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Registered number: 10853026 NOVA WEALTH TECHNOLOGIES LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 TWP ACCOUNTING LLP Chartered Accountants & Statutory Auditors The Old Rectory Church Street Weybridge Surrey KT13 8DE
NOVA WEALTH TECHNOLOGIES LTD
COMPANY INFORMATION
Directors | J McLean
| A McMillan
| S Rogerson (resigned 30 July 2024)
Registered number | 10853026
Registered office | 20 Farringdon Street
| London
| EC4A 4AB
Independent auditors | TWP Accounting LLP
| The Old Rectory
| Church Street
| Weybridge
| Surrey
| KT13 8DE
NOVA WEALTH TECHNOLOGIES LTD
DIRECTORS' REPORT FOR THE YEAR ENDED 30 APRIL 2025 The directors present their report and the financial statements for the year ended 30 April 2025.
Directors
The directors who served during the year were:
J McLean
A McMillan
S Rogerson (resigned 30 July 2024)
Directors' responsibilities statement
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgments and accounting estimates that are reasonable and prudent; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Business review
We are pleased to present an update on the company's key strategic advancements, centred on the development of our proprietary digital advice platform. This innovative technology is set to drive NOVA's wealth management business from strength to strength, both operationally and through class-beating client experience. This sophisticated platform, now incorporating AI tooling, is designed to enhance efficiency and deliver tailored financial planning and recommendations to our clients. As we continue to develop and release new features and capabilities, we anticipate it will significantly redefine how we operate, creating substantial operational leverage as we scale. While currently only used internally, the potential of this platform extends far beyond our immediate operations. This kind of cutting-edge solution holds immense promise for the broader industry, offering a glimpse into the future of financial advice and a much wider impact on how wealth management services are delivered across the sector. We are confident that this pioneering work positions the NOVA group of companies at the forefront of digital transformation in wealth management, poised for a future of significant growth. Page 1
NOVA WEALTH TECHNOLOGIES LTD
DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
Disclosure of information to auditors
Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
Post balance sheet events
There have been no significant events affecting the Company since the year end.
Auditors
The auditors, TWP Accounting LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
Small companies note
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board on 22 August 2025 and signed on its behalf.
J McLean Director
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NOVA WEALTH TECHNOLOGIES LTD REGISTERED NUMBER:10853026
BALANCE SHEET AS AT 30 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Cash at bank and in hand | 4 | 2,509 |  | 2,509 |
|  | 2,509 |  | 2,509 |
Creditors: amounts falling due within one year | 5 | (37,110) |  | (25,800) |
Net current liabilities |  |  | (34,601) |  | (23,291)
Total assets less current liabilities |  |  | (34,601) |  | (23,291)
Provisions |  |  |  |  |
Net liabilities |  |  | (34,601) |  | (23,291)
Capital and reserves |  |  |  |  |
Called up share capital | 6 |  | 10 |  | 10
Profit and loss account | 7 |  | (34,611) |  | (23,301)
|  |  | (34,601) |  | (23,291)
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 August 2025.
J McLean
Director
The notes on pages 4 to 6 form part of these financial statements. Page 3
NOVA WEALTH TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. | General information
Nova Wealth Technologies Ltd is a company incorporated in the United Kingdom under the Companies Act. The Company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 20 Farringdon Street, London, EC4A 4AB. The principal activity of the Company during the year was that of developing software that supports the provision of financial advice. The Company has yet to engage in sales trading activity as of the balance sheet date. The functional currency of Nova Wealth Technologies Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates. The financial statements are also presented in pounds sterling. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | Critical accounting judgements and key sources of estimation uncertainty
Due to the nature of the Company’s business and having considered the key sources of income and expenditure, balance sheet items and Company’s accounting policies, the Directors do not believe there are any critical accounting judgements or key sources of estimation uncertainty. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the year in which the estimate is revised if the revision affects only that year, or in the year of the revision and future years if the revision affects both current and future years.
| 2.3 | Going concern
During the year ended 30 April 2025, the Company reported a loss before tax of £11,310 (2024: £8,840) and at the balance sheet date had net liabilities of £34,601 (2024: £23,291). At the date of approving these financial statements, the Company has obtained a letter from Nova Wealth Holdings Limited, confirming that they will continue to satisfy any outstanding liabilities which the Company may incur in its normal course of business and may not be able to satisfy themselves as and when they fall due, for a period of at least twelve months from the date that these financial statements will be signed. Based on the availability of this support, the Board is satisfied that it is appropriate to prepare the financial statements on the basis that the Company is a going concern.
| 2.4 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.5 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 4
NOVA WEALTH TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.6 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
3. | Employees
| The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
4. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 2,509 | 2,509
|  | 2,509 | 2,509
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 26,160 | 17,400
| Accruals and deferred income | 10,950 | 8,400
|  | 37,110 | 25,800
6. | Called-Up Share Capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Authorised |  |
|  | 1,000 Ordinary shares of £0.01 each | 10 | 10
|  | Total allotted and called-up |  |
|  | 1,000 Ordinary shares of £0.01 each | 10 | 10
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NOVA WEALTH TECHNOLOGIES LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
7. | Reserves
Profit and loss account The profit and loss account represents cumulative profits and losses.
8. | Related party transactions
| In line with paragraph 33.1A of FRS 102, the company did not disclose transactions with wholly owned Group companies wherein any subsidiary undertaking which is a party to the transactions is wholly owned by a member of the Group.
9. | Ultimate Parent Undertaking and Controlling Party
The ultimate parent undertaking and controlling company is Nova Wealth Holdings Limited, a company incorporated in the United Kingdom and registered in England and Wales (registered number: 10738861). Copies of these financial statements can be obtained from The Secretary, Nova Wealth Holdings Limited, 33 Holborn, London, EC1N 2HT.
10. | Auditors' information
The auditors' report on the financial statements for the year ended 30 April 2025 was unqualified. The audit report was signed on 22 August 2025 by Paul Hawksley FCA, CTA, MAAT (Senior Statutory Auditor) on behalf of TWP Accounting LLP. This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. The audit work has been undertaken so that Auditors' might state to the company’s members those matters the Auditors' are required to state in an auditor’s report and for no other purpose. To the fullest extent permitted by law, TWP Accounting LLP will not accept or assume responsibility to anyone other than the company and the company’s members as a body, for the audit work, for the Independent Auditors' Report, or for the opinions formed.
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