Nova Holdings (Bristol) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04063939 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2019

for

NOVA HOLDINGS (BRISTOL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M H Perren

D Perren

T Perren

S Perren

REGISTERED OFFICE:

Unit 1 Commercial Buildings

Beanwood Farm

Shorthill Road

Westerleigh

Bristol

BS37 8QN

REGISTERED NUMBER:

04063939 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

6 - 8 Bath Street

Bristol

BS1 6HL

FIXED ASSETS

Investments

4

4,100

4,100

Investment property

5

-

352,418

4,100

356,518

CURRENT ASSETS

Debtors

6

18,978

96,397

Cash at bank

802,899

375,512

821,877

471,909

CREDITORS

Amounts falling due within one year

7

37,562

45,294

NET CURRENT ASSETS

784,315

426,615

TOTAL ASSETS LESS CURRENT LIABILITIES

788,415

783,133

CAPITAL AND RESERVES

Called up share capital

8

375

375

Capital redemption reserve

3,375

3,375

Retained earnings

784,665

779,383

788,415

783,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on 26 September 2019 and were signed on its behalf by:

M H Perren - Director

1.	COMPANY INFORMATION

Nova Holdings (Bristol) 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.

The company's principal activities and nature of its operations are disclosed in the Directors' Report.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small

Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and

Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting

policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company

has adequate resources to continue in operational existence for the foreseeable future. Thus the directors

continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts

receivable for goods and services provided in the normal course of business, net of discounts, VAT and other

sales related taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid

investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown

within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are

recognised when the company becomes party to the contractual provisions of the instrument. Financial assets

and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally

enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise

the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash

and bank balances, are initially measured at transaction price including transaction costs and are subsequently

carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows

from the asset expire or are settled, or when the company transfers the financial asset and substantially all the

risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are

retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an

unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are

initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the

debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial

liabilities are derecognised when, and only when, the company's contractual obligations are discharged,

cancelled, or they expire.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Preparation of consolidated financial statements

The financial statements contain information about Nova Holdings (Bristol) Ltd as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Investments

Investments relate to unlisted holdings and are shown at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

unlisted

investments

£

COST

At 1 May 2018

and 30 April 2019

4,100

NET BOOK VALUE

At 30 April 2019

4,100

At 30 April 2018

4,100

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2018

352,418

Disposals

(352,418

)

At 30 April 2019

-

NET BOOK VALUE

At 30 April 2019

-

At 30 April 2018

352,418

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed by group undertakings

-

96,397

Directors' current accounts

18,978

-

18,978

96,397

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

3,604

-

Corporation tax

21,866

26,323

Social security and other taxes

150

600

VAT

9,392

9,171

Other creditors

50

50

Directors' current accounts

-

5,000

Accruals and deferred income

2,500

4,150

37,562

45,294

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class:

Nominal

2018

2017

value:

£

£

1,825 Ordinary 'A' shares

10p

183

183

1,525 Ordinary 'B' shares

10p

152

152

200 Ordinary 'D' shares

10p

20

20

200 Ordinary 'E' shares

10p

20

20

375

375