Registration number: 01381393

Noelkarn Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

Noelkarn Limited

Company Information

Directors

Mr N F Pritchard Mrs C A Pritchard

Company secretary

Mr N F Pritchard

Registered office

4 Somerville Close Saltford Bristol BS31 3HT

Accountants

EJBC Chartered Accountants 2 Toomers Wharf Canal Walk Newbury Berkshire RG14 1DY

Noelkarn Limited

(Registration number: 01381393)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	474,092	474,092
Current assets
Cash at bank and in hand		3,218	10,975
Creditors: Amounts falling due within one year		(21,300)	(16,301)
Net current liabilities		(18,082)	(5,326)
Net assets		456,010	468,766
Capital and reserves
Called up share capital	4	100	100
Other reserves		423,923	423,923
Retained earnings		31,987	44,743
Shareholders' funds		456,010	468,766

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... Mr N F Pritchard Company secretary and director

Noelkarn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Noelkarn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

3	Tangible assets

	Land and buildings £	Properties under construction  £	Total £
Cost or valuation
At 1 April 2024	460,000	14,092	474,092
At 31 March 2025	460,000	14,092	474,092
Depreciation
Carrying amount
At 31 March 2025	460,000	14,092	474,092
At 31 March 2024	460,000	14,092	474,092

Included within the net book value of land and buildings above is £460,000 (2024 - £460,000) in respect of freehold land and buildings.
 

4	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £0.00 each	100,000	100	100,000	100