Caseware UK (AP4) 2023.0.135 2023.0.135 falsetrueNo description of principal activity22023-03-01true2true 09776253 2023-03-01 2024-02-29 09776253 2022-03-01 2023-02-28 09776253 2024-02-29 09776253 2023-02-28 09776253 c:Director2 2023-03-01 2024-02-29 09776253 d:CurrentFinancialInstruments 2024-02-29 09776253 d:CurrentFinancialInstruments 2023-02-28 09776253 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 09776253 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09776253 d:ShareCapital 2024-02-29 09776253 d:ShareCapital 2023-02-28 09776253 d:SharePremium 2024-02-29 09776253 d:SharePremium 2023-02-28 09776253 d:RetainedEarningsAccumulatedLosses 2024-02-29 09776253 d:RetainedEarningsAccumulatedLosses 2023-02-28 09776253 c:EntityNoLongerTradingButTradedInPast 2023-03-01 2024-02-29 09776253 c:FRS102 2023-03-01 2024-02-29 09776253 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09776253 c:FullAccounts 2023-03-01 2024-02-29 09776253 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09776253 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 09776253










Nava Finance Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 29 February 2024

 
Nava Finance Limited
Registered number: 09776253

Balance sheet
As at 29 February 2024

29 February
As restated
28 February
2024
2023
Note
£
£

  

  

Creditors: amounts falling due within one year
 4 
(985,509)
(984,309)

Net current liabilities
  
 
 
(985,509)
 
 
(984,309)

Total assets less current liabilities
  
(985,509)
(984,309)

  

Net liabilities
  
(985,509)
(984,309)


Capital and reserves
  

Called up share capital 
  
1,270
1,270

Share premium account
  
1,759,365
1,759,365

Profit and loss account
  
(2,746,144)
(2,744,944)

  
(985,509)
(984,309)


For the year ended 29 February 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 October 2024.




R J S Lee
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
Nava Finance Limited
 

 
Notes to the financial statements
For the year ended 29 February 2024

1.


General information

Nava Finance Limited is a private limited company incorporated and domiciled in the United Kingdom.  The company's registered office is at 2nd Floor, 168 Shoreditch High Street, London, E1 6RA.  The company has ceased trading.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
48,000
48,000

Other creditors
936,309
935,409

Accruals and deferred income
1,200
900

985,509
984,309



5.


Prior year adjustment

During the year, it was identified that there was a cancellation of shares in previous periods. This error has been corrected by restating the comparative amounts for the prior period presented. The impact of this adjustment is as follows:
Reduction in called up share capital: £509
Reduction in share premiuml:           £349,741
As a result, the opening balances of equity for the earliest prior period presented have been restated. The net effect of this adjustment on the retained earnings is an increase of £350,250.


6.


Contingent liabilities

The company received an invoice for £120,000 (including VAT) dated 01 March 2018, which has not been included in the accounts as the invoice is being disputed.  In the directors opinion the supplier has not fulfilled their obligations and accordingly do not expect any liability to arise.

Page 2

 
Nava Finance Limited
 

 
Notes to the financial statements
For the year ended 29 February 2024

7.


Related party transactions

Note 3 Creditors: Other Creditors includes a loan from Mr J Dlutowski, a director.  The balance of the loan at the end of 28 February 2024 totalled £927,519 (2023: £927,519).


8.


Controlling party

The company is under the control of its directors.

Page 3