Noble House Property Ventures Limited - Accounts to registrar (filleted) - small 23.2.5
Noble House Property Ventures Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2023 |
| FOR |
| NOBLE HOUSE PROPERTY VENTURES LIMITED |
| NOBLE HOUSE PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 06430481) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| NOBLE HOUSE PROPERTY VENTURES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2023 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certifed Accountants |
| Solar House |
| 282 Chase Road |
| London |
| N14 6NZ |
| NOBLE HOUSE PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 06430481) |
| BALANCE SHEET |
| 31 JANUARY 2023 |
| 31.1.23 | 31.1.22 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| NOBLE HOUSE PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 06430481) |
| BALANCE SHEET - continued |
| 31 JANUARY 2023 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| NOBLE HOUSE PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 06430481) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2023 |
| 1. | STATUTORY INFORMATION |
| Noble House Property Ventures Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales taxes. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| NOBLE HOUSE PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 06430481) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2023 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 February 2022 |
| and 31 January 2023 |
| NET BOOK VALUE |
| At 31 January 2023 |
| At 31 January 2022 |
| Fair value at 31 January 2023 is represented by: |
| £ |
| Valuation in 2014 | 896,823 |
| Valuation in 2016 | 2,000,001 |
| Valuation in 2020 | (750,000 | ) |
| Cost | 3,603,176 |
| 5,750,000 |
| The valuations were made by the director, on an open market value basis as at 31 January 2023. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.23 | 31.1.22 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.23 | 31.1.22 |
| £ | £ |
| Amounts owed to group undertakings |
| Tax |
| VAT |
| Other creditors |
| Accruals and deferred income |
| 7. | PROVISIONS FOR LIABILITIES |
| 31.1.23 | 31.1.22 |
| £ | £ |
| Deferred tax | 380,199 | 380,199 |
| NOBLE HOUSE PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 06430481) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2023 |
| 7. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 February 2022 |
| Balance at 31 January 2023 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.1.23 | 31.1.22 |
| value: | £ | £ |
| Ordinary A Shares | 0.01 | 5,000 | 5,000 |
| Ordinary B Shares | 0.01 | 5,000 | 5,000 |
| 10,000 | 10,000 |
| 9. | RESERVES |
| £ |
| Distributable reserves | 3,407,643 |
| Non-distributable reserves | 1,766,625 |
| At 31 January 2023 | 5,174,268 |