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REGISTERED NUMBER: 11820064 (England and Wales)















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: L G Nel
P D Moses
J V Dowsett





REGISTERED OFFICE: 4th Floor 45 London Road
Reigate
RH2 9PY





REGISTERED NUMBER: 11820064 (England and Wales)





ACCOUNTANTS: Dominic Hill Associates Limited
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 1,186,971 1,052,103

CURRENT ASSETS
Debtors 5 218,194 460,786
Cash at bank 63,221 1,186,481
281,415 1,647,267
CREDITORS
Amounts falling due within one year 6 4,448 5,794
NET CURRENT ASSETS 276,967 1,641,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,463,938

2,693,576

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Fair value reserve 7 712,560 577,692
Retained earnings 750,278 2,114,784
SHAREHOLDERS' FUNDS 1,463,938 2,693,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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 23 September 2024 and were signed on its behalf by:





P D Moses - Director


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 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 as modified by the revaluation of certain assets.

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 1,052,103
Revaluations 134,868
At 31 March 2024 1,186,971
NET BOOK VALUE
At 31 March 2024 1,186,971
At 31 October 2022 1,052,103

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 3,140 -
Amounts owed by group undertakings 200,000 445,760
Other debtors 15,054 15,026
218,194 460,786

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Taxation and social security 2,115 3,671
Other creditors 2,333 2,123
4,448 5,794

7. RESERVES
Fair
value
reserve
£   
At 1 November 2022 577,692
Fair value reserve 134,868

At 31 March 2024 712,560

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.