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REGISTERED NUMBER: SC273374 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

NOBLE PROPERTY SOLUTIONS LTD.

NOBLE PROPERTY SOLUTIONS LTD. (REGISTERED NUMBER: SC273374)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NOBLE PROPERTY SOLUTIONS LTD.

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: E Bennett





REGISTERED OFFICE: 108 Hawkhead Road
Paisley
Renfrewshire
PA2 7BA





REGISTERED NUMBER: SC273374 (Scotland)





ACCOUNTANTS: John M Taylor & Co
Chartered Accountants
9 Glasgow Road
PAISLEY
Renfrewshire
PA1 3QS

NOBLE PROPERTY SOLUTIONS LTD. (REGISTERED NUMBER: SC273374)

BALANCE SHEET
30 June 2023

30.6.22 30.6.23
£    £    Notes £    £   
FIXED ASSETS
177,926 Tangible assets 5 340,818

CURRENT ASSETS
906,580 Debtors 6 499,113
193,597 Cash at bank and in hand 781,817
1,100,177 1,280,930
CREDITORS
703,208 Amounts falling due within one year 7 756,974
396,969 NET CURRENT ASSETS 523,956
574,895 TOTAL ASSETS LESS CURRENT
LIABILITIES

864,774

CREDITORS
(95,472 ) Amounts falling due after more than one
year

8

(194,894

)

(33,806 ) PROVISIONS FOR LIABILITIES (84,566 )
445,617 NET ASSETS 585,314

CAPITAL AND RESERVES
10,000 Called up share capital 5,300
- Capital redemption reserve 4,700
435,617 Retained earnings 575,314
445,617 SHAREHOLDERS' FUNDS 585,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NOBLE PROPERTY SOLUTIONS LTD. (REGISTERED NUMBER: SC273374)

BALANCE SHEET - continued
30 June 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2023 and were signed by:





E Bennett - Director


NOBLE PROPERTY SOLUTIONS LTD. (REGISTERED NUMBER: SC273374)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Noble Property Solutions Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of contracts for on-going services is recognised by reference to the cost at the balance sheet date plus a contribution to profit dependent on the status of services completed.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Assets held under finance leases are depreciated in the same way as owned assets.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.


NOBLE PROPERTY SOLUTIONS LTD. (REGISTERED NUMBER: SC273374)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash & cash equivalents
Cash and cash equivalents are basic financial assets and 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
Basic financial instruments are recognised at amortised cost. Financial assets and liabilties are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 21 ) .

NOBLE PROPERTY SOLUTIONS LTD. (REGISTERED NUMBER: SC273374)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor Computer
Totals machinery fittings vehicles equipment
£    £    £    £    £   
COST
At 1 July 2022 302,574 43,941 4,914 246,606 7,113
Additions 257,339 2,344 - 250,871 4,124
At 30 June 2023 559,913 46,285 4,914 497,477 11,237
DEPRECIATION
At 1 July 2022 124,648 13,031 2,740 104,143 4,734
Charge for year 94,447 11,580 1,088 78,993 2,786
At 30 June 2023 219,095 24,611 3,828 183,136 7,520
NET BOOK VALUE
At 30 June 2023 340,818 21,674 1,086 314,341 3,717
At 30 June 2022 177,926 30,910 2,174 142,463 2,379

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 78,998
Additions 248,151
Transfer to ownership (13,998 )
At 30 June 2023 313,151
DEPRECIATION
At 1 July 2022 12,417
Charge for year 35,689
Transfer to ownership (7,000 )
At 30 June 2023 41,106
NET BOOK VALUE
At 30 June 2023 272,045
At 30 June 2022 66,581

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 315,677 775,574
Amounts recoverable on contracts 95,000 64,650
Other debtors 88,436 66,356
499,113 906,580

NOBLE PROPERTY SOLUTIONS LTD. (REGISTERED NUMBER: SC273374)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 87,978 14,575
Trade creditors 251,914 222,448
Taxation and social security 180,425 255,208
Other creditors 236,657 210,977
756,974 703,208

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 154,894 35,472
Other creditors 40,000 60,000
194,894 95,472

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Hire purchase contracts 242,872 50,047

Obligations under hire purchase contracts are secured over the assets to which they relate.

10. RELATED PARTY DISCLOSURES

At the year end there was a balance due to the director of £90,305 (2022: £46,085). The company pays interest on the balance at a commercial rate. The balance is repayable on demand and has no fixed repayment terms.

11. ULTIMATE CONTROLLING PARTY

Euan Bennett and Linzi Bennett are the ultimate controlling parties by virtue of their 87.45% shareholding in the company.