Silverfin false 31/12/2023 20/12/2022 31/12/2023 Nova Capital Management Limited 20/12/2022 D S Williamson 20/12/2022 23 January 2025 OC445126 2023-12-31 OC445126 bus:Director1 2023-12-31 OC445126 bus:Director2 2023-12-31 OC445126 2022-12-20 2023-12-31 OC445126 bus:FullAccounts 2022-12-20 2023-12-31 OC445126 bus:SmallEntities 2022-12-20 2023-12-31 OC445126 bus:AuditExemptWithAccountantsReport 2022-12-20 2023-12-31 OC445126 bus:LimitedLiabilityPartnershipLLP 2022-12-20 2023-12-31 OC445126 bus:Director1 2022-12-20 2023-12-31 OC445126 bus:Director2 2022-12-20 2023-12-31 iso4217:GBP xbrli:pure

Company No: OC445126 (England and Wales)

NOVA-CAP LLP

Unaudited Financial Statements
For the financial period from 20 December 2022 to 31 December 2023
Pages for filing with the registrar

NOVA-CAP LLP

Unaudited Financial Statements

For the financial period from 20 December 2022 to 31 December 2023

Contents

NOVA-CAP LLP

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
NOVA-CAP LLP

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
31.12.2023
£
Net current assets 0
Total assets less current liabilities 0
Net assets attributable to members 0

For the financial period ending 31 December 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Nova-Cap LLP (registered number: OC445126) were approved and authorised for issue by the Board of Directors on 23 January 2025. They were signed on its behalf by:

D S Williamson
Designated member
NOVA-CAP LLP

RECONCILIATION OF MEMBERS' INTERESTS

For the financial period from 20 December 2022 to 31 December 2023
NOVA-CAP LLP

RECONCILIATION OF MEMBERS' INTERESTS (continued)

For the financial period from 20 December 2022 to 31 December 2023
EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves Other amounts Total
£ £ £
Balance at 20 December 2022 0 0 0
Members' remuneration charged as an expense, including employment and retirement benefit costs 0 636,085 636,085
Members' interest after result for the financial period 0 636,085 636,085
Drawings 0 (636,085) (636,085)
Balance at 31 December 2023 0 0 0

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

NOVA-CAP LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 20 December 2022 to 31 December 2023
NOVA-CAP LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 20 December 2022 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Nova-Cap LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Octagon Point 5 Cheapside, St Paul's, London, EC2V 6AA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

2. Employees

Period from
20.12.2022 to
31.12.2023
Number
Monthly average number of persons employed by the LLP during the period 0

3. Members' remuneration

Profits are shared among the members in accordance with agreed profit sharing arrangements. Members are required to make their own provision for pensions from their profit shares.

31.12.2023
Number
Average number of members during the financial period 4

4. Related party transactions

The designated members of the LLP are considered to be key management responsible for planning, directing and controlling the activities of the LLP. Transactions with the designated members are shown in the reconciliation of members interests.