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REGISTERED NUMBER: SC135188 (Scotland)














Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 July 2024

for

THE NOBLE LEISURE COMPANY LIMITED

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)






Contents of the Consolidated Financial Statements
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Income Statement 9

Consolidated Balance Sheet 10

Company Balance Sheet 12

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow
Statement

15

Notes to the Consolidated Financial
Statements

17


THE NOBLE LEISURE COMPANY LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: M Noble
Mrs D Noble
W Noble
C Noble



SECRETARY: M Noble



REGISTERED OFFICE: 47-49 Figgate Lane
Portobello
Edinburgh
EH15 1HJ



REGISTERED NUMBER: SC135188 (Scotland)



SENIOR STATUTORY
AUDITOR:
Stephen Cox



AUDITORS: Hayvenhursts Limited
Chartered Accountants & Statutory Auditor
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Group Strategic Report
FOR THE YEAR ENDED 31 JULY 2024

The directors present their strategic report of the company and the group for the year ended 31 July 2024..

REVIEW OF BUSINESS
This year has seen a stabilisation of the business following on from the disposal of the high street units in 2023.

The principal activity of the company during the year was the provision of leisure services and entertainment activities via adult gaming centres and a family entertainment centre in Portobello, Edinburgh. Additional revenue is derived from catering, and rental agreements at both of our Edinburgh and Aberdeen units.

Gaming and amusement income from adult gaming and family entertainment has risen by almost 6% in the year on a like for like basis, thanks to continued investment in equipment and content in both areas. This, and increased customer engagement, marketing and promotions ensures footfall continues to increase.

A new 10 year lease was entered into in July 2024 for our pizza parlour at Portobello. The lease at our Aberdeen unit has 8 years to run. The directors are satisfied with both tenants business models and their ability to fulfil their lease obligations.

Investment in new heating systems will also positively impact net profit, along with more competitive utility pricing secured in the Autumn of 2024.

PRINCIPAL RISKS AND UNCERTAINTIES
The largest risks and uncertainties the company is exposed to are UK interest rates, staff costs, utility costs, insurance costs, and the impact of the "cost of living" on customer spending habits. These risks also impact our tenants which is turn creates risk and uncertainty for us.

The current ongoing UK gaming legislation review provides its usual uncertainty. While gaming legislation does evolve the UK remains a highly regulated market, yet it does have a tradition of socially responsible gambling. The directors are satisfied that appropriate strategies and systems have been developed to ensure the company operates within the relevant legislation, offering products that can be adapted for any future legislative changes.

KEY PERFORMANCE INDICATORS
In monitoring the company's financial performance, the directors monitor customer footfall, turnover on a daily, weekly and monthly basis, cost of sales, equipment rental costs, staff costs and retention, and indirect taxes.

ON BEHALF OF THE BOARD:





M Noble - Director


18 July 2025

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Report of the Directors
FOR THE YEAR ENDED 31 JULY 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 July 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 August 2023 to the date of this report.

M Noble
Mrs D Noble
W Noble
C Noble

POLITICAL DONATIONS AND EXPENDITURE
Donations of £1,647 were made in the year under review these were not political in nature.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Hayvenhursts Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.


THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Report of the Directors
FOR THE YEAR ENDED 31 JULY 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M Noble - Director


18 July 2025

Report of the Independent Auditors to the Members of
The Noble Leisure Company Limited

Opinion
We have audited the financial statements of The Noble Leisure Company Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 2024 which comprise the Consolidated Income Statement, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 July 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Report of the Independent Auditors to the Members of
The Noble Leisure Company Limited


Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the Directors.

Report of the Independent Auditors to the Members of
The Noble Leisure Company Limited


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISAs, we exercise professional judgment and maintain
professional scepticism throughout the audit. We also:

Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the Company's internal control.

Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by management.

Conclude on the appropriateness of management's use of the going concern basis of
accounting and, based on the audit evidence obtained, whether a material uncertainty
exists relating to events or conditions that may cast significant doubt on the Company's
ability to continue as a going concern. If we conclude that a material uncertainty exists,
we are required to draw attention in our auditor's report to the related disclosures in the
financial statements or, if such disclosures are inadequate, to modify our opinion. Our
conclusions are based on the audit evidence obtained up to the date of our auditor's
report. However, future events or conditions may cause the Company to cease to
continue as a going concern.

We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant
deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
The Noble Leisure Company Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Stephen Cox (Senior Statutory Auditor)
for and on behalf of Hayvenhursts Limited
Chartered Accountants & Statutory Auditor
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

18 July 2025

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Consolidated
Income Statement
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Notes £    £   

TURNOVER 1,663,402 3,902,034

Cost of sales (404,673 ) (789,293 )
GROSS PROFIT 1,258,729 3,112,741

Administrative expenses (1,311,327 ) (3,142,745 )
(52,598 ) (30,004 )

Other operating income 294,493 300,432
OPERATING PROFIT 4 241,895 270,428

Interest receivable and similar
income

26,823

68,985
268,718 339,413

Interest payable and similar
expenses

5

(85,669

)

(171,718

)
PROFIT BEFORE TAXATION 183,049 167,695

Tax on profit (62,776 ) (251,991 )
PROFIT/(LOSS) FOR THE
FINANCIAL YEAR

120,273

(84,296

)

Profit/(loss) attributable to:
Owners of the parent 120,273 (84,296 )

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Consolidated Balance Sheet
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 7 1 1
Tangible assets 8 4,348,394 4,472,380
Investments 9 - -
4,348,395 4,472,381

CURRENT ASSETS
Stocks 10 31,795 12,134
Debtors 11 2,185,350 2,382,079
Cash at bank and in hand 620,423 1,075,420
2,837,568 3,469,633
CREDITORS
Amounts falling due within one year 12 (841,135 ) (1,566,630 )
NET CURRENT ASSETS 1,996,433 1,903,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,344,828

6,375,384

CREDITORS
Amounts falling due after more than
one year

13

(916,579

)

(977,619

)

PROVISIONS FOR LIABILITIES (87,384 ) (100,773 )
NET ASSETS 5,340,865 5,296,992

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Revaluation reserve 15 2,396,383 2,396,383
Retained earnings 2,943,481 2,899,608
SHAREHOLDERS' FUNDS 5,340,865 5,296,992

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Consolidated Balance Sheet - continued
31 JULY 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by:





M Noble - Director


THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Company Balance Sheet
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 7 1 1
Tangible assets 8 3,729,221 3,853,207
Investments 9 2,240,282 2,241,384
5,969,504 6,094,592

CURRENT ASSETS
Stocks 10 31,795 12,134
Debtors 11 2,831,227 3,706,929
Cash at bank and in hand 615,240 321,037
3,478,262 4,040,100
CREDITORS
Amounts falling due within one year 12 (840,339 ) (1,504,452 )
NET CURRENT ASSETS 2,637,923 2,535,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,607,427

8,630,240

CREDITORS
Amounts falling due after more than
one year

13

(916,579

)

(977,619

)

PROVISIONS FOR LIABILITIES (87,384 ) (100,773 )
NET ASSETS 7,603,464 7,551,848

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 2,396,383 2,396,383
Retained earnings 15 5,206,081 5,154,465
SHAREHOLDERS' FUNDS 7,603,464 7,551,848

Company's profit for the financial
year

128,016

1,879,810

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Company Balance Sheet - continued
31 JULY 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by:





M Noble - Director


THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Consolidated Cash Flow Statement
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 324,403 1,136,878
Interest paid (82,650 ) (165,845 )
Interest element of hire purchase
payments paid

(3,019

)

(5,873

)
Tax paid (287,821 ) 1,190
Net cash from operating activities (49,087 ) 966,350

Cash flows from investing activities
Purchase of tangible fixed assets (66,760 ) (291,851 )
Sale of tangible fixed assets 24,350 2,030,991
Interest received 26,823 68,985
Net cash from investing activities (15,587 ) 1,808,125

Cash flows from financing activities
Loan repayments in year (75,615 ) (2,159,451 )
New HP Contracts - 36,049
Capital repayments in year (10,890 ) (28,190 )
Amount withdrawn by directors (227,418 ) -
Equity dividends paid (76,400 ) (11,800 )
Net cash from financing activities (390,323 ) (2,163,392 )

(Decrease)/increase in cash and cash equivalents (454,997 ) 611,083
Cash and cash equivalents at
beginning of year

2

1,075,420

464,337

Cash and cash equivalents at end
of year

2

620,423

1,075,420

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Notes to the Consolidated Cash Flow Statement
FOR THE YEAR ENDED 31 JULY 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 183,049 167,695
Depreciation charges 177,449 191,326
(Profit)/loss on disposal of fixed assets (11,053 ) 1,059,851
Finance costs 85,669 171,718
Finance income (26,823 ) (68,985 )
408,291 1,521,605
(Increase)/decrease in stocks (19,661 ) 1,540
Decrease/(increase) in trade and other debtors 196,729 (359,736 )
Decrease in trade and other creditors (260,956 ) (26,531 )
Cash generated from operations 324,403 1,136,878

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 July 2024
31.7.24 1.8.23
£    £   
Cash and cash equivalents 620,423 1,075,420
Year ended 31 July 2023
31.7.23 1.8.22
£    £   
Cash and cash equivalents 1,075,420 464,337


THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Notes to the Consolidated Cash Flow Statement
FOR THE YEAR ENDED 31 JULY 2024

3. ANALYSIS OF CHANGES IN NET DEBT

At 1.8.23 Cash flow At 31.7.24
£    £    £   
Net cash
Cash at bank and in hand 1,075,420 (454,997 ) 620,423
1,075,420 (454,997 ) 620,423
Debt
Finance leases (31,877 ) 10,890 (20,987 )
Debts falling due within 1 year (109,824 ) 17,723 (92,101 )
Debts falling due after 1 year (956,632 ) 57,892 (898,740 )
(1,098,333 ) 86,505 (1,011,828 )
Total (22,913 ) (368,492 ) (391,405 )

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Notes to the Consolidated Financial Statements
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

The Noble Leisure Company Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the General 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.

Basis of consolidation
The consolidated financial statements incorporate the financial statements of the Company and all the subsidiaries controlled by the Company.

A subsidiary is an entity over which the company has the power to exercise control over the financial and operating policies of an entity so as to obtain the benefits there from.

Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by other members of the Group.

All inter company balances, transactions, income and expenses are eliminated on consolidation and the consolidated financial statements reflect external transactions and balances only.

The company has taken advantage of the exemption conferred by S408 of the Companies Act 2006 to omit it's own profit and loss account.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance and 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

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 Consolidated 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Depreciation of freehold land and buildings in the subsidiary undertaking
No depreciation is provided in respect of freehold land and buildings which is not in accordance with FRS No 15 "Tangible Fixed Assets". The director is of the opinion that the open market valuation of the company's freehold land and buildings is in excess of their original cost. In the absence of a professional valuation the director is unable to quantify the excess. In the opinion of the director there has been no impairment in relation to the company's freehold land and buildings. Based on the useful economic life and the continual periodic maintenance work carried out on the freehold land and buildings the director considers that any depreciation would be immaterial.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 669,169 964,086
Social security costs 46,472 47,708
Other pension costs 14,410 13,511
730,051 1,025,305

The average number of employees during the year was as follows:
2024 2023

Leisure staff 29 31
Administration staff 1 1
Directors/Partners 5 5
35 37

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 177,449 180,598

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 81,460 164,655
Interest on late paid taxation 1,190 1,190
Hire purchase 3,019 5,873
85,669 171,718

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

6. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


7. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 75,001
AMORTISATION
At 1 August 2023
and 31 July 2024 75,000
NET BOOK VALUE
At 31 July 2024 1
At 31 July 2023 1

Company
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 75,001
AMORTISATION
At 1 August 2023
and 31 July 2024 75,000
NET BOOK VALUE
At 31 July 2024 1
At 31 July 2023 1

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

8. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 August 2023 4,139,175 2,460,837 273,604 44,124 6,917,740
Additions - 55,217 11,543 - 66,760
Disposals - (29,490 ) - - (29,490 )
At 31 July 2024 4,139,175 2,486,564 285,147 44,124 6,955,010
DEPRECIATION
At 1 August 2023 70,400 2,118,715 248,171 8,074 2,445,360
Charge for year 70,400 88,792 10,932 7,325 177,449
Eliminated on disposal - (16,193 ) - - (16,193 )
At 31 July 2024 140,800 2,191,314 259,103 15,399 2,606,616
NET BOOK VALUE
At 31 July 2024 3,998,375 295,250 26,044 28,725 4,348,394
At 31 July 2023 4,068,775 342,122 25,433 36,050 4,472,380

Cost or valuation at 31 July 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2006 5,893,492 - - - 5,893,492
Valuation in 2012 (4,000,000 ) - - - (4,000,000 )
Valuation in 2015 500,000 - - - 500,000
Valuation in 2022 110,021 - - - 110,021
Cost 1,635,662 2,486,564 285,147 44,124 4,451,497
4,139,175 2,486,564 285,147 44,124 6,955,010

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

8. TANGIBLE FIXED ASSETS - continued

Group

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 August 2023
and 31 July 2024 75,278
DEPRECIATION
At 1 August 2023
and 31 July 2024 33,009
NET BOOK VALUE
At 31 July 2024 42,269
At 31 July 2023 42,269

Company
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 August 2023 3,520,000 2,460,837 273,604 36,049 6,290,490
Additions - 55,217 11,543 - 66,760
Disposals - (29,490 ) - - (29,490 )
At 31 July 2024 3,520,000 2,486,564 285,147 36,049 6,327,760
DEPRECIATION
At 1 August 2023 70,400 2,118,712 241,421 6,750 2,437,283
Charge for year 70,400 88,792 10,932 7,325 177,449
Eliminated on disposal - (16,193 ) - - (16,193 )
At 31 July 2024 140,800 2,191,311 252,353 14,075 2,598,539
NET BOOK VALUE
At 31 July 2024 3,379,200 295,253 32,794 21,974 3,729,221
At 31 July 2023 3,449,600 342,125 32,183 29,299 3,853,207

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

8. TANGIBLE FIXED ASSETS - continued

Company

Cost or valuation at 31 July 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2006 5,893,492 - - - 5,893,492
Valuation in 2012 (4,405,452 ) - - - (4,405,452 )
Valuation in 2015 500,000 - - - 500,000
Valuation in 2022 362,343 - - - 362,343
Cost 1,169,617 2,486,564 285,147 36,049 3,977,377
3,520,000 2,486,564 285,147 36,049 6,327,760

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,169,617 1,169,617
Aggregate depreciation 468,121 444,729

Freehold land and buildings were valued on an open market basis on by D M Hall RICS and Graham & Sibbald RICS .

On the 23 January 2023, D M Hall RICS revalued one of the company's freehold properties at £1,620,000. The historic cost of this property was £697,687.

On the 24 January 2023, Graham & Sibbald RICS, revalued two of the company's freehold properties at £1,900,000.The historic cost of these properties was £471,930.

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

8. TANGIBLE FIXED ASSETS - continued

Company

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 August 2023
and 31 July 2024 75,278
DEPRECIATION
At 1 August 2023
and 31 July 2024 33,009
NET BOOK VALUE
At 31 July 2024 42,269
At 31 July 2023 42,269

9. FIXED ASSET INVESTMENTS

Group
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 3,459
PROVISIONS
At 1 August 2023
and 31 July 2024 3,459
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

9. FIXED ASSET INVESTMENTS - continued

Company
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST
At 1 August 2023 1 2,241,383 2,241,384
Additions - 27,686 27,686
Disposals - (28,788 ) (28,788 )
At 31 July 2024 1 2,240,281 2,240,282
NET BOOK VALUE
At 31 July 2024 1 2,240,281 2,240,282
At 31 July 2023 1 2,241,383 2,241,384

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Leisure Reconstruction Limited
Registered office:
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves (2,371,980 ) (2,364,237 )
Loss for the year (7,743 ) (2,365,303 )


10. STOCKS

Group Company
2024 2023 2024 2023
£    £    £    £   
Stocks 31,795 12,134 31,795 12,134

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 87,656 158,485 85,151 158,485
Other debtors 2,052,099 2,179,998 47,159 253,560
Due from related parties - - 2,654,172 3,252,138
Prepayments 45,595 43,596 44,745 42,746
2,185,350 2,382,079 2,831,227 3,706,929

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts 92,101 109,824 92,101 109,824
Hire purchase contracts 3,148 10,890 3,148 10,890
Trade creditors 70,251 138,464 69,751 121,969
Tax 77,457 289,113 77,457 289,113
Social security and other taxes 58,620 56,757 60,349 53,390
Other creditors 41,057 55,119 41,057 24,803
Due to related parties 95,934 95,968 95,934 95,968
Directors' current accounts - 227,418 - 227,418
Accrued expenses 402,567 583,077 400,542 571,077
841,135 1,566,630 840,339 1,504,452

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans - 1-2 years 98,548 120,440 98,548 120,440
Bank loans - 2-5 years 339,001 412,329 339,001 412,329
Bank loans more 5 yr by instal 461,191 423,863 461,191 423,863
Hire purchase contracts 17,839 20,987 17,839 20,987
916,579 977,619 916,579 977,619

THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Amounts falling due in more than five years:

Group Company
2024 2023 2024 2023
£    £    £    £   
Repayable by instalments
Bank loans more 5 yr by instal 461,191 423,863 461,191 423,863

14. SECURED DEBTS

The following secured debts are included within creditors:

Company
2024 2023
£    £   
Bank loans 990,841 1,066,456

The Royal Bank of Scotland hold a bond and floating charge over the assets of the company. They also hold first standard securities over the property at 47-49 Figgate Lane, Portobello (The Tower), The Tower Amusement Arcade, Figgate Lane, Portobello and The Boardwalk, Beach Esplanade, Aberdeen.

15. RESERVES

Group
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 2,396,383

Company
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2023 5,154,465 2,396,383 7,550,848
Profit for the year 128,016 128,016
Dividends (76,400 ) (76,400 )
At 31 July 2024 5,206,081 2,396,383 7,602,464


THE NOBLE LEISURE COMPANY LIMITED (REGISTERED NUMBER: SC135188)

Notes to the Consolidated Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

16. ULTIMATE CONTROLLING PARTY

The controlling party is M Noble.

The ultimate controlling party is M Noble.