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REGISTERED NUMBER: 07268556 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Noble Inns Limited

Noble Inns Limited (Registered number: 07268556)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Noble Inns Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: G Burman
B Weller





REGISTERED OFFICE: 1st Floor
Cromwell House
14 Fulwood Place
London
WC1V 6HZ





REGISTERED NUMBER: 07268556 (England and Wales)





ACCOUNTANTS: Gorrie Whitson Limited
1st Floor, Cromwell House
14 Fulwood Place
London
WC1V 6HZ

Noble Inns Limited (Registered number: 07268556)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 138,741 135,241
138,741 135,241

CURRENT ASSETS
Stocks 21,309 20,582
Debtors 6 540,174 367,890
Cash at bank 1,574 3,548
563,057 392,020
CREDITORS
Amounts falling due within one year 7 878,773 762,233
NET CURRENT LIABILITIES (315,716 ) (370,213 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(176,975

)

(234,972

)

CAPITAL AND RESERVES
Called up share capital 77 77
Capital redemption reserve 23 23
Retained earnings (177,075 ) (235,072 )
(176,975 ) (234,972 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Noble Inns Limited (Registered number: 07268556)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





B Weller - Director


Noble Inns Limited (Registered number: 07268556)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Noble Inns 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Going concern
At 31st March 2024 the company was reliant on the cash resources of other group companies and a related party to meet its liabilities. The directors of those other group companies and related party confirm that this financial support will continue and the going concern basis of preparation is therefore appropriate.

Noble Inns Limited (Registered number: 07268556)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023
and 31 March 2024 100,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 114,891 193,149 59,772 367,812
Additions 7,475 18,392 - 25,867
At 31 March 2024 122,366 211,541 59,772 393,679
DEPRECIATION
At 1 April 2023 40,759 147,212 44,600 232,571
Charge for year 4,841 13,733 3,793 22,367
At 31 March 2024 45,600 160,945 48,393 254,938
NET BOOK VALUE
At 31 March 2024 76,766 50,596 11,379 138,741
At 31 March 2023 74,132 45,937 15,172 135,241

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 503,178 213,492
Other debtors 36,996 154,398
540,174 367,890

Noble Inns Limited (Registered number: 07268556)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 619
Trade creditors 219,217 252,890
Taxation and social security 434,138 388,487
Other creditors 225,418 120,237
878,773 762,233



8. COMMITMENTS UNDER OPERATNG LEASES

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:


2024 2023
£ £

Due within one year 120,000 120,000
Due between one and five years 480,000 480,000

Due after five years 1,680,000 1,800,000
----------------- ------------------
£2,280,000 £2,400,000
========= =========

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
B Weller
Balance outstanding at start of year 51,000 -
Amounts advanced 7,420 51,000
Amounts repaid (14,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,420 51,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is Elephant Taverns Limited.

The ultimate controlling party is G Burman.