De Novo (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04035860 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

De Novo (UK) Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTORS:

W F Keenan

K B Foley

SECRETARY:

K Paternoster

REGISTERED OFFICE:

1 Northumberland Avenue

London

WC2N 5BW

REGISTERED NUMBER:

04035860 (England and Wales)

ACCOUNTANTS:

Charcroft Baker LLP

Chartered Accountants

5 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Directors are not required to be

filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of De Novo (UK) Limited for the year ended 31 December 2017 which comprise the

Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in

Equity and the related notes from the company's accounting records and from information and explanations

you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of De Novo (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of De Novo (UK) Limited and state those matters that we have agreed to state to the Board of Directors of De Novo (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than De Novo (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that De Novo (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of De Novo (UK) Limited. You consider that De Novo (UK) Limited 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 financial statements of De Novo (UK) Limited. 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 financial statements.

Charcroft Baker LLP

Chartered Accountants

5 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

28 September 2018

CURRENT ASSETS

Debtors

5

180,419

194,497

Investments

6

246,642

223,780

Cash at bank

53,419

59,507

480,480

477,784

CREDITORS

Amounts falling due within one year

7

108,639

7,885

NET CURRENT ASSETS

371,841

469,899

TOTAL ASSETS LESS CURRENT LIABILITIES

371,841

469,899

CREDITORS

Amounts falling due after more than one year

8

-

(97,233

)

PROVISIONS FOR LIABILITIES

(3,807

)

(1,366

)

NET ASSETS

368,034

371,300

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

9

20,037

7,191

Retained earnings

347,995

364,107

SHAREHOLDERS' FUNDS

368,034

371,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 September 2018 and were signed on its behalf by:

W F Keenan - Director

1.	STATUTORY INFORMATION

De Novo (UK) 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Turnover from the rendering of services, is recognised by reference to the stage of completion of the

contract.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated at the rate of

exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Investments

Investments comprise of listed investments which are measured at fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2017

and 31 December 2017

1,359

DEPRECIATION

At 1 January 2017

and 31 December 2017

1,359

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

-

5.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

50,644

25,158

Amounts owed by related parties

128,163

-

Other debtors

1,612

14,996

180,419

40,154

Amounts falling due after more than one year:

Amounts owed by related parties

-

154,343

Aggregate amounts

180,419

194,497

6.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Listed investments

246,642

223,780

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

4,781

3,098

Amounts owed to related parties

98,863

-

Taxation and social security

495

287

Other creditors

4,500

4,500

108,639

7,885

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Amounts owed to related parties

-

97,233

9.

RESERVES

Fair

value

reserve

£

At 1 January 2017

7,191

Unrealised gain on investment

12,846

At 31 December 2017

20,037

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Within trade creditors is £1,261 (2016: £Nil) owed to the director W F Keenan, the debt is unsecured,

interest free and repayable on demand.

11.	RELATED PARTY DISCLOSURES

12.	ULTIMATE CONTROLLING PARTY