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REGISTERED NUMBER: 14505281 (England and Wales)















Unaudited Financial Statements

for the period

24th November 2022 to 30th November 2023

for

266 HOLDINGS LIMITED

266 HOLDINGS LIMITED (REGISTERED NUMBER: 14505281)

Contents of the Financial Statements
for the period 24th November 2022 to 30th November 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


266 HOLDINGS LIMITED

Company Information
for the period 24th November 2022 to 30th November 2023







DIRECTOR: Mr M Weston





REGISTERED OFFICE: Monometer House
Rectory Grove
Leigh-On-Sea
United Kingdom
SS9 2HL





REGISTERED NUMBER: 14505281 (England and Wales)





ACCOUNTANTS: Barrons Limited
Chartered Accountants
Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
266 Holdings Limited


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 266 Holdings Limited for the period ended 30th November 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity 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 266 Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 266 Holdings Limited and state those matters that we have agreed to state to the director of 266 Holdings Limited 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 266 Holdings Limited and its director for our work or for this report.

It is your duty to ensure that 266 Holdings Limited 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 loss of 266 Holdings Limited. You consider that 266 Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of 266 Holdings Limited. 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.






Barrons Limited
Chartered Accountants
Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN


20th August 2024

266 HOLDINGS LIMITED (REGISTERED NUMBER: 14505281)

Balance Sheet
30th November 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,625
Investment property 5 863,238
864,863

CURRENT ASSETS
Debtors 6 21,315
Cash at bank and in hand 47,696
69,011
CREDITORS
Amounts falling due within one year 7 362,244
NET CURRENT LIABILITIES (293,233 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

571,630

CREDITORS
Amounts falling due after more than one year 8 576,709
NET LIABILITIES (5,079 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (5,179 )
(5,079 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

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.

266 HOLDINGS LIMITED (REGISTERED NUMBER: 14505281)

Balance Sheet - continued
30th November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th August 2024 and were signed by:





Mr M Weston - Director


266 HOLDINGS LIMITED (REGISTERED NUMBER: 14505281)

Notes to the Financial Statements
for the period 24th November 2022 to 30th November 2023


1. STATUTORY INFORMATION

266 Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Rent receivable is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rental income is from the investment properties held which are accounted for on an accruals basis.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Plant and machinery etc -20% Straight Line

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investment property
Investment properties are shown at most recent valuations. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


266 HOLDINGS LIMITED (REGISTERED NUMBER: 14505281)

Notes to the Financial Statements - continued
for the period 24th November 2022 to 30th November 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amount of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

266 HOLDINGS LIMITED (REGISTERED NUMBER: 14505281)

Notes to the Financial Statements - continued
for the period 24th November 2022 to 30th November 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 2,031
At 30th November 2023 2,031
DEPRECIATION
Charge for period 406
At 30th November 2023 406
NET BOOK VALUE
At 30th November 2023 1,625

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 863,238
At 30th November 2023 863,238
NET BOOK VALUE
At 30th November 2023 863,238

Investment properties were valued on an open market basis on 30th November 2023 by the company directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 18,000
Other debtors 3,315
21,315

266 HOLDINGS LIMITED (REGISTERED NUMBER: 14505281)

Notes to the Financial Statements - continued
for the period 24th November 2022 to 30th November 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 16,220
Trade creditors 1,590
Amounts owed to group undertakings 335,699
Taxation and social security 110
Other creditors 8,625
362,244

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 576,709

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 476,160

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 592,929

The bank loans are secured by charges on the company's investment properties.