3112582946core:Non-currentFinancialInstrumentscore:ListedExchangeTraded2023-12-3112582946core:Non-currentFinancialInstrumentscore:UnlistedNon-exchangeTraded2023-12-3112582946core:Non-currentFinancialInstruments2023-12-3112582946core:Non-currentFinancialInstruments2022-12-3112582946bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112582946bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112582946bus:FRS1022023-01-012023-12-3112582946bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112582946bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP