ACCOUNTS - Final Accounts

Creditors: amounts falling due within one year

Registered number: 06102417

NVE INSPECTIONS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025


NVE INSPECTIONS LIMITED REGISTERED NUMBER:06102417

BALANCE SHEET

AS AT 28 FEBRUARY 2025

	28 February	29 February
	2025	2024
Note	£	£

Fixed assets
Investments	4		100		100
			100		100
Current assets
Debtors: amounts falling due within one year	5	127,578		1,018,983
		127,578		1,018,983
Creditors: amounts falling due within one year	6	(103,246)		(992,825)
Net current assets			24,332		26,158
Total assets less current liabilities			24,432		26,258

Net assets			24,432		26,258

Capital and reserves
Called up share capital	7	2	1
Profit and loss account		24,430	26,257
		24,432	26,258

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NVE INSPECTIONS LIMITED REGISTERED NUMBER:06102417

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 profit and loss account 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 by:

I McAndrew

Director

Date: 17 December 2025

The notes on pages 3 to 5 form part of these financial statements.

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NVE INSPECTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1.	General information

NVE Inspections Limited is a private company, limited by shares, registered in England and Wales, registration number 06102417. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of holding company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

2.3

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, and loans with related parties.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Dividend income is recognised when the right to receive payment is established.

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NVE INSPECTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Employees

The average monthly number of employees, including the director, during the year was 1 (2024 -1).

4.	Fixed asset investments

		Investments in a subsidiary company
		£
	Cost
	At 1 March 2024	100
	At 28 February 2025	100

Subsidiary undertaking
The following was a subsidiary undertaking of the company:
Name	Principal activity	Class of shares	Holding

Wildlife Entertainment Ltd

Artist Management

Ordinary

100%

Debtors

					28 February	29 February
					2025	2024
					£	£


Other debtors	127,578	1,018,983

Amounts owed to group undertakings	101,417	992,165
Accruals	1,829	660
	103,246	992,825

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NVE INSPECTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Authorised, allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £1.00	1	1
1 (2024 - Nil) Redeemable preference share of £1.00	1	-

	2	1

During the year, the company issued 1 redeemable preference share of £1 at par.

8.	Transactions with the director

During the year, the company advanced £12,208,417 (2024 - £1,036,022) to the director. As at the year end, director owed £127,578 (2024 - £1,018,984) to the company. The loan is unsecured, interest free and repayable on demand.

During the year, dividends of £NIL (2024 - £300,000) were paid to the director.

9.	Related party transactions
	No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35. During the year, the company’s employee ownership trust (EOT) has acquired the ordinary share in the company and holds it in a trust for employees. In the 2025 financial year £18,870,750 was gifted to the EOT from the company.

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