Company No: 02598368 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	S L Dean
	P D Dean
	S J Rutt

REGISTERED OFFICE	Beeches Farm
	Icknield Way
	Tring
	HP23 4LA
	United Kingdom

COMPANY NUMBER

02598368 (England and Wales)

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	3,345,379		4,121,736
Investments	4	2,709,255		0
		6,054,634		4,121,736
Current assets
Debtors	5	449,031		260,662
Cash at bank and in hand		118,139		1,068,452
		567,170		1,329,114
Creditors: amounts falling due within one year	6	( 1,284,698)		( 75,580)
Net current (liabilities)/assets		(717,528)		1,253,534
Total assets less current liabilities		5,337,106		5,375,270
Provision for liabilities	7, 8	( 833,890)		( 1,015,077)
Net assets		4,503,216		4,360,193
Capital and reserves
Called-up share capital		2		2
Revaluation reserve		394,942		990,112
Profit and loss account		4,108,272		3,370,079
Total shareholders' funds		4,503,216		4,360,193

For the financial year ending 28 February 2026 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 financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Noble Foods (WE) Limited (registered number: 02598368) were approved and authorised for issue by the Board of Directors on 14 October 2026. They were signed on its behalf by:

S J Rutt Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Noble Foods (WE) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Beeches Farm, Icknield Way, Tring, HP23 4LA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of plant and machinery, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received for the provision of electricity in the period in which it is provided, shown net of value added tax.

Taxation

The tax expense for the period comprises current tax and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Current tax

The current 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 taxable income.

Deferred tax

The deferred 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 taxable income.

Tangible fixed assets

Plant and machinery is valued using the revaluation model and are revalued annually by the directors to an amount equal to fair value, based on value in use from discounted cashflows. Land and buildings are held at historic cost.

Land and buildings	not depreciated
Plant and machinery etc.	not depreciated

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. On the disposal of a revalued asset a transfer would be made from the revaluation reserve to profit and loss account.

Revaluation increases are recognised in the statement of other comprehensive income unless the increase reverses a revaluation decrease of the same asset previously recognised in the statement of profit or loss. Revaluation decreases are recognised in statement of comprehensive income unless it exceeds accumulated revaluation gains. The non-depreciation of plant and machinery is a departure from FRS 102 and Companies Act. The Directors consider that the revaluation model presents a true and fair view of the assets held.

Fixed asset investments

Investments in subsidiary undertakings are recognised at cost.

Trade and other debtors

Trade and other debtors are amounts due from customers for services provided in the ordinary course of business. Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade and other creditors

Trade and other creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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. Trade creditors are recognised initially at the transaction price.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Borrowings

Borrowings are initially recorded at fair value, net of transaction costs.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	1		1

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost/Valuation
At 01 March 2025	67,850		4,053,886		4,121,736
Additions	0		2,513		2,513
Revaluations	0		( 778,870)		( 778,870)
At 28 February 2026	67,850		3,277,529		3,345,379
Accumulated depreciation
At 01 March 2025	0		0		0
At 28 February 2026	0		0		0
Net book value
At 28 February 2026	67,850		3,277,529		3,345,379
At 28 February 2025	67,850		4,053,886		4,121,736

The fair value of the company's plant and machinery was revalued on 28 February 2026 by the Directors based on value in use from discounted cashflows. An independent valuer was not involved. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £2,736,250 (2025 - £2,733,737).

4. Fixed asset investments

Investments in subsidiaries

	2026
	£
Cost
At 01 March 2025	0
Additions	2,709,255
At 28 February 2026	2,709,255
Carrying value at 28 February 2026	2,709,255
Carrying value at 28 February 2025	0

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 28.02.2026
Noble Pullet Finance Limited	Beeches Farm, Icknield Way, Tring, Hertfordshire, HP23 4LA, United Kingdom	Other credit granting	Ordinary	100.00%

5. Debtors

	2026		2025
	£		£
Trade debtors	447,834		243,202
Other debtors	1,197		17,460
	449,031		260,662

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Accruals	3,000		3,000
Taxation and social security	252,716		72,580
Other creditors	1,028,982		0
	1,284,698		75,580

7. Provision for liabilities

	2026		2025
	£		£
Deferred tax	747,629		931,329
Other provisions	86,261		83,748
	833,890		1,015,077

8. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 931,329)		( 949,884)
Charged to the Profit and Loss Account	0		( 170,371)
Credited to the Statement of Comprehensive Income	183,700		188,926
At the end of financial year	( 747,629)		( 931,329)

9. Related party transactions

During the year the company purchased 100% of the ordinary share capital in Noble Pullet Finance Limited from a Director at market value, calculated by reference to net assets.

A Director has loaned the company funds which are interest free and repayable on demand. £2,691,238 was due to the Director on the above sale, while a further cash advance of £604,013 (2025 - £nil) was made during the year and £2,552,000 (2025 - £4,013) was repaid during the year. At the balance sheet date the amount due to the director was £739,238 (2025 - £4,013 due from the director).

The company has received a loan from a company in which a Director has a controlling interest, which incurs interest at 3.5% per annum and is repayable on demand. At the balance sheet date the amount due to the company was £289,744 (2025 - £nil).