Noble Chief Limited
Noble Chief Limited
Registered number: 12663344
Unaudited Financial Statements
For the Period
11 June 2020
to
30 June 2021
Noble Chief Limited
Unaudited Financial Statements
For the Period
11 June 2020
to
30 June 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—5 |
Noble Chief Limited
Balance Sheet
As at
30 June 2021
Balance Sheet
Registered number:
12663344
For the period ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 30 June 2021 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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||
| NET ASSETS |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 3,415 | ||
Noble Chief Limited
Balance Sheet (continued)
As at
30 June 2021
Directors' responsibilities:
-
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 Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 4 to 5 form part of these financial statements.
Noble Chief Limited
Notes to the Financial Statements
For the Period
11 June 2020
to
30 June 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Coronavirus
On 11 March 2020 the World Health Organisation declared the COVID-19 outbreak as a worldwide pandemic. The
directors are carefully monitoring the situation and following the applicable guidance issued by the UK Government.
The outbreak has had a significant impact on both people and industry across the world. Due to the nature of the
outbreak and the ongoing affect it is having globally it is currently very difficult to fully predict the overall impact this
situation will have on the company and the business going forward.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
1.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL
4.
Tangible Assets
| Investment Properties | |
|---|---|
| £ | |
| Cost | |
| As at
|
|
| Additions | 603,329 |
| As at
|
|
| Net Book Value | |
| As at
|
|
| As at
|
|
Noble Chief Limited
Notes to the Financial Statements (continued)
For the Period
11 June 2020
to
30 June 2021
The analysis of the cost or valuation of the above assets is as follows:
| Investment Properties | |
|---|---|
| £ | |
| As at
|
|
| At cost | - |
| At valuation | 603,329 |
|
|
|
| As at
|
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5.
Creditors: Amounts Falling Due Within One Year
| 30 June 2021 | |
|---|---|
| £ | |
| Trade creditors |
|
| Corporation tax |
|
| Accruals and deferred income |
|
| Directors' loan accounts |
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7.
Related Party Transactions
At the year end, the company owed to both the directors an amount of £598,068.
The Directors control the company by virtue of their shareholdings.
8.
General Information
Noble Chief Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
12663344
. The registered office is Bank House, 81 St Judes Road, Englefield Green, TW20 0DF.