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Company Registration No. 12168659 (England and Wales)
1599 HOLDINGS LIMITED Unaudited accounts for the year ended 31 August 2024
1599 HOLDINGS LIMITED Unaudited accounts Contents
Page
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1599 HOLDINGS LIMITED Company Information for the year ended 31 August 2024
Director
Martin Fried
Company Number
12168659 (England and Wales)
Registered Office
UNIT 4 THE TECHNOLOGY PARK COLINDEEP LANE LONDON NW9 6BX UNITED KINGDOM
Accountants
MAP Accounting Limited 26 Oakfield Avenue Harrow HA3 8TJ
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1599 HOLDINGS LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,439,345 
1,439,345 
Current assets
Debtors
2,950 
10,363 
Cash at bank and in hand
7,029 
142 
9,979 
10,505 
Creditors: amounts falling due within one year
(163,948)
(148,834)
Net current liabilities
(153,969)
(138,329)
Total assets less current liabilities
1,285,376 
1,301,016 
Creditors: amounts falling due after more than one year
(1,420,907)
(1,430,748)
Net liabilities
(135,531)
(129,732)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(135,631)
(129,832)
Shareholders' funds
(135,531)
(129,732)
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2024 and were signed on its behalf by
Martin Fried Director Company Registration No. 12168659
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1599 HOLDINGS LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
1599 HOLDINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12168659. The registered office is UNIT 4 THE TECHNOLOGY PARK, COLINDEEP LANE, LONDON, NW9 6BX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Investment property
2024 
£ 
Fair value at 1 September 2023
1,439,345 
At 31 August 2024
1,439,345 
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1599 HOLDINGS LIMITED Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
7,413 
Other debtors
100 
100 
100 
7,513 
Amounts falling due after more than one year
Other debtors
2,850 
2,850 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
(60)
Other creditors
162,675 
147,321 
Loans from directors
538 
13 
Accruals
735 
1,560 
163,948 
148,834 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,420,907 
1,430,748 
8
Controlling party
The controlling party is M Fried.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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