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REGISTERED NUMBER: 14841400 (England and Wales)















Unaudited Financial Statements

for the Period 2 May 2023 to 31 May 2024

for

Nova Abode Ltd

Nova Abode Ltd (Registered number: 14841400)

Contents of the Financial Statements
for the Period 2 May 2023 to 31 May 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Nova Abode Ltd

Company Information
for the Period 2 May 2023 to 31 May 2024







DIRECTOR: G M Bennett



REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS



REGISTERED NUMBER: 14841400 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Starling Bank
5th Floor
London Fruit & Wool Exchange
1 Duval Square
London
E1 6PW

Nova Abode Ltd (Registered number: 14841400)

Statement of Financial Position
31 May 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,981

CURRENT ASSETS
Debtors 5 2,813
Cash at bank 3,735
6,548
CREDITORS
Amounts falling due within one year 6 13,666
NET CURRENT LIABILITIES (7,118 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,137

)

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings (5,138 )
SHAREHOLDERS' FUNDS (5,137 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 January 2025 and were signed by:





G M Bennett - Director


Nova Abode Ltd (Registered number: 14841400)

Notes to the Financial Statements
for the Period 2 May 2023 to 31 May 2024


1. STATUTORY INFORMATION

Nova Abode 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.

Turnover
Turnover represents rental income due for the accounting period from a leased property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Taxation
Taxation for the period 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 statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
Despite net current liabilities of £7,118 and net liabilities of £5,137, the financial statements have been prepared on a going concern basis. The director has reviewed the future cash flows of the business and has expressed his intention to financially support the company for the foreseeable future, deeming the going concern basis of preparation to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

Nova Abode Ltd (Registered number: 14841400)

Notes to the Financial Statements - continued
for the Period 2 May 2023 to 31 May 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
Additions 2,113
At 31 May 2024 2,113
Depreciation
Charge for period 132
At 31 May 2024 132
Net book value
At 31 May 2024 1,981

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 969
Other debtors 1,844
2,813

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 580
Other creditors 13,086
13,666

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 16,800
Between one and five years 29,400
46,200

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

Nova Abode Ltd (Registered number: 14841400)

Notes to the Financial Statements - continued
for the Period 2 May 2023 to 31 May 2024


9. RELATED PARTY DISCLOSURES

G M Bennett
Director

The director has loaned funds to the company. At 31 May 2024, the company owed the director £12,486. The loan is interest free and has no fixed repayment terms.