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REGISTERED NUMBER: 04200942 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2025

for

NOVEL ENTERTAINMENT LTD

NOVEL ENTERTAINMENT LTD (REGISTERED NUMBER: 04200942)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NOVEL ENTERTAINMENT LTD

Company Information
for the Year Ended 31 March 2025







DIRECTORS: M J Watts
L J Whiteley





SECRETARY: M J Watts





REGISTERED OFFICE: Monument House
215 Marsh Road
Pinner
Middlesex
HA5 5NE





BUSINESS ADDRESS: Bretton
Lincombe Lane
Boars Hill
Oxford
Oxfordshire
OX1 5DY





REGISTERED NUMBER: 04200942 (England and Wales)





ACCOUNTANTS: Hill Wooldridge & Co.
Monument House
215 Marsh Road
Pinner
HA5 5NE

NOVEL ENTERTAINMENT LTD (REGISTERED NUMBER: 04200942)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 511 2,014
Investments 5 110 130
621 2,144

CURRENT ASSETS
Stocks 18,801 18,801
Debtors 6 256,611 775,714
Cash at bank 1,848,784 1,019,033
2,124,196 1,813,548
CREDITORS
Amounts falling due within one year 7 774,110 394,388
NET CURRENT ASSETS 1,350,086 1,419,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,350,707

1,421,304

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,349,707 1,420,304
SHAREHOLDERS' FUNDS 1,350,707 1,421,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:





M J Watts - Director


NOVEL ENTERTAINMENT LTD (REGISTERED NUMBER: 04200942)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Novel Entertainment 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 6 ) .

NOVEL ENTERTAINMENT LTD (REGISTERED NUMBER: 04200942)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 64,522
DEPRECIATION
At 1 April 2024 62,508
Charge for year 1,503
At 31 March 2025 64,011
NET BOOK VALUE
At 31 March 2025 511
At 31 March 2024 2,014

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2024 130
Disposals (20 )
At 31 March 2025 110
NET BOOK VALUE
At 31 March 2025 110
At 31 March 2024 130

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 5,237 81,820
Other debtors 251,374 693,894
256,611 775,714

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 25,244 99,428
Taxation and social security 45,547 32,290
Other creditors 703,319 262,670
774,110 394,388

8. RELATED PARTY DISCLOSURES

During the year the company operated directors loan accounts. At the balance sheet date, the company owed the directors £27,759 (2024: the directors owed the company £179,183).