Company Registration No. 10347879 (England and Wales)
Noble Palms Limited
Unaudited accounts
for the year ended 31 August 2025
Noble Palms Limited
Unaudited accounts
Contents
Noble Palms Limited
Company Information
for the year ended 31 August 2025
Company Number
10347879 (England and Wales)
Registered Office
Willow Cottage
Lower Bostraze
Newbridge
Cornwall
TR20 8PU
England
Accountants
Darroch Accountancy Ltd
9 Old Foundry Close
St Just
Cornwall
TR19 7QS
Noble Palms Limited
Statement of financial position
as at 31 August 2025
Tangible assets
2,346
2,557
Investment property
495,169
469,656
Cash at bank and in hand
9,441
7,166
Creditors: amounts falling due within one year
(140,853)
(177,348)
Net current liabilities
(103,344)
(147,657)
Total assets less current liabilities
394,171
324,556
Creditors: amounts falling due after more than one year
(207,277)
(155,548)
Provisions for liabilities
Other provisions
5,838
5,838
Net assets
192,732
174,846
Called up share capital
100
100
Profit and loss account
192,632
174,746
Shareholders' funds
192,732
174,846
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 August 2026 and were signed on its behalf by
Michael Pakeman
Director
Company Registration No. 10347879
Noble Palms Limited
Notes to the Accounts
for the year ended 31 August 2025
Noble Palms Limited is a private company, limited by shares, registered in England and Wales, registration number 10347879. The registered office is Willow Cottage, Lower Bostraze, Newbridge, Cornwall, TR20 8PU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Noble Palms Limited
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2024
7,846
30,000
37,846
At 31 August 2025
8,221
30,000
38,221
At 1 September 2024
5,289
30,000
35,289
Charge for the year
586
-
586
At 31 August 2025
5,875
30,000
35,875
At 31 August 2025
2,346
-
2,346
At 31 August 2024
2,557
-
2,557
Fair value at 1 September 2024
469,656
Amounts falling due within one year
Deferred tax asset
4,216
4,470
Accrued income and prepayments
1,271
921
Other debtors
21,681
13,426
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,324
5,324
Taxes and social security
4,165
4,391
Loans from directors
128,658
143,420
Noble Palms Limited
Notes to the Accounts
for the year ended 31 August 2025
9
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
207,277
155,548
10
Deferred taxation
2025
2024
Accelerated capital allowances
(4,216)
(4,470)
Provision at start of year
(4,470)
12,030
Charged/(credited) to the profit and loss account
254
(16,500)
Provision at end of year
(4,216)
(4,470)
11
Provisions for liabilities
£
At 1 September 2024
(5,838)
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
13
Average number of employees
During the year the average number of employees was 1 (2024: 1).