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Company No: 01085858 (England and Wales)

# NAVRON LTD

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

NAVRON LTD

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

NAVRON LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
NAVRON LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 313,045 |  | 251,202
Investment property | 4 | 200,000 |  | 200,000
|  | 513,045 |  | 451,202
Current assets |  |  |  |
Stocks | 5 | 15,000 |  | 10,000
Debtors | 6 | 28,076 |  | 36,097
Cash at bank and in hand | 7 | 29,980 |  | 6,231
|  | 73,056 |  | 52,328
Creditors: amounts falling due within one year | 8 | ( 159,513) |  | ( 136,874)
Net current liabilities |  | (86,457) |  | (84,546)
Total assets less current liabilities |  | 426,588 |  | 366,656
Net assets |  | 426,588 |  | 366,656
Capital and reserves |  |  |  |
Called-up share capital | 10 | 100 |  | 100
Revaluation reserve |  | 256,854 |  | 310,160
Profit and loss account |  | 169,634 |  | 56,396
Total shareholder's funds |  | 426,588 |  | 366,656

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Navron Ltd (registered number: 01085858) were approved and authorised for issue by the Director. They were signed on its behalf by:

Simon Dominic Swift Director |

22 December 2025

NAVRON LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
NAVRON LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Navron Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
Plant and machinery etc. | 12.5 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.
Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including the director | 7 |  | 6

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 150,000 |  | 792,813 |  | 942,813
Additions | 0 |  | 33,944 |  | 33,944
At 31 March 2025 | 150,000 |  | 826,757 |  | 976,757
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 54,750 |  | 636,861 |  | 691,611
Charge for the financial year | ( 54,750) |  | 26,851 |  | ( 27,899)
At 31 March 2025 | 0 |  | 663,712 |  | 663,712
Net book value |  |  |  |  |
At 31 March 2025 | 150,000 |  | 163,045 |  | 313,045
At 31 March 2024 | 95,250 |  | 155,952 |  | 251,202

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 April 2024 | 200,000
As at 31 March 2025 | 200,000

The 2025 valuations were made by directors, on an open market value for existing use basis.

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 15,000 |  | 10,000

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 28,076 |  | 36,097

#### 7. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 29,980 |  | 6,231

#### 8. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 25,002 |  | 37,986
Taxation and social security | 13,322 |  | 8,403
Other creditors | 121,189 |  | 90,485
| 159,513 |  | 136,874

#### 9. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 32,426) |  | 0
Charged to the Statement of Income and Retained Earnings | ( 24,842) |  | ( 32,426)
At the end of financial year | ( 57,268) |  | ( 32,426)

#### 10. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100