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REGISTERED NUMBER: 10628450 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Theo-Nova Group Limited

Theo-Nova Group Limited (Registered number: 10628450)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Theo-Nova Group Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Dr R Hughes





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 10628450 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Theo-Nova Group Limited (Registered number: 10628450)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 660,941 677,336
Investments 5 127,527 127,527
788,468 804,863

CURRENT ASSETS
Debtors 6 2,726,814 3,150,214
Cash at bank 2,137 3,886
2,728,951 3,154,100
CREDITORS
Amounts falling due within one year 7 2,780,231 2,931,346
NET CURRENT (LIABILITIES)/ASSETS (51,280 ) 222,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

737,188

1,027,617

CREDITORS
Amounts falling due after more than one
year

8

86,663

176,474
NET ASSETS 650,525 851,143

CAPITAL AND RESERVES
Called up share capital 260 260
Share premium 127,107 127,107
Retained earnings 523,158 723,776
650,525 851,143

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

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

The director acknowledges his 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.

Theo-Nova Group Limited (Registered number: 10628450)

Balance Sheet - continued
31 July 2024


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 director and authorised for issue on 22 July 2025 and were signed by:





Dr R Hughes - Director


Theo-Nova Group Limited (Registered number: 10628450)

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

1. STATUTORY INFORMATION

Theo-Nova Group Limited 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. 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of rental and management fees received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


Theo-Nova Group Limited (Registered number: 10628450)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 1,395,630
Additions 55,100
At 31 July 2024 1,450,730
DEPRECIATION
At 1 August 2023 718,294
Charge for year 71,495
At 31 July 2024 789,789
NET BOOK VALUE
At 31 July 2024 660,941
At 31 July 2023 677,336

Theo-Nova Group Limited (Registered number: 10628450)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 766,428
Additions 18,932
At 31 July 2024 785,360
DEPRECIATION
At 1 August 2023 409,076
Charge for year 37,628
At 31 July 2024 446,704
NET BOOK VALUE
At 31 July 2024 338,656
At 31 July 2023 357,352

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 127,527
NET BOOK VALUE
At 31 July 2024 127,527
At 31 July 2023 127,527

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed by group undertakings - 558,483
Amounts owed by associates 1,238,416 2,082,341
Other debtors 1,488,398 509,390
2,726,814 3,150,214

Theo-Nova Group Limited (Registered number: 10628450)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 5,556 3,333
Hire purchase contracts 78,848 120,352
Trade creditors 71,636 74,974
Amounts owed to group undertakings 3,824 505,864
Amounts owed to associates 2,524,320 2,175,203
Taxation and social security 47,643 42,826
Other creditors 48,404 8,794
2,780,231 2,931,346

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 26,852 46,667
Hire purchase contracts 59,811 129,807
86,663 176,474

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,667

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 138,659 250,159

10. RELATED PARTY DISCLOSURES

Included in creditors is £2,528,144 (2023 :£1,306,368) and included in debtors is £117,935 (2023: £92,644) due to/from subsidiary companies of Theo-Nova Group Limited.

Included in debtors is £1,120,481 (2023: £1,173,481) due from companies which share a director with Theo-Nova Group Limited.

All of the above are interest free and repayable on demand.