Navus Financial Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09207563

Navus Financial Limited

Filleted Unaudited Financial Statements

30 September 2024

Navus Financial Limited

Financial Statements

Year ended 30 September 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Navus Financial Limited

Statement of Financial Position

30 September 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	849	1,598
Investments	6	239,559	239,559
		---------	---------
		240,408	241,157

Current assets

Debtors	7	115	281
Cash at bank and in hand		9,263	12,356
		-------	--------
		9,378	12,637

Creditors: amounts falling due within one year	8	47,323	60,087
		--------	--------
Net current liabilities		37,945	47,450
		---------	---------
Total assets less current liabilities		202,463	193,707
		---------	---------
Net assets		202,463	193,707
		---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	202,461	193,705
	---------	---------
Shareholders funds	202,463	193,707
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Navus Financial Limited

Statement of Financial Position (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 18 June 2025 , and are signed on behalf of the board by:

CJ Munn

Director

Company registration number: 09207563

Navus Financial Limited

Notes to the Financial Statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Boyn Hill Avenue,, Maidenhead, SL6 4ET, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover reflects consultancy income and rental income. Consultancy income is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of Value Added Tax. Rental income from investment properties is recognised in the profit and loss account on a straight-line basis over the period of the lease. Income is recognised when it is probable that the economic benefits from the lease arrangement will flow to the entity and the amount of income can be measured reliably. Rental income is recognised from the point at which the tenant has the right to use the property under the terms of the lease agreement. Amounts are stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	3 year straight line
Office Equipment	-	3 - 4 years straight line

Investments

Investments represent investment property held to earn rental income and/or for capital appreciation. Investment properties are initially recognised at cost, including transaction costs. Subsequently, when significant changes occur, they are measured at fair value at each reporting date, with changes in fair value recognised in the profit and loss account for the period in which they arise.

No depreciation is charged on investment properties carried at fair value

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Basic financial assets, including trade debtors, other debtors, and cash at bank, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method, where applicable. Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If an asset is impaired, the impairment loss is recognised in the profit and loss account. Basic financial liabilities, including trade creditors, other creditors, and bank loans, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method, where applicable. Financial instruments are derecognised when the contractual rights or obligations expire or are settled

4. Employee numbers

The number of person employed by the company during the period, including directors, amounted to 2 (2023:2)

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 October 2023 and 30 September 2024	444	5,391	5,835
	----	-------	-------
Depreciation
At 1 October 2023	148	4,089	4,237
Charge for the year	296	453	749
	----	-------	-------
At 30 September 2024	444	4,542	4,986
	----	-------	-------
Carrying amount
At 30 September 2024	–	849	849
	----	-------	-------
At 30 September 2023	296	1,302	1,598
	----	-------	-------

6. Investments

	Investment Property
	£
Cost
At 1 October 2023 and 30 September 2024	239,559
	---------
Impairment
At 1 October 2023 and 30 September 2024	–
	---------

Carrying amount
At 30 September 2024	239,559
	---------
At 30 September 2023	239,559
	---------

7. Debtors

	2024	2023
	£	£
Other debtors	115	281
	----	----

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Corporation tax	2,446	30,255
Social security and other taxes	–	27,525
Other creditors	44,877	2,307
	--------	--------
	47,323	60,087
	--------	--------

9. Related party transactions

At the year end the company owed directors £44,243 (£23,093).