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REGISTERED NUMBER: 10861637 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Noble Property Group Ltd

Noble Property Group Ltd (Registered number: 10861637)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Noble Property Group Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr R P Hewitson
Mr D J Hewitson
Mr B W D Hewitson





REGISTERED OFFICE: Saxon Works
Park House Street
Openshaw
Manchester
M11 2FY





REGISTERED NUMBER: 10861637 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Noble Property Group Ltd (Registered number: 10861637)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 4,637,000 4,101,000

CURRENT ASSETS
Debtors 5 106,582 80,477
Cash at bank 46,410 43,383
152,992 123,860
CREDITORS
Amounts falling due within one year 6 (11,867 ) (14,912 )
NET CURRENT ASSETS 141,125 108,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,778,125

4,209,948

CREDITORS
Amounts falling due after more than one
year

7

(3,009,587

)

(2,997,610

)

PROVISIONS FOR LIABILITIES 9 (410,812 ) (210,377 )
NET ASSETS 1,357,726 1,001,961

CAPITAL AND RESERVES
Called up share capital 300 300
Revaluation reserve 10 1,232,435 896,870
Retained earnings 124,991 104,791
1,357,726 1,001,961

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Property Group Ltd (Registered number: 10861637)

Balance Sheet - continued
31 July 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 31 January 2025 and were signed on its behalf by:





Mr R P Hewitson - Director


Noble Property Group Ltd (Registered number: 10861637)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Noble Property Group Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax 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 3 (2023 - 3 ) .

Noble Property Group Ltd (Registered number: 10861637)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 4,101,000
Revaluations 536,000
At 31 July 2024 4,637,000
NET BOOK VALUE
At 31 July 2024 4,637,000
At 31 July 2023 4,101,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2018 13,042
Valuation in 2019 25,241
Valuation in 2020 (83,787 )
Valuation in 2021 114,000
Valuation in 2022 744,884
Valuation in 2023 293,866
Valuation in 2024 536,000
Cost 2,993,754
4,637,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,993,754 2,993,754

Investment property was valued on an open market basis on 31 July 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed by group undertakings 106,582 80,477

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,980
Tax 9,353 10,953
Accrued expenses 2,514 1,979
11,867 14,912

Noble Property Group Ltd (Registered number: 10861637)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 2,152,531 2,071,888
Amounts owed to group undertakings 250,000 -
Directors' loan accounts 607,056 925,722
3,009,587 2,997,610

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,152,531 2,071,888

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,152,531 2,071,888

The loans are secured against the properties being mortgaged.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 410,812 210,377

Deferred
tax
£   
Balance at 1 August 2023 210,377
Property revaluation
movement 200,435
Balance at 31 July 2024 410,812

10. RESERVES
Revaluation
reserve
£   
At 1 August 2023 896,870
Revaluation 335,565

At 31 July 2024 1,232,435

11. OTHER FINANCIAL COMMITMENTS

The business has outstanding bank loans as 31st July 2024 totalling £2,152,531 (2023: £2,071,888). These are shown in creditors due in more than 1 year.

Noble Property Group Ltd (Registered number: 10861637)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr R P Hewitson
Balance outstanding at start of year 308,390 336,371
Amounts advanced - 22,019
Amounts repaid (106,000 ) (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 202,390 308,390

Mr B W D Hewitson
Balance outstanding at start of year 308,166 336,146
Amounts advanced - 22,020
Amounts repaid (106,333 ) (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 201,833 308,166

Mr D J Hewitson
Balance outstanding at start of year 309,166 336,146
Amounts advanced - 22,020
Amounts repaid (106,333 ) (49,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 202,833 309,166

13. RELATED PARTY DISCLOSURES

During the year, Noble Property Group Ltd charged management fees of £721 (2023: £817) to the Noble Property Group partnership, as at 31/07/2024 Noble Property Group Ltd were owed £106,432 from the related party. At the year end, Noble Property Group Ltd also owed £249,850 (2023: £0) to other related parties.

14. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party by virtue of their shares.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Noble Property Group Ltd

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 Balance Sheet. 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 Noble Property Group Ltd for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet 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 Noble Property Group Ltd, 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 Noble Property Group Ltd and state those matters that we have agreed to state to the Board of Directors of Noble Property Group Ltd, 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 Noble Property Group Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Noble Property Group Ltd 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 profit of Noble Property Group Ltd. You consider that Noble Property Group Ltd 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 Noble Property Group Ltd. 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.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................