Company Registration No. 12582946 (England and Wales)
NOVA VENTURE HOLDINGS LTD
ABRIDGED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
NOVA VENTURE HOLDINGS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
NOVA VENTURE HOLDINGS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Investments
3
5,377,450
5,377,450
Current assets
Debtors
4
3,575,611
2,210,876
Cash at bank and in hand
189,614
242,771
3,765,225
2,453,647
Creditors: amounts falling due within one year
5
(5,175)
(4,689)
Net current assets
3,760,050
2,448,958
Net assets
9,137,500
7,826,408
Capital and reserves
Called up share capital
228
228
Share premium account
5,220,101
5,220,101
Profit and loss reserves
3,917,171
2,606,079
Total equity
9,137,500
7,826,408
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 6 September 2022
J J Tohme
Director
Company Registration No. 12582946
NOVA VENTURE HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 2 -
1
Accounting policies
Company information
Nova Venture Holdings Ltd is a private company limited by shares incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Investments in subsidiary undertakings are recognised at cost.
1.3
Foreign exchange
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2
Employees
The average number of employees by the company during the year was NIL.
3
Fixed asset investments
2021
2020
£
£
Shares in group undertakings and participating interests
5,220,838
5,220,838
Unlisted investments
156,612
156,612
5,377,450
5,377,450
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Other debtors
3,499,789
2,193,326
Directors' current accounts
75,822
17,550
3,575,611
2,210,876
NOVA VENTURE HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 3 -
5
Creditors: amounts falling due within one year
2021
2020
£
£
Other creditors
735
4,689
Accruals
4,440
5,175
4,689
