REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024 |
FOR |
NAVITAS ENGINEERING GROUP LTD. |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024 |
FOR |
NAVITAS ENGINEERING GROUP LTD. |
NAVITAS ENGINEERING GROUP LTD. (REGISTERED NUMBER: 11820064) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
NAVITAS ENGINEERING GROUP LTD. |
COMPANY INFORMATION |
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Archer House |
Britland Estate |
Northbourne Road |
Eastbourne |
BN22 8PW |
NAVITAS ENGINEERING GROUP LTD. (REGISTERED NUMBER: 11820064) |
BALANCE SHEET |
31 MARCH 2024 |
2024 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
NAVITAS ENGINEERING GROUP LTD. (REGISTERED NUMBER: 11820064) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Navitas Engineering Group Ltd. is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at fair value. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2022 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Inv in |
subsidiarie |
£ |
COST OR VALUATION |
At 1 November 2022 |
Revaluations |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 October 2022 |
Cost or valuation at 31 March 2024 is represented by: |
Inv in |
subsidiarie |
£ |
Valuation in 2021 | 773,124 |
Valuation in 2022 | 278,979 |
Valuation in 2024 | 134,868 |
1,186,971 |
NAVITAS ENGINEERING GROUP LTD. (REGISTERED NUMBER: 11820064) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 MARCH 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Taxation and social security |
Other creditors |
7. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 November 2022 |
Fair value reserve | 134,868 |
At 31 March 2024 |
8. | ULTIMATE CONTROLLING PARTY |
On the 13th December 2023 Octavius Infrastructure Ltd acquired 100% shares of the company and is the immediate parent company. |
The address of the immediate parent is 45 London Road, Reigate Surrey, England RH2 9PY. |
Topham Investco Limited is the largest undertakings for which group financial statements are drawn up. The consolidated financial statements for Topham Investco Limited can be obtained from 110 Wigmore Street, London, England, W1U 3RW. |