Registration number:
Novus Properties Cheshire Ltd
for the Year Ended 31 October 2023
Novus Properties Cheshire Ltd
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Novus Properties Cheshire Ltd
(Registration number: 12271599)
Balance Sheet as at 31 October 2023
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Novus Properties Cheshire Ltd
(Registration number: 12271599)
Balance Sheet as at 31 October 2023
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.
Approved and authorised by the
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Novus Properties Cheshire Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
The principal place of business is:
Unit 1 Hawksdrum House
Marshfield Bank Industrial Estate
Crewe
Cheshire
CW2 8UY
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Novus Properties Cheshire Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
Tax
The tax expense for the period comprises current tax.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investment property
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Investment properties |
2023 |
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At 1 November |
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At 31 October |
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The Director does not believe that it was commercially viable to revalue the property at the balance sheet date and so the property is currently held on the Balance Sheet at cost.
Debtors |
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2022 |
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Amounts owed by group undertakings |
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Other debtors |
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Novus Properties Cheshire Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023
Creditors |
Creditors: amounts falling due within one year
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Due within one year |
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Bank loans |
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Trade creditors |
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Amounts owed to participating interests |
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Other creditors |
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Creditors: amounts falling due after more than one year
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2023 |
2022 |
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Due after one year |
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Bank loans |
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The bank loans are secured on the investment property by way of a fixed and floating charge.