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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
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NOVEVA SOFTWARE GROUP LIMITED
REGISTERED NUMBER: 14112240
BALANCE SHEET
AS AT 31 DECEMBER 2024
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Creditors: amounts falling due within one year
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Net current (liabilities)/assets
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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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.
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
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
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Basis of preparation of financial statements
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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:
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.
Investments in subsidiaries are measured at cost less accumulated impairment.
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.
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Cash and cash equivalents
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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.
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)
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Provisions for liabilities
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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.
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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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
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Investments in subsidiary companies
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The following were subsidiary undertakings of the company:
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Thomson Screening Solutions Limited
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Amounts owed by group undertakings
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Cash and cash equivalents
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NOVEVA SOFTWARE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Amounts owed to group undertakings
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Fixed asset investment - additions in year
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Allotted, called up and fully paid
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900 (2023 - 900) Ordinary shares of £1.00 each
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100 (2023 - 100) A Ordinary shares of £1.00 each
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NOVEVA SOFTWARE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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.
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Related party transactions
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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.
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Post balance sheet events
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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.
Horus Holdings Limited, incorporated in England and Wales, is the parent company.
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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