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Company Registration No. 10347879 (England and Wales)
Noble Palms Limited Unaudited accounts for the year ended 31 August 2024
Noble Palms Limited Unaudited accounts Contents
Page
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Noble Palms Limited Company Information for the year ended 31 August 2024
Director
Michael Pakeman
Company Number
10347879 (England and Wales)
Registered Office
Willow Cottage Lower Bostraze Newbridge Cornwall TR20 8PU England
Accountants
Darroch Accountancy Ltd 9 Old Foundry Close St Just Cornwall TR19 7QS
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Noble Palms Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,557 
3,197 
Investment property
469,656 
465,920 
472,213 
469,117 
Current assets
Inventories
3,708 
8,683 
Debtors
18,817 
959 
Cash at bank and in hand
7,166 
30,222 
29,691 
39,864 
Creditors: amounts falling due within one year
(177,348)
(205,638)
Net current liabilities
(147,657)
(165,774)
Total assets less current liabilities
324,556 
303,343 
Creditors: amounts falling due after more than one year
(155,548)
(160,375)
Provisions for liabilities
Deferred tax
- 
(12,030)
Other provisions
5,838 
5,838 
5,838 
(6,192)
Net assets
174,846 
136,776 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
174,746 
136,676 
Shareholders' funds
174,846 
136,776 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 May 2025 and were signed on its behalf by
Michael Pakeman Director Company Registration No. 10347879
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Noble Palms Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Noble Palms Limited is a private company, limited by shares, registered in England and Wales, registration number 10347879. The registered office is Willow Cottage, Lower Bostraze, Newbridge, Cornwall, TR20 8PU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Noble Palms Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
7,846 
30,000 
37,846 
At 31 August 2024
7,846 
30,000 
37,846 
Depreciation
At 1 September 2023
4,649 
30,000 
34,649 
Charge for the year
640 
- 
640 
At 31 August 2024
5,289 
30,000 
35,289 
Net book value
At 31 August 2024
2,557 
- 
2,557 
At 31 August 2023
3,197 
- 
3,197 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
465,920 
Additions
3,736 
At 31 August 2024
469,656 
6
Inventories
2024 
2023 
£ 
£ 
Raw materials
3,708 
8,683 
3,708 
8,683 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
4,470 
Accrued income and prepayments
921 
679 
Other debtors
13,426 
280 
18,817 
959 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,324 
5,324 
Taxes and social security
4,391 
- 
Other creditors
4,303 
5,106 
Loans from directors
143,420 
171,187 
Accruals
19,910 
24,021 
177,348 
205,638 
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Noble Palms Limited Notes to the Accounts for the year ended 31 August 2024
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
155,548 
160,375 
10
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
(4,470)
(7,970)
Revaluation of investment property
- 
20,000 
(4,470)
12,030 
2024 
2023 
£ 
£ 
Provision at start of year
12,030 
(3,797)
(Credited)/charged to the profit and loss account
(16,500)
15,827 
Provision at end of year
(4,470)
12,030 
11
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
12
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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