Registration number: 12271599

Novus Properties Cheshire Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

Novus Properties Cheshire Ltd

(Registration number: 12271599)
Balance Sheet as at 31 October 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	4	199,097	199,097
Current assets
Debtors	5	432	432
Cash at bank and in hand		12,275	7,061
		12,707	7,493
Creditors: Amounts falling due within one year	6	(82,025)	(77,906)
Net current liabilities		(69,318)	(70,413)
Total assets less current liabilities		129,779	128,684
Creditors: Amounts falling due after more than one year	6	(100,197)	(108,206)
Net assets		29,582	20,478
Capital and reserves
Called up share capital		1	1
Retained earnings		29,581	20,477
Shareholders' funds		29,582	20,478

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Novus Properties Cheshire Ltd

(Registration number: 12271599)
Balance Sheet as at 31 October 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2025
 

......................................... Mr S Goldrick Director

Novus Properties Cheshire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

The principal place of business is:
Unit 1 Hawksdrum House
Marshfield Bank Industrial Estate
Crewe
Cheshire
CW2 8UY

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Novus Properties Cheshire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tax

The tax expense for the period comprises current tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4	Investment properties

	2024 £
At 1 November	199,097
At 31 October	199,097

The Director does not believe that it was commercially viable to revalue the property at the balance sheet date and so the property is currently held on the Balance Sheet at cost.

5

Debtors

Current	Note	2024 £	2023 £
Amounts owed by related parties		432	432
		432	432

Novus Properties Cheshire Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Bank loans		7,490	6,396
Trade creditors		240	120
Amounts owed to participating interests		5,024	3,800
Other creditors		69,271	67,590
		82,025	77,906