REGISTERED NUMBER: 10313940 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NOVOVILLE LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

938

1,354

Property, plant and equipment

5

35,281

42,325

36,219

43,679

CURRENT ASSETS

Debtors

6

1,177,987

510,550

Cash at bank and in hand

372,251

78,363

1,550,238

588,913

CREDITORS

Amounts falling due within one year

7

490,152

244,874

NET CURRENT ASSETS

1,060,086

344,039

TOTAL ASSETS LESS CURRENT LIABILITIES

1,096,305

387,718

CREDITORS

Amounts falling due after more than one year

8

(503,684

)

-

PROVISIONS FOR LIABILITIES

9

(8,820

)

-

NET ASSETS

583,801

387,718

CAPITAL AND RESERVES

Called up share capital

360

360

Share premium

1,882,910

1,882,910

Retained earnings

(1,299,469

)

(1,495,552

)

583,801

387,718

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 5 December 2025 and were signed on its behalf by:

Mr I Bourantas - Director

1.	STATUTORY INFORMATION

Novoville Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10313940

Registered office:

1 Kings Avenue

London

N21 3NA

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

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements and estimates involved in the preparation of the financial statements.

Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Turnover is earned from the rendering of services and is recognised in the period in which the services are provided, in accordance with the stage of completion of the contract, and subject to contractual stage of completion where these can be measured reliably and it is probable that the company will receive

the consideration.

The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Goodwill

Goodwill assets are initially measured at cost. After initial recognition, the assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill is amortised evenly over it's estimated useful life of five years.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended. The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 20% on straight line

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Government grants

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

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.

Cash and cash equivalent

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Consolidation

The entity has included the results of its 100% owned branch based in Greece in these financial statements.

During the period the branch based in Greece had a net profit of £491,271 (2023: £100,403) , with a surplus of shareholders funds of £69,298 (2023: deficit £-340,470).

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

2,596

AMORTISATION

At 1 January 2024

1,242

Charge for year

416

At 31 December 2024

1,658

NET BOOK VALUE

At 31 December 2024

938

At 31 December 2023

1,354

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 January 2024

67,768

Additions

7,227

At 31 December 2024

74,995

DEPRECIATION

At 1 January 2024

25,443

Charge for year

14,271

At 31 December 2024

39,714

NET BOOK VALUE

At 31 December 2024

35,281

At 31 December 2023

42,325

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,046,298

440,192

Other debtors

131,689

70,358

1,177,987

510,550

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

75,686

66,434

Taxation and social security

364,699

176,636

Other creditors

49,767

1,804

490,152

244,874

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

503,684

-

9.	PROVISIONS FOR LIABILITIES

2024

£

Deferred tax

Deferred tax

8,820

Deferred

tax

£

Balance at 1 January 2024

(16,839

)

Charge to Income Statement during year

25,659

Balance at 31 December 2024

8,820

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other debtors are loans owed from the directors amounting to £25,786 (2023: £25,939). Interest was charged on these loans at 2.25% and they were fully repaid on 31st March 2025.