REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 2 May 2023 to 31 May 2024 |
for |
Nova Abode Ltd |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
48 Hucclecote Road |
Gloucester |
Gloucestershire |
GL3 3RS |
BANKERS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 were approved by the director and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rental income due for the accounting period from a leased property. |
Tangible fixed assets |
Fixtures and fittings | - |
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 |
At 31 May 2024 |
Depreciation |
Charge for period |
At 31 May 2024 |
Net book value |
At 31 May 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
Between one and five years |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 1 |
1 Ordinary share of £1 was allotted and fully paid for |
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. |