REGISTERED NUMBER: 02121838 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

NOVA PROPERTIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C O Hargreaves

P M Hargreaves

SECRETARY:

P M Hargreaves

REGISTERED OFFICE:

Warren Farm House

Warren Road

Guildford

Surrey

GU1 2HF

REGISTERED NUMBER:

02121838 (England and Wales)

FIXED ASSETS

Investments

4

50

50

Investment property

5

725,000

725,000

725,050

725,050

CURRENT ASSETS

Debtors

-

4,815

Cash at bank

32,349

13,056

32,349

17,871

CREDITORS

Amounts falling due within one year

4,847

4,860

NET CURRENT ASSETS

27,502

13,011

TOTAL ASSETS LESS CURRENT LIABILITIES

752,552

738,061

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

752,550

738,059

SHAREHOLDERS' FUNDS

752,552

738,061

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 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

P M Hargreaves - Director

1.	STATUTORY INFORMATION

Nova Properties 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Turnover

Turnover represents income relating to the provision of rental property received during the year, as well as proceeds from the sale of property developments.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Investment property

Investment properties are measured at fair value at each reporting date, with gains or losses recognised in the profit or loss account. Properties are revalued annually using an open market valuation basis. Material deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost, except for investments in shares which are measured at fair value. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation

Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

50

NET BOOK VALUE

At 31 March 2025

50

At 31 March 2024

50

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

725,000

NET BOOK VALUE

At 31 March 2025

725,000

At 31 March 2024

725,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2016

181,517

Valuation in 2018

27,337

Cost

516,146

725,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

516,146

516,146

The investment property was valued on an open market basis on 31 March 2019 by the director .

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2025, the director had loaned the company £226 (2024 - the company had loaned the director £4,815). This was the maximum amount owed during the year and is repayable on demand, no interest was charged on the loan.