Registration number: 08136062

Navco Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 9

Navco Limited

Company Information

Directors

C B Henley Mrs A S Barton Mrs L Barton

Registered office

55 Napier Avenue London England SW6 3PS

Accountants

Beevers Moreno Chartered Accountants44 Chatsworth Gardens Acton London W3 9LW

Navco Limited

(Registration number: 08136062)
Abridged Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	12,781	(6,706)
Other financial assets		9,917,520	4,951,612
		9,930,301	4,944,906
Current assets
Debtors		94,132	3,637,454
Cash at bank and in hand		283,835	165,759
		377,967	3,803,213
Creditors: Amounts falling due within one year		(336,831)	(110,312)
Net current assets		41,136	3,692,901
Total assets less current liabilities		9,971,437	8,637,807
Provisions for liabilities		(230,000)	(230,000)
Accruals and deferred income		(2,605,901)	(995,427)
Net assets		7,135,536	7,412,380
Capital and reserves
Called up share capital	6	1	1
Revaluation reserve		902,544	920,380
Retained earnings		6,232,991	6,491,999
Shareholders' funds		7,135,536	7,412,380

For the financial period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 May 2026 and signed on its behalf by:
 

Navco Limited

(Registration number: 08136062)
Abridged Balance Sheet as at 31 March 2026

......................................... C B Henley Director

Navco Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 June 2025 to 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
55 Napier Avenue
London
SW6 3PS
England

These financial statements were authorised for issue by the Board on 7 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account.

Current tax is the corporation tax payable in respect of the taxable profit for this reporting period. It is measured at the amount expected to be paid using the tax rates and laws currently in force.

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Navco Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 June 2025 to 31 March 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Office equipment	15% reducing balance

Investments

Listed investments are stated at their market value at the balance sheet date.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Navco Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 June 2025 to 31 March 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2025 - 3).

Navco Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 June 2025 to 31 March 2026

4	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 June 2025	680,116	14,685	694,801
Additions	-	2,731	2,731
Disposals	(418,158)	-	(418,158)
At 31 March 2026	261,958	17,416	279,374
Depreciation
At 1 June 2025	689,350	12,157	701,507
Charge for the period	31,244	2,176	33,420
Eliminated on disposal	(468,334)	-	(468,334)
At 31 March 2026	252,260	14,333	266,593
Carrying amount
At 31 March 2026	9,698	3,083	12,781
At 31 May 2025	(9,234)	2,528	(6,706)

Navco Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 June 2025 to 31 March 2026

5	Investments

Other investments

The market value of the listed investments at 31 March 2026 was £9,848,454 (2025 - £4,882,546).

6	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £0.01 (2025 - £1) each	52	1	1	1
Ordinary Shares of £0.01 (2025 - £0) each	48	-	-	-
	100	1	1	1

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current period were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on revaluation of other assets	(17,836)	(17,836)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on revaluation of other assets	177,879	177,879

8	Related party transactions

Navco Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 June 2025 to 31 March 2026

Directors' remuneration

The directors' remuneration for the period was as follows:

	2026 £	2025 £
Contributions paid to money purchase schemes	90,000	12,000