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Registered number: 10302179
Noble Brit One Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2025
Noble Brit One Limited
Contents
Contents
Page
Company Information 1
Abridged Statement of Financial Position 2—3
Statement of Changes in Equity 4
Notes to the Abridged Financial Statements 5—8
Page 1
Noble Brit One Limited
Company Information
For The Year Ended 31 December 2025
Company Information
Directors Gavin Nicholas Lief
Elliot Simon Goodman
Secretary Clermont Secretaries Limited
Company Number 10302179
Registered Office Regent House Allum Gate
Theobald Street
Borehamwood
Herts
WD6 4RS
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Noble Brit One Limited
Abridged Statement of Financial Position
As At 31 December 2025
Abridged Statement of Financial Position
Registered number: 10302179
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 287,046 348,367
Investment Properties 6 43,195,000 44,359,567
43,482,046 44,707,934
CURRENT ASSETS
Debtors 335,700 525,755
Cash and cash equivalents 231,730 248,939
567,430 774,694
Creditors: Amounts Falling Due Within One Year (452,126 ) (673,625 )
NET CURRENT ASSETS (LIABILITIES) 115,304 101,069
TOTAL ASSETS LESS CURRENT LIABILITIES 43,597,350 44,809,003
Creditors: Amounts Falling Due After More Than One Year (50,762,188 ) (50,297,317 )
NET LIABILITIES (7,164,838 ) (5,488,314 )
CAPITAL AND RESERVES
Called up share capital 7 2,706,246 2,706,246
Income Statement (9,871,084 ) (8,194,560 )
SHAREHOLDERS' FUNDS (7,164,838) (5,488,314)
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Noble Brit One Limited
Abridged Statement of Financial Position (continued)
As At 31 December 2025
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 December 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Gavin Nicholas Lief
Director
25/09/2026
The notes on pages 5 to 8 form part of these financial statements.
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Noble Brit One Limited
Statement of Changes in Equity
For The Year Ended 31 December 2025
Statement of Changes in Equity
Share Capital Income Statement Total
£ £ £
As at 1 January 2024 2,706,246 (6,514,484 ) (3,808,238)
Loss for the year and total comprehensive income - (1,680,076 ) (1,680,076)
As at 31 December 2024 and 1 January 2025 2,706,246 (8,194,560 ) (5,488,314)
Loss for the year and total comprehensive income - (1,676,524 ) (1,676,524)
As at 31 December 2025 2,706,246 (9,871,084 ) (7,164,838)
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Noble Brit One Limited
Notes to the Abridged Financial Statements
For The Year Ended 31 December 2025
Notes to the Abridged Financial Statements
1. General Information
Noble Brit One Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10302179 . The registered office is Regent House Allum Gate, Theobald Street, Borehamwood, Herts, WD6 4RS. The nature of its principal activities is set out in the Director's Report.

The financial statements are presented in Pound Sterling (£), which is the functional currency of the Company.

The Company's financial year starts on 1 January and ends on 31 December of each year.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The Company's accounting policies will be reviewed annually to confirm that they remain appropriate and are in accordance with FRS 102 and applicable law.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied throughout the year presented, unless otherwise stated.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis.
At 31 December 2025, the Company had net liabilities of £7,164,838 and incurred a loss for the year of £1,676,524. In assessing the appropriateness of the going concern basis, the directors have considered the Company’s financial position and its expected cash flows for a period of at least 12 months from the date of approval of these financial statements.
The Company’s sole shareholder, Noble Investments Holding Limited, has confirmed its continued support for the Company and has undertaken that it will not demand or otherwise seek repayment of amounts due to it by the Company for a period of at least 12 months from the date of approval of these financial statements.
The directors have considered the Company’s financial position together with the support provided by its shareholder and, on this basis, have a reasonable expectation that the Company will have adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future.
Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making judgements about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.

The most significant estimates made in preparing these financial statements are considered to be as follows:

Valuation of investment property 
The property portfolio was valued by CBRE on the 22 July 2025. The Directors therefore adjusted the carrying value of the properties to reflect this valuation in the year ending 31st December 2025.

Tangible fixed Assets
The carrying amounts of the Company's assets are reviewed for impairment when events or changes in circumstances indicate that the carrying amount of the fixed asset may not be recoverable. If any such indication exists, the asset's recoverable amount is estimated.

Financial instruments
Basic financial liabilities, including trade creditors, bank loans, and loans from a Shareholder are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

The deep discounted bonds issued to the shareholder can be redeemed at pre-determined fixed amounts on each of the 6th to the 10th anniversaries at the option of the Company. The Holder also has rights to redeem but only to protect against credit deterioration of the Issuer, or statutory levies arising as a result of change of legislation. The effective interest rate on the instrument would vary according to the redemption date. The director considers that the event of such an early redemption is unlikely, so have calculated the effective interest rate based on the full term of the bond.
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Noble Brit One Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2025
2.4. Turnover
Rental income represents lettings to residential tenants, typically for terms of one year. Rental and other related income is recognised on an accruals basis. Direct costs of negotiating and arranging for a new lease are expensed as incurred.
2.5. Tangible Fixed Assets and Depreciation
Depreciation is provided to write off the cost or valuation less the estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:
Fixtures & Fittings 10 years
The carrying amounts of the Company's assets are reviewed for impairment when events or changes in circumstances indicate that the carrying amount of the fixed asset may not be recoverable. If any such indication exists, the asset's recoverable amount is estimated. 
An impairment loss is recognised whenever the carrying amount of an asset exceeds its recoverable amount and is recognised in the profit and loss account.
2.6. Investment Properties
Investment properties are initially recorded at cost including any costs directly attributable to the purchase, such as property transfer taxes and professional fees for legal services to bring the property to the condition necessary for it to operate in the manner intended by the Company. Subsequent expenditure on renovation and development of investment properties is capitalised at cost. Day to day servicing cost of an investment property is expensed on an accruals basis.

Subsequently, investment properties are measured at fair value with any movement in valuation at the year end being taken to profit or loss. Any gain or loss between disposal proceeds and carrying value is recognised in profit or loss.

An analysis of the Company's current investment properties is included in the notes to these financial statements.
2.7. Foreign Currencies
The financial statements are presented in Pound Sterling (£), which is the functional currency of the Company.
2.8. Taxation
Current tax is based on taxable profit for the year and is calculated using tax rates that have been enacted, or substantially enacted. Taxable profit differs from profit as reported in the Income Statement because it excludes items of income or expenditure that are non taxable (or tax deductible).

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited to the income statement.
2.9. Operating expenses
Expenses are recognised on an accruals basis as soon as there is a legal or constructive obligation committing the Company to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

2.10. Finance expenses
Finance expenses include interest or similar charges in respect of intercompany loans and other loans. The Company discloses total interest expense for financial liabilities that are not measured at fair value through profit or loss. Finance expenses are accounted for on an accruals basis using the effective interest method.
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Noble Brit One Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2025
2.11. Cash and cash equivalents
Cash and cash equivalents include cash in hand, cash held by Property manager and cash in transit. Cash equivalents are short- term, highly liquid investments that are readily convertible to known amounts of cash with original maturities of three months or less and that are subject to an insignificant risk of change in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Interest Payable and Similar Charges
2025 2024
£ £
Bank loans and overdrafts 608,264 1,217,082
Shareholders Interest payable 1,553,032 1,441,046
Other finance charges 60,166 71,255
2,221,462 2,729,383
5. Tangible assets
Total
£
Cost or Valuation
As at 1 January 2025 550,999
Disposals (8,844 )
As at 31 December 2025 542,155
Depreciation
As at 1 January 2025 202,632
Provided during the period 56,060
Disposals (3,583 )
As at 31 December 2025 255,109
Net Book Value
As at 31 December 2025 287,046
As at 1 January 2025 348,367
6. Investment Property
2025
£
Fair Value
As at 1 January 2025 44,359,567
Disposals (720,000 )
Revaluations (444,567)
As at 31 December 2025 43,195,000
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Noble Brit One Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2025
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2,706,246 2,706,246
8. Post Balance Sheet Events
The Company’s sole shareholder, Noble Investments Holding Limited, has confirmed its continued support for the Company and has undertaken that it will not demand or otherwise seek repayment of amounts due to it by the Company for a period of at least 12 months from the date of approval of these financial statements. There are no other significant events that need to be disclosed or reflected in the financial statements for the year ended 31 December 2025.
9. Ultimate Controlling Party
The Company's controlling party is the sole shareholder Noble Investments Holding Limited a company limited by shares, and its registered office is 3rd Floor, La Plaiderie House, La Plaiderie, St Peter Port, Guernsey, GY1 1WF.
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