IRIS Accounts Production v24.1.0.578 11049990 Board of Directors 1.12.22 30.11.23 30.11.23 0 0 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110499902022-11-30110499902023-11-30110499902022-12-012023-11-30110499902021-11-30110499902021-12-012022-11-30110499902022-11-3011049990ns15:EnglandWales2022-12-012023-11-3011049990ns14:PoundSterling2022-12-012023-11-3011049990ns10:Director12022-12-012023-11-3011049990ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3011049990ns10:SmallEntities2022-12-012023-11-3011049990ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3011049990ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3011049990ns10:FullAccounts2022-12-012023-11-3011049990ns10:OrdinaryShareClass12022-12-012023-11-3011049990ns10:Director22022-12-012023-11-3011049990ns10:RegisteredOffice2022-12-012023-11-3011049990ns5:CurrentFinancialInstruments2023-11-3011049990ns5:CurrentFinancialInstruments2022-11-3011049990ns5:Non-currentFinancialInstruments2023-11-3011049990ns5:Non-currentFinancialInstruments2022-11-3011049990ns5:ShareCapital2023-11-3011049990ns5:ShareCapital2022-11-3011049990ns5:RetainedEarningsAccumulatedLosses2023-11-3011049990ns5:RetainedEarningsAccumulatedLosses2022-11-3011049990ns5:ComputerEquipment2022-12-012023-11-3011049990ns5:LeaseholdImprovements2022-11-3011049990ns5:ComputerEquipment2022-11-3011049990ns5:LeaseholdImprovements2022-12-012023-11-3011049990ns5:LeaseholdImprovements2023-11-3011049990ns5:ComputerEquipment2023-11-3011049990ns5:LeaseholdImprovements2022-11-3011049990ns5:ComputerEquipment2022-11-3011049990ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3011049990ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3011049990ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-11-3011049990ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-11-3011049990ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-3011049990ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-11-3011049990ns10:OrdinaryShareClass12023-11-3011049990ns5:RetainedEarningsAccumulatedLosses2022-11-3011049990ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 11049990 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

NOVA REAL ESTATE GROUP LIMITED

NOVA REAL ESTATE GROUP LIMITED (REGISTERED NUMBER: 11049990)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NOVA REAL ESTATE GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: A K Bhalla
Mrs R K Bhalla





REGISTERED OFFICE: 3 Boundary Way
Wolverhampton
West Midlands
WV6 8DL





REGISTERED NUMBER: 11049990 (England and Wales)

NOVA REAL ESTATE GROUP LIMITED (REGISTERED NUMBER: 11049990)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,262 20,427
Investment property 5 395,319 395,319
415,581 415,746

CURRENT ASSETS
Cash at bank 2,482 3,127

CREDITORS
Amounts falling due within one year 6 142,855 141,366
NET CURRENT LIABILITIES (140,373 ) (138,239 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,208

277,507

CREDITORS
Amounts falling due after more than one
year

7

272,373

273,164
NET ASSETS 2,835 4,343

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 1,835 3,343
SHAREHOLDERS' FUNDS 2,835 4,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

NOVA REAL ESTATE GROUP LIMITED (REGISTERED NUMBER: 11049990)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 4 October 2024 and were signed on its behalf by:





A K Bhalla - Director


NOVA REAL ESTATE GROUP LIMITED (REGISTERED NUMBER: 11049990)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Nova Real Estate Group Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

NOVA REAL ESTATE GROUP LIMITED (REGISTERED NUMBER: 11049990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 19,600 2,020 21,620
DEPRECIATION
At 1 December 2022 - 1,193 1,193
Charge for year - 165 165
At 30 November 2023 - 1,358 1,358
NET BOOK VALUE
At 30 November 2023 19,600 662 20,262
At 30 November 2022 19,600 827 20,427

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 December 2022
and 30 November 2023 395,319
NET BOOK VALUE
At 30 November 2023 395,319
At 30 November 2022 395,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts (see note 8) 8,479 8,479
Trade creditors 600 1,648
Tax 441 441
Directors' current accounts 132,915 130,378
Accrued expenses 420 420
142,855 141,366

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans (see note 8) 272,373 273,164

NOVA REAL ESTATE GROUP LIMITED (REGISTERED NUMBER: 11049990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30/11/23 30/11/22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 232,832 232,832

8. LOANS

An analysis of the maturity of loans is given below:

30/11/23 30/11/22
£    £   
Amounts falling due within one year or on demand:
Bank loans 8,479 8,479

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,479 8,479

Amounts falling due between two and five years:
Bank loans - 2-5 years 25,438 25,438
Bounce Back Loan 5,624 6,415
31,062 31,853

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 232,832 232,832

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
1,000 Ordinary Shares 1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 December 2022 3,343
Deficit for the year (1,508 )
At 30 November 2023 1,835