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REGISTERED NUMBER: 12591008 (England and Wales)

HUBERTNOBLE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

| HUBERTNOBLE LTD (REGISTERED NUMBER: 12591008) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

| Balance Sheet | 1 |

| Notes to the Financial Statements | 2 |

| HUBERTNOBLE LTD (REGISTERED NUMBER: 12591008) |

BALANCE SHEET

28 FEBRUARY 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Stocks | 4,433,209 |  | 6,172,465 |  |

Debtors | 4 | 143,813 |  | 141,803 |  |

Cash at bank | 30,529 |  | 1,370 |  |

4,607,551 |  | 6,315,638 |  |

CREDITORS

Amounts falling due within one year | 5 | 6,296,006 |  | 7,161,134 |  |

NET CURRENT LIABILITIES | (1,688,455 | ) | (845,496 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (1,688,455 | ) | (845,496 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (1,688,555 | ) | (845,596 | ) |

(1,688,455 | ) | (845,496 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 February 2026 and were signed by:

J Margetts - Director

| HUBERTNOBLE LTD (REGISTERED NUMBER: 12591008) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Hubertnoble Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 12591008

| Registered office: | 6-7 Castle Gate

| Castle Street

| Hertford

| Hertfordshire

| SG14 1HD

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.

| Turnover

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

| 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 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.

| Debtors

| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Creditors

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

| Provisions

| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

| HUBERTNOBLE LTD (REGISTERED NUMBER: 12591008) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 143,813 |  | 141,803 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 6) | 5,819,528 |  | 6,484,871 |  |

| Trade creditors | - |  | 40,936 |  |

| Other creditors | 476,478 |  | 635,327 |  |

6,296,006 |  | 7,161,134 |  |

6. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 5,819,528 |  | 6,484,871 |  |

7. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 5,819,528 |  | 6,484,871 |  |

| There are three secured loans. There is a loan of £3,611,944 and £1,494,027, secured by a fixed charge over the land and buildings at Gascoyne Way and Pegs Lane, Hertford (Former Gates site) and a floating charge covering all of the property or undertaking of the company. The second loan of £300,000 is secured by legal charges on properties owned by the director.

8. | RELATED PARTY DISCLOSURES

| Margetts Investments (Leaseholds) Ltd (a company with common shareholder and director) has lent Hubertnoble Ltd the sum of £381,353 (2024: (£384,259).

| Margetts Investments Ltd (a company with common shareholder and director) was lent by Hubertnoble Ltd the sum of £6,431 (2024: £21,455 was owed).

| Margetts Investments (Leases) Ltd (a company with common shareholder and director) has lent Hubertnoble Ltd the sum of £28,700 (2024: £28,700).

| During the year the director, J Margetts loaned the company money with no set repayment date and no interest payable. At the year end, the amount due to the director was £102 (2024: £102).

9. | ULTIMATE CONTROLLING PARTY

| The company is controlled by J Margetts by virtue of an 80% holding of the issued ordinary share capital of the company.

| HUBERTNOBLE LTD (REGISTERED NUMBER: 12591008) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

10. | GOING CONCERN

| The director recognises that the company has an insolvent balance sheet and confirm that they will continue to support the company personally until it is in a solvent position again.