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Registered number: 14112240









NOVEVA SOFTWARE GROUP LIMITED (PREVIOUSLY BIOS INNOVATIONS LIMITED)









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
NOVEVA SOFTWARE GROUP LIMITED
REGISTERED NUMBER: 14112240

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
4,256,134
2,196,780

  
4,256,134
2,196,780

Current assets
  

Debtors
 5 
85,946
12,489

Cash at bank and in hand
 6 
36,230
6,045

  
122,176
18,534

Creditors: amounts falling due within one year
 7 
(315,044)
-

Net current (liabilities)/assets
  
 
 
(192,868)
 
 
18,534

Total assets less current liabilities
  
4,063,266
2,215,314

Creditors: amounts falling due after more than one year
 8 
(1,923,921)
(1,065,040)

Provisions for liabilities
  

Other provisions
 9 
(1,040,187)
(196,911)

  
 
 
(1,040,187)
 
 
(196,911)

Net assets
  
1,099,158
953,363


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Other reserves
 11 
230,872
85,260

Profit and loss account
 11 
867,286
867,103

  
1,099,158
953,363


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.

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NOVEVA SOFTWARE GROUP LIMITED
REGISTERED NUMBER: 14112240
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf    on 27 March 2025.




A Eaton
Director

The notes on pages 3 to 7 form part of these financial statements.

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NOVEVA SOFTWARE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Noveva Software Group Limited is a private company limited by shares, and incorporated in England and Wales. The registered office of the company is 86-90 Paul Street, London, England, EC2A 4NE.
The company acts as a holding company. The group's principal activity is that of software development, primarily for document management, and the marketing/sale of this software. 

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.

The following principal accounting policies have been applied:

 
2.2

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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NOVEVA SOFTWARE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's Balance sheet when the company become party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 
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3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 1).

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NOVEVA SOFTWARE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
2,196,780


Additions
2,059,354



At 31 December 2024
4,256,134





Subsidiary undertakings


The following were subsidiary undertakings of the company:

Name

Class of shares

Holding

OITUK Limited
Ordinary
100%
Thomson Screening Solutions Limited
Ordinary
100%


5.


Debtors

2024
2023
£
£


Trade debtors
79,750
-

Amounts owed by group undertakings
-
12,489

Other debtors
6,196
-

85,946
12,489



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
36,230
6,045

36,230
6,045


Page 5

 
NOVEVA SOFTWARE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
72,500
-

Amounts owed to group undertakings
240,363
-

Corporation tax
31
-

Accruals and deferred income
2,150
-

315,044
-



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
1,923,921
1,065,040

1,923,921
1,065,040



9.


Provisions





Deferred consideration

£





At 1 January 2024
196,911


Fixed asset investment - additions in year
843,276



At 31 December 2024
1,040,187


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



900 (2023 - 900) Ordinary shares of £1.00 each
900
900
100 (2023 - 100) A Ordinary shares of £1.00 each
100
100

1,000

1,000


Page 6

 
NOVEVA SOFTWARE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Reserves

Other reserves

The other reserves relate to the capital contribution element of the interest free intercompany loan falling due after more than one year, recognised at present value.


12.


Related party transactions

At the year end the company owed £2,154,792 (2023: £1,150,300) to its parent company, Horus Holdings Limited, but this balance has been discounted using an interest rate of 12% to £1,923,921 (2023: £1,065,040), which is included in creditors due after more than one year.


13.


Post balance sheet events

In February 2025 the company completed the acquisition of Mind of My Own Limited, a pioneering software business dedicated to amplifying the voices of vulnerable children/young people and ensuring safeguarding risks are heard within care services at local authorities. 


14.


Controlling party

Horus Holdings Limited, incorporated in England and Wales, is the parent company.


15.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 28 March 2025 by Ben Bradley (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
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