REGISTERED NUMBER: 10615598 (England and Wales)

Nuvo Property Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr A Ozderici

REGISTERED OFFICE:

Apartment 605

5 Wood Crescent

London

W12 7GR

REGISTERED NUMBER:

10615598 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nuvo Property Limited for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Nuvo Property Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nuvo Property Limited and state those matters that we have agreed to state to the director of Nuvo Property Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nuvo Property Limited and its director for our work or for this report.

It is your duty to ensure that Nuvo Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Nuvo Property Limited. You consider that Nuvo Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nuvo Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

13 December 2025

FIXED ASSETS

Property, plant and equipment

4

5,951

5,213

Investment property

5

596,432

596,432

602,383

601,645

CURRENT ASSETS

Debtors

6

7,722

18,702

Cash at bank and in hand

1,520

61,426

9,242

80,128

CREDITORS

Amounts falling due within one year

7

101,893

159,676

NET CURRENT LIABILITIES

(92,651

)

(79,548

)

TOTAL ASSETS LESS CURRENT LIABILITIES

509,732

522,097

PROVISIONS FOR LIABILITIES

8

1,131

990

NET ASSETS

508,601

521,107

CAPITAL AND RESERVES

Called up share capital

9

500,000

500,000

Retained earnings

10

8,601

21,107

SHAREHOLDERS' FUNDS

508,601

521,107

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 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.

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 13 December 2025 and were signed by:

Mr A Ozderici - Director

1.	STATUTORY INFORMATION

Nuvo Property 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from investments in properties. The revenue is recognised on an accrual basis in accordance with the tenancy agreement.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

1,520

3,549

6,325

11,394

Additions

1,781

-

-

1,781

At 31 March 2025

3,301

3,549

6,325

13,175

DEPRECIATION

At 1 April 2024

405

2,483

3,293

6,181

Charge for year

223

213

607

1,043

At 31 March 2025

628

2,696

3,900

7,224

NET BOOK VALUE

At 31 March 2025

2,673

853

2,425

5,951

At 31 March 2024

1,115

1,066

3,032

5,213

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

596,432

NET BOOK VALUE

At 31 March 2025

596,432

At 31 March 2024

596,432

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,557

17,449

Tax

1,165

-

Prepayments

-

1,253

7,722

18,702

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,804

2,977

Tax

-

1,152

Social security and other taxes

-

86

VAT

3,397

3,267

Directors' current accounts

90,082

150,414

Accrued expenses

1,610

1,780

101,893

159,676

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,131

990

Deferred

tax

£

Balance at 1 April 2024

990

Provided during year

141

Balance at 31 March 2025

1,131

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

500,000

Ordinary

£1

500,000

500,000

10.

RESERVES

Retained

earnings

£

At 1 April 2024

21,107

Deficit for the year

(12,506

)

At 31 March 2025

8,601

11.	RELATED PARTY DISCLOSURES

Transactions with member of key management personnel:

Company owe £91,714 (2024: £150,414) at balance sheet date. An interest free loan payable on demand and is presented within creditors.

Company paid rent of £2,400 to directors for use of residence as office.