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REGISTERED NUMBER: 06430481 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

NOBLE HOUSE PROPERTY VENTURES LIMITED

NOBLE HOUSE PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 06430481)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NOBLE HOUSE PROPERTY VENTURES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr R G Kilikita





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 06430481 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

NOBLE HOUSE PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 06430481)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 5,750,000 5,750,000

CURRENT ASSETS
Debtors 5 320,888 3,766
Cash at bank 923,421 1,715,400
1,244,309 1,719,166
CREDITORS
Amounts falling due within one year 6 151,339 914,699
NET CURRENT ASSETS 1,092,970 804,467
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,842,970

6,554,467

PROVISIONS FOR LIABILITIES 7 380,199 380,199
NET ASSETS 6,462,771 6,174,268

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Share premium 9 990,000 990,000
Retained earnings 9 5,462,771 5,174,268
SHAREHOLDERS' FUNDS 6,462,771 6,174,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 HOUSE PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 06430481)

BALANCE SHEET - continued
31 JANUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





Mr R G Kilikita - Director


NOBLE HOUSE PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 06430481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Noble House Property Ventures 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 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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales 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.

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 balance sheet date.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

NOBLE HOUSE PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 06430481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 5,750,000
NET BOOK VALUE
At 31 January 2024 5,750,000
At 31 January 2023 5,750,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2014 896,823
Valuation in 2016 2,000,001
Valuation in 2020 (750,000 )
Cost 3,603,176
5,750,000

The valuations were made by the director, on an open market value basis as at 31 January 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 38 138
Amounts owed by group undertakings 286,830 253
Other debtors 28,000 -
VAT 2,350 -
Prepayments 3,670 3,375
320,888 3,766

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts owed to group undertakings - 733,676
Tax 91,257 119,945
VAT - 1,920
Other creditors - 5,100
Accruals and deferred income 60,082 54,058
151,339 914,699

7. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 380,199 380,199

NOBLE HOUSE PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 06430481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 380,199
Balance at 31 January 2024 380,199

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
500,000 Ordinary A Shares 0.01 5,000 5,000
500,000 Ordinary B Shares 0.01 5,000 5,000
10,000 10,000

9. RESERVES


£

Distributable reserves3,696,146
Non-distributable reserves1,766,625
At 31 January 20245,462,771