1066 Property Investments Ltd - Accounts to registrar (filleted) - small 23.2.5
1066 Property Investments Ltd - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2023 |
| FOR |
| 1066 PROPERTY INVESTMENTS LTD |
| 1066 PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11139780) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 6 |
| 1066 PROPERTY INVESTMENTS LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2023 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants & Business Advisers |
| 20 Havelock Road |
| Hastings |
| East Sussex |
| TN34 1BP |
| 1066 PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11139780) |
| BALANCE SHEET |
| 31 JANUARY 2023 |
| 31.1.23 | 31.1.22 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges her 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| 1066 PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11139780) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2023 |
| 1. | STATUTORY INFORMATION |
| 1066 Property Investments Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting. |
| Turnover |
| Turnover represents net rent due and invoiced provision of management services excluding discounts, value added tax and other sales taxes. |
| Turnover is recognised at the date rent is payable and the invoice date for the management services. |
| Tangible fixed assets |
| Computer equipment | - |
| 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 Statement of Income and Retained Earnings, 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2022 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1 February 2022 |
| Additions |
| At 31 January 2023 |
| DEPRECIATION |
| At 1 February 2022 |
| Charge for year |
| At 31 January 2023 |
| NET BOOK VALUE |
| At 31 January 2023 |
| At 31 January 2022 |
| 1066 PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11139780) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2023 |
| 5. | 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 2020 | 20,000 |
| Valuation in 2021 | (11,000 | ) |
| Cost | 436,875 |
| 445,875 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 31.1.23 | 31.1.22 |
| £ | £ |
| Cost | 436,875 | 436,875 |
| Investment property was valued on an open market basis on 31 January 2021 by the director . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.23 | 31.1.22 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.23 | 31.1.22 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Other creditors |
| Directors' current accounts | 225,812 | 208,300 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.1.23 | 31.1.22 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Other creditors |
| 1066 PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11139780) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2023 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 31.1.23 | 31.1.22 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 193,925 | 193,925 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.1.23 | 31.1.22 |
| £ | £ |
| Bank loans |
| 10. | RELATED PARTY DISCLOSURES |
| A directors current accounts exists and at the year A Aitbouaoune was owed £225,812 (2022: £201,026). No interest is charged on these amounts and they are repayable upon demand. |
| Included within Other Creditors falling due after more than 1 year (Note 9) is the amount of £24,000 due to ASD Consultancy (Sussex) Limited (Co. Number: 10219103). This company is wholly owned by the director A Aitbouaoune. No interest is charged on this amount and it is repayable upon demand but will not be within 1 year. |
| CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| 1066 PROPERTY INVESTMENTS LTD |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 1066 Property Investments Ltd for the year ended 31 January 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of 1066 Property Investments Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 1066 Property Investments Ltd and state those matters that we have agreed to state to the director of 1066 Property Investments Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 1066 Property Investments Ltd and its director for our work or for this report. |
| It is your duty to ensure that 1066 Property Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 1066 Property Investments Ltd. You consider that 1066 Property Investments Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of 1066 Property Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants & Business Advisers |
| 20 Havelock Road |
| Hastings |
| East Sussex |
| TN34 1BP |