THE TIMELESS COLLECTION HOLDINGS LIMITED

Company Registration Number:
14125575 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

THE TIMELESS COLLECTION HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

THE TIMELESS COLLECTION HOLDINGS LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Mr S Waugh
Mr P W E Leoni Sceti


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 April 2024

And signed on behalf of the board by:
Name: Mr P W E Leoni Sceti
Status: Director

THE TIMELESS COLLECTION HOLDINGS LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 7 months to 31 December 2022


£

£
Fixed assets
Tangible assets: 3 14,802,125 4,041,979
Total fixed assets: 14,802,125 4,041,979
Current assets
Debtors: 4 544,229 1,033,827
Cash at bank and in hand: 161,809 598,631
Total current assets: 706,038 1,632,458
Creditors: amounts falling due within one year: 5 ( 340,703 ) ( 93,254 )
Net current assets (liabilities): 365,335 1,539,204
Total assets less current liabilities: 15,167,460 5,581,183
Creditors: amounts falling due after more than one year: 6 ( 14,468,381 ) ( 5,303,052 )
Total net assets (liabilities): 699,079 278,131
Capital and reserves
Called up share capital: 13,420 4,762
Share premium account: 1,328,580 471,438
Profit and loss account: (642,921 ) (198,069 )
Total Shareholders' funds: 699,079 278,131

The notes form part of these financial statements

THE TIMELESS COLLECTION HOLDINGS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 16 April 2024
and signed on behalf of the board by:

Name: Mr P W E Leoni Sceti
Status: Director

The notes form part of these financial statements

THE TIMELESS COLLECTION HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    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:Fittings fixtures and equipment - 25% straight lineIf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

    Valuation information and policy

    Investment propertyInvestment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

THE TIMELESS COLLECTION HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 7 months to 31 December 2022
    Average number of employees during the period 2 0

THE TIMELESS COLLECTION HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 4,037,699 4,280 4,041,979
Additions 10,605,106 155,040 10,760,146
Disposals
Revaluations
Transfers
At 31 December 2023 14,642,805 159,320 14,802,125
Depreciation
At 1 January 2023
Charge for year
On disposals
Other adjustments
At 31 December 2023
Net book value
At 31 December 2023 14,642,805 159,320 14,802,125
At 31 December 2022 4,037,699 4,280 4,041,979

THE TIMELESS COLLECTION HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 7 months to 31 December 2022
£ £
Other debtors 544,229 1,033,827
Total 544,229 1,033,827

THE TIMELESS COLLECTION HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 7 months to 31 December 2022
£ £
Trade creditors 287,431 93,254
Other creditors 53,272
Total 340,703 93,254

THE TIMELESS COLLECTION HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

2023 7 months to 31 December 2022
£ £
Other creditors 14,468,381 5,303,052
Total 14,468,381 5,303,052

Long term shareholders' loans are unsecured, interest free and repayable at board's discretion.