ACCOUNTS - Final Accounts preparation

Registered number: 00465354

NOBLE FURS (REGENT STREET) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025


NOBLE FURS (REGENT STREET) LIMITED REGISTERED NUMBER:00465354

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		167		223
Current assets
Stocks		262,000		265,500
Debtors: amounts falling due within one year	5	7,404		12,961
		269,404		278,461
Creditors: amounts falling due within one year	6	(354,862)		(317,921)
Net current liabilities			(85,458)		(39,460)

Net liabilities			(85,291)		(39,237)

Capital and reserves
Called up share capital	6,000	6,000
Profit and loss account	(91,291)	(45,237)
	(85,291)	(39,237)

Page 1


NOBLE FURS (REGENT STREET) LIMITED REGISTERED NUMBER:00465354

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

M Noble

Director

Date: 8 December 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


NOBLE FURS (REGENT STREET) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Noble Furs (Regent Street) Limited is a private company, limited by shares, registered in England and Wales, registration number 00465354. The registered office is 10 Queen Street Place, London, EC4R 1AG.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

As at the end of the year the company had net liabilities of £85,291. The director has reviewed the company's liabilities over the next 12 months and considers the business to be a going concern. Continuous support will be provided by the director to the company for the foreseeable future, and at least for twelve months from the date of the approval of these financial statements. Appropriate steps are being taken by the management to ensure that all financial commitments can be met when they fall due.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

Page 3


NOBLE FURS (REGENT STREET) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.3

Revenue (continued)

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	25% reducing balance
				Computer equipment	-	25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price.

Page 4


NOBLE FURS (REGENT STREET) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 3).

4.	Tangible fixed assets

	Fixtures and fittings	Office equipment	Total
	£	£	£
Cost or valuation
At 1 April 2024	7,685	3,644	11,329
At 31 March 2025	7,685	3,644	11,329
Depreciation
At 1 April 2024	7,685	3,421	11,106
Charge for the year	-	56	56
At 31 March 2025	7,685	3,477	11,162
Net book value
At 31 March 2025	-	167	167
At 31 March 2024	-	223	223

Page 5


NOBLE FURS (REGENT STREET) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Other debtors	-	617
Prepayments	7,404	12,344
	7,404	12,961

6.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	87,364	81,583
Trade creditors	22,077	8,409
Other creditors	239,927	224,491
Accruals and deferred income	5,494	3,438
	354,862	317,921

7.	Related party transactions
	During the year ended 31 March 2025, the director made net advances of £12,010 (2024: £44,595) to the company. At the year end, the amount owed to the director was £229,501 (2024: £217,491) and is included in other creditors.

Page 6