4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 10,200 10,100 100 100 2,686,555 2,686,555 2,686,555 xbrli:pure xbrli:shares iso4217:GBP 03202642 2023-05-01 2024-04-30 03202642 2024-04-30 03202642 2023-04-30 03202642 2022-05-01 2023-04-30 03202642 2023-04-30 03202642 2022-04-30 03202642 core:MotorVehicles 2023-05-01 2024-04-30 03202642 bus:Director1 2023-05-01 2024-04-30 03202642 core:MotorVehicles 2024-04-30 03202642 core:WithinOneYear 2024-04-30 03202642 core:WithinOneYear 2023-04-30 03202642 core:AfterOneYear 2024-04-30 03202642 core:AfterOneYear 2023-04-30 03202642 core:ShareCapital 2024-04-30 03202642 core:ShareCapital 2023-04-30 03202642 core:SharePremium 2024-04-30 03202642 core:SharePremium 2023-04-30 03202642 core:RetainedEarningsAccumulatedLosses 2024-04-30 03202642 core:RetainedEarningsAccumulatedLosses 2023-04-30 03202642 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 03202642 core:Non-currentFinancialInstruments 2024-04-30 03202642 core:Non-currentFinancialInstruments 2023-04-30 03202642 core:MotorVehicles 2023-04-30 03202642 bus:SmallEntities 2023-05-01 2024-04-30 03202642 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03202642 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03202642 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03202642 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 03202642
NOBLE VENTURE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 April 2024
NOBLE VENTURE LIMITED
STATEMENT OF FINANCIAL POSITION
30 April 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
100
100
Investments
6
2,686,555
2,686,555
------------
------------
2,686,655
2,686,655
CURRENT ASSETS
Debtors
7
172,358
184,008
Cash at bank and in hand
2,019
127
---------
---------
174,377
184,135
CREDITORS: amounts falling due within one year
8
( 2,158,396)
( 2,161,918)
------------
------------
NET CURRENT LIABILITIES
( 1,984,019)
( 1,977,783)
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
702,636
708,872
CREDITORS: amounts falling due after more than one year
9
( 8,167)
( 15,167)
---------
---------
NET ASSETS
694,469
693,705
---------
---------
CAPITAL AND RESERVES
Called up share capital
23,076
23,076
Share premium account
813,429
813,429
Profit and loss account
( 142,036)
( 142,800)
---------
---------
SHAREHOLDERS FUNDS
694,469
693,705
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
NOBLE VENTURE LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 23 January 2025 , and are signed on behalf of the board by:
The Hon S J Bellow
Director
Company registration number: 03202642
NOBLE VENTURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, West Yorkshire, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The company is exempt from the requirement to prepare group accounts by virtue of section 398 of the Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about its group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. TANGIBLE ASSETS
Motor vehicles
Total
£
£
Cost
At 1 May 2023 and 30 April 2024
10,200
10,200
--------
--------
Depreciation
At 1 May 2023 and 30 April 2024
10,100
10,100
--------
--------
Carrying amount
At 30 April 2024
100
100
--------
--------
At 30 April 2023
100
100
--------
--------
6. INVESTMENTS
Unlisted
£
Cost
At 1 May 2023 and 30 April 2024
2,686,555
------------
Impairment
At 1 May 2023 and 30 April 2024
------------
Carrying amount
At 30 April 2024
2,686,555
------------
At 30 April 2023
2,686,555
------------
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
7. DEBTORS
2024
2023
£
£
Trade debtors
126,087
137,737
Other debtors
46,271
46,271
---------
---------
172,358
184,008
---------
---------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
7,000
7,000
Trade creditors
120
239
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,926,316
1,925,316
Social security and other taxes
5,219
7,778
Amounts due to related companies
12,286
12,286
Other creditors
207,455
209,299
------------
------------
2,158,396
2,161,918
------------
------------
9. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
8,167
15,167
-------
--------