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
1599 HOLDINGS LIMITED
Company Information
for the year ended 31 August 2024
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
1599 HOLDINGS LIMITED
Statement of financial position
as at 31 August 2024
Investment property
1,439,345
1,439,345
Cash at bank and in hand
7,029
142
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)
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
1599 HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
Fair value at 1 September 2023
1,439,345
At 31 August 2024
1,439,345
1599 HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
162,675
147,321
Loans from directors
538
13
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,420,907
1,430,748
The controlling party is M Fried.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).