FRS102 1A Filleted


Company registration number:						03518742
Nobledash Limited

Balance sheet
as at 31 October 2024

		31 Oct 24		31 Oct 23
	Note	£	£	£	£
Fixed assets
Tangible assets	4	134,659		84,778
			134,659		84,778
Current assets
Stocks		26,687		29,936
Debtors		20,948		37,799
Prepayments and accrued income		47,540		37,473
Cash at bank and in hand		2,086		18,661
			97,261		123,869
Creditors: amounts falling due within one year			(831,769)		(588,365)
Net current liabilities			(734,508)		(464,496)
Total assets less current liabilities			(599,849)		(379,718)
NET LIABILITIES			(599,849)		(379,718)

Capital and reserves
Called up share capital			100		100
Profit and loss account			(599,949)		(379,818)
TOTAL EQUITY			(599,849)		(379,718)


The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2024.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.

1


	Company registration number:		03518742
	Nobledash Limited

	Balance sheet - continued
	as at 31 October 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 Profit and loss account has not been delivered to the Registrar.

	These financial statements were approved by the Board of directors and authorised for issue on 15 October 2025 and signed on its behalf by:

	Mr N Sharpe, Director
	15 October 2025

	2


Nobledash Limited

Notes to the financial statements
for the year ended 31 October 2024


1	Company information

	Nobledash Limited is a private company registered in England and Wales. Its registered number is 03518742. The company is limited by shares. Its registered office is The Accounts Office, St John's Tavern, London, N19 5QU.

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 historic cost convention.

	Going concern
	In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.

	The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.

	Changes in accounting policies
	Trading during and immediately post COVID the business experienced a substantial downturn with negative growth, in common with many hospitality businesses. In July through August 2023 the business closed to carry out an extensive refurbishment of its trading premises. Substantial investments were made with a view to financially restructuring the business going forward. This ongoing process continued throughout 2023 – 2024 , and it was anticipated that the company would return to profitability by early 2025. However recent increase in National Insurance (NI) contributi

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

	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.

	Land and buildings:
	Leasehold	-	In accordance with the property lease
	Plant and machinery etc.:
	Plant and Machinery	-	20% reducing balance
	Fixtures and Fittings	-	20% reducing balance

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Nobledash Limited

Notes to the financial statements - continued
for the year ended 31 October 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 taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

	Current 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.

3	Average number of employees

	During the year the average number of employees was 25 (2023 - 25).

4	Tangible fixed assets

		Land and buildings	Plant and machinery etc.	Totals
		£	£	£
	Cost
	At 1 November 2023	146,441	219,072	365,513
	Additions	38,464	21,850	60,314
	At 31 October 2024	184,905	240,922	425,827

	Depreciation
	At 1 November 2023	102,421	178,314	280,735
	Charge for year	-	10,433	10,433
	At 31 October 2024	102,421	188,747	291,168

	Net book value
	At 31 October 2024	82,484	52,175	134,659

	At 31 October 2023	44,020	40,758	84,778


4


Nobledash Limited

Exception report
for the year ended 31 October 2024

The following differences exist between the previous year's closing balances per the accounts and the current year's opening balances per the Trial Balance:
Reserves
	Opening balance at 1 November 2023 per TB	Balance at 31 October 2023 per accounts	Difference
	£	£	£
Profit and loss account (Account 968)	(379,817)	(379,818)	1
	(379,817)	(379,818)	1


This page does not form part of the statutory financial statements.


	Company registration number:	03518742

	Unaudited financial statements
	for the year ended 31 October 2024
	for
	Nobledash Limited


	Pages for filing with the Registrar