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Registration number: 14144442

New-Gen Ventures Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

New-Gen Ventures Ltd

Contents

Company Information | 1
Accountants' Report | 2
Statement of Financial Position | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 9

New-Gen Ventures Ltd

Company Information

Director | M Anastasi

Registered office | 163 Herne Hill London SE24 9LR

Accountants | Innovi Advisors Ltd Chartered Certified Accountants163 Herne Hill London SE24 9LR

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
New-Gen Ventures Ltd
for the Year Ended 30 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of New-Gen Ventures Ltd for the year ended 30 November 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of New-Gen Ventures Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of New-Gen Ventures Ltd and state those matters that we have agreed to state to the Board of Directors of New-Gen Ventures Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than New-Gen Ventures Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that New-Gen Ventures Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of New-Gen Ventures Ltd. You consider that New-Gen Ventures Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of New-Gen Ventures Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

5 August 2026

New-Gen Ventures Ltd

(Registration number: 14144442)
Statement of Financial Position as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,577 | 2,602
Investment property | 5 | 1,854,675 | 1,535,000
|  | 1,856,252 | 1,537,602
Current assets |  |  |
Debtors | 6 | 1,915 | 2,150
Cash at bank and in hand |  | 4,594 | 5,735
|  | 6,509 | 7,885
Creditors: Amounts falling due within one year | 7 | (32,298) | (21,791)
Net current liabilities |  | (25,789) | (13,906)
Total assets less current liabilities |  | 1,830,463 | 1,523,696
Creditors: Amounts falling due after more than one year | 7 | (1,785,712) | (1,485,599)
Provisions for liabilities |  | (19,257) | (19,257)
Net assets |  | 25,494 | 18,840
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Revaluation reserve |  | 82,096 | 82,096
Retained earnings |  | (56,702) | (63,356)
Shareholders' funds |  | 25,494 | 18,840

New-Gen Ventures Ltd

(Registration number: 14144442)
Statement of Financial Position as at 30 November 2025 (continued)

For the financial year ending 30 November 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 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 director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 5 August 2026

M Anastasi Director |  |

New-Gen Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

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

The address of its registered office is:
163 Herne Hill
London
SE24 9LR

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 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 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.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

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.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

New-Gen Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

2 | Accounting policies (continued)

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 | 25% Straight line method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

New-Gen Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

2 | Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

New-Gen Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

4 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 December 2024 | 4,100 | 4,100
At 30 November 2025 | 4,100 | 4,100
Depreciation
At 1 December 2024 | 1,498 | 1,498
Charge for the year | 1,025 | 1,025
At 30 November 2025 | 2,523 | 2,523
Carrying amount
At 30 November 2025 | 1,577 | 1,577
At 30 November 2024 | 2,602 | 2,602

5 | Investment properties

| 2025 £
At 1 December | 1,535,000
Additions | 319,675
At 30 November | 1,854,675

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 1,000 | 2,150
Prepayments | 915 | -
| 1,915 | 2,150

New-Gen Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 30,914 | 20,057
Accruals and deferred income |  | 1,384 | 1,734
|  | 32,298 | 21,791

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 1,785,712 | 1,485,599

Creditors include bank loans and overdrafts which are secured of £1,810,005 (2024 - £1,504,317). The loans are secured by fixed charges over the respective investment properties.

Creditors include bank loans repayable by instalments of £1,655,435 (2024 - £1,404,030) due after more than five years.

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 1,785,712 | 1,485,599