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REGISTERED NUMBER: 12938566 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Noviniti Dev Co 7 Ltd

Noviniti Dev Co 7 Ltd (Registered number: 12938566)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 4 to 5


Noviniti Dev Co 7 Ltd

Company Information
for the Year Ended 31 December 2024







Directors: Mr M S F Hastings
Mr J R Houlston
Mr A R J Clayton





Registered office: Unit 2,
Newby Stables,
Newby Hall,
Ripon, England
HG4 5AE





Registered number: 12938566 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Noviniti Dev Co 7 Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Noviniti Dev Co 7 Ltd for the year ended 31 December 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Noviniti Dev Co 7 Ltd, as a body, in accordance with the terms of our engagement letter dated 13 July 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Noviniti Dev Co 7 Ltd and state those matters that we have agreed to state to the Board of Directors of Noviniti Dev Co 7 Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Noviniti Dev Co 7 Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Noviniti Dev Co 7 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Noviniti Dev Co 7 Ltd. You consider that Noviniti Dev Co 7 Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Noviniti Dev Co 7 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


2 June 2025

Noviniti Dev Co 7 Ltd (Registered number: 12938566)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £   
Current assets
Stocks 823,033 333,579
Debtors 5 449,415 221,917
Cash at bank 22,960 329,361
1,295,408 884,857
Creditors
Amounts falling due within one year 6 1,290,108 880,760
Net current assets 5,300 4,097
Total assets less current liabilities 5,300 4,097

Capital and reserves
Called up share capital 7 100 100
Retained earnings 5,200 3,997
Shareholders' funds 5,300 4,097

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

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

The directors acknowledge their 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





Mr A R J Clayton - Director


Noviniti Dev Co 7 Ltd (Registered number: 12938566)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. Statutory information

Noviniti Dev Co 7 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Noviniti Dev Co 7 Ltd (Registered number: 12938566)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 347,452 -
Amounts owed by group undertakings - 90,000
CIS recoverable - 76,283
Retentions receivable 101,963 55,634
449,415 221,917

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 5,700 5,700
Corporation tax 282 -
VAT 252,419 137,875
Accruals and deferred income 929,744 681,551
Retentions payable 101,963 55,634
1,290,108 880,760

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100