Noba Capital Limited Filleted accounts for Companies House (small and micro)

Noba Capital Limited Filleted accounts for Companies House (small and micro)

NOBA CAPITAL LIMITED - Company Information

Print Friendly Version

false false false false false false false false false true false false false false false false false No description of principal activity 2018-07-25 Sage Accounts Production Advanced 2019 - FRS102_2014 6,992 6,992 1,748 1,748 5,244 xbrli:pure xbrli:shares iso4217:GBP 11483220 2018-07-25 2019-12-31 11483220 2019-12-31 11483220 bus:Director1 2018-07-25 2019-12-31 11483220 bus:Director2 2018-07-25 2019-12-31 11483220 core:WithinOneYear 2019-12-31 11483220 core:ShareCapital 2019-12-31 11483220 core:RetainedEarningsAccumulatedLosses 2019-12-31 11483220 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2019-12-31 11483220 core:CostValuation core:Non-currentFinancialInstruments 2019-12-31 11483220 core:Non-currentFinancialInstruments 2019-12-31 11483220 bus:SmallEntities 2018-07-25 2019-12-31 11483220 bus:AuditExemptWithAccountantsReport 2018-07-25 2019-12-31 11483220 bus:FullAccounts 2018-07-25 2019-12-31 11483220 bus:SmallCompaniesRegimeForAccounts 2018-07-25 2019-12-31 11483220 bus:PrivateLimitedCompanyLtd 2018-07-25 2019-12-31 11483220 core:OfficeEquipment 2018-07-25 2019-12-31 11483220 core:OfficeEquipment 2019-12-31 11483220 core:KeyManagementPersonnel 2018-07-25 2019-12-31
COMPANY REGISTRATION NUMBER: 11483220
Noba Capital Limited
Filleted Unaudited Financial Statements
31 December 2019
Noba Capital Limited
Financial Statements
Period from 25 July 2018 to 31 December 2019
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Noba Capital Limited
Statement of Financial Position
31 December 2019
31 Dec 19
Note
£
Fixed assets
Tangible assets
5
5,244
Investments
6
300,001
---------
305,245
Current assets
Debtors
7
111,354
Cash at bank and in hand
5,767
---------
117,121
Creditors: amounts falling due within one year
8
426,374
---------
Net current liabilities
309,253
---------
Total assets less current liabilities
( 4,008)
-------
Capital and reserves
Called up share capital
300
Profit and loss account
( 4,308)
-------
Shareholders deficit
( 4,008)
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 December 2019 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 period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Noba Capital Limited
Statement of Financial Position (continued)
31 December 2019
These financial statements were approved by the board of directors and authorised for issue on 6 April 2020 , and are signed on behalf of the board by:
Mr K A Fuller
Ms V Pazos-Chamorro
Director
Director
Company registration number: 11483220
Noba Capital Limited
Notes to the Financial Statements
Period from 25 July 2018 to 31 December 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have considered the forecasts for the next 12 months and will continue to support the business. On this basis the accounts have been prepared on a going concern basis.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 4 .
5. Tangible assets
Equipment
£
Cost
At 25 July 2018
–
Additions
6,992
-------
At 31 December 2019
6,992
-------
Depreciation
At 25 July 2018
–
Charge for the period
1,748
-------
At 31 December 2019
1,748
-------
Carrying amount
At 31 December 2019
5,244
-------
6. Investments
Shares in group undertakings
Shares in participating interests
Total
£
£
£
Cost
At 25 July 2018
–
–
–
Additions
1
300,000
300,001
----
---------
---------
At 31 December 2019
1
300,000
300,001
----
---------
---------
Impairment
At 25 July 2018 and 31 December 2019
–
–
–
----
---------
---------
Carrying amount
At 31 December 2019
1
300,000
300,001
----
---------
---------
7. Debtors
31 Dec 19
£
Trade debtors
1,280
Amounts owed by group undertakings and undertakings in which the company has a participating interest
21,599
Other debtors
88,475
---------
111,354
---------
8. Creditors: amounts falling due within one year
31 Dec 19
£
Trade creditors
1,123
Social security and other taxes
2,901
Other creditors
422,350
---------
426,374
---------
9. Related party transactions
At the balance sheet date the company owed the directors £396,440.