Company No: 08802300 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	P D Dean
	S J Rutt

REGISTERED OFFICE	Beeches Farm
	Icknield Way
	Tring
	HP23 4LA
	United Kingdom

COMPANY NUMBER

08802300 (England and Wales)

	Note	2024		2023
		£		£
Current assets
Debtors	3	2,697,536		2,757,390
Cash at bank and in hand		16,658		0
		2,714,194		2,757,390
Creditors: amounts falling due within one year	4	( 22,956)		( 2,156,331)
Net current assets		2,691,238		601,059
Total assets less current liabilities		2,691,238		601,059
Net assets		2,691,238		601,059
Capital and reserves
Called-up share capital		2,000,100		100
Profit and loss account		691,138		600,959
Total shareholders' funds		2,691,238		601,059

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Noble Pullet Finance Limited (registered number: 08802300) were approved and authorised for issue by the Board of Directors on 03 April 2025. They were signed on its behalf by:

S J Rutt Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Noble Pullet Finance Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is:
Beeches Farm
Icknield Way, Tring
Hertfordshire
HP23 4LA
United Kingdom.

Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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

Turnover

Turnover represents fee and interest income earned during the year from the provision of finance to farmers, exclusive of value added tax. Turnover arises entirely in the United Kingdom and is attributable to the company's principal activity.

Borrowing costs

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Trade and other debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. Trade creditors are recognised initially at the transaction price.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Taxation

The tax expense for the period comprises current tax and deferred tax and is recognised in profit or loss.

Current tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax

The deferred tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	2		2

3. Debtors

	2024		2023
	£		£
Trade debtors	2,697,119		2,744,286
Deferred tax asset	0		13,104
Other debtors	417		0
	2,697,536		2,757,390

4. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank overdrafts	0		79,184
Amounts owed to connected companies (note 6)	0		2,000,000
Taxation and social security	16,956		0
Other creditors	6,000		77,147
	22,956		2,156,331

5. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	13,104		0
Credited to the Profit and Loss Account	0		13,104
Unwinding of discount	( 13,104)		0
At the end of financial year	0		13,104

6. Related party transactions

A company in which the directors have a controlling interest has provided a loan to Noble Pullet Finance Limited which incurs interest at 3.5% per annum (2023 - 3.5%) and is repayable upon demand. During the year ended 30 September 2024, £2,000,000 (2023 - £1,000,000) was repaid. At the balance sheet date the amount payable by Noble Pullet Finance Limited was £nil (2023 - £2,000,000).