IRIS Accounts Production v24.3.0.553 11139780 director 1.2.23 31.1.24 31.1.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111397802023-01-31111397802024-01-31111397802023-02-012024-01-31111397802022-01-31111397802022-02-012023-01-31111397802023-01-3111139780ns15:EnglandWales2023-02-012024-01-3111139780ns14:PoundSterling2023-02-012024-01-3111139780ns10:Director12023-02-012024-01-3111139780ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3111139780ns10:SmallEntities2023-02-012024-01-3111139780ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3111139780ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3111139780ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111139780ns10:FullAccounts2023-02-012024-01-3111139780ns10:RegisteredOffice2023-02-012024-01-3111139780ns5:CurrentFinancialInstruments2024-01-3111139780ns5:CurrentFinancialInstruments2023-01-3111139780ns5:Non-currentFinancialInstruments2024-01-3111139780ns5:Non-currentFinancialInstruments2023-01-3111139780ns5:ShareCapital2024-01-3111139780ns5:ShareCapital2023-01-3111139780ns5:RetainedEarningsAccumulatedLosses2024-01-3111139780ns5:RetainedEarningsAccumulatedLosses2023-01-3111139780ns5:ComputerEquipment2023-02-012024-01-3111139780ns5:ComputerEquipment2023-01-3111139780ns5:ComputerEquipment2024-01-3111139780ns5:ComputerEquipment2023-01-3111139780ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3111139780ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3111139780ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-01-3111139780ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-01-3111139780ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3111139780ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3111139780ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3111139780ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3111139780ns5:Secured2024-01-3111139780ns5:Secured2023-01-31
REGISTERED NUMBER: 11139780 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

1066 PROPERTY INVESTMENTS LTD

1066 PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11139780)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




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 2024







DIRECTOR: A Aitbouaoune





REGISTERED OFFICE: 18 Edmund Road
Hastings
East Sussex
TN35 5JZ





REGISTERED NUMBER: 11139780 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

1066 PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11139780)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 229 452
Investment property 5 445,875 445,875
446,104 446,327

CURRENT ASSETS
Debtors 6 5,310 5,112
Cash at bank 2,415 47,255
7,725 52,367
CREDITORS
Amounts falling due within one year 7 223,457 247,295
NET CURRENT LIABILITIES (215,732 ) (194,928 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,372

251,399

CREDITORS
Amounts falling due after more than one
year

8

223,397

247,397
NET ASSETS 6,975 4,002

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 6,775 3,802
SHAREHOLDERS' FUNDS 6,975 4,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:




A Aitbouaoune - Director


1066 PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11139780)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

1066 Property Investments Ltd 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 as modified by the revaluation of certain assets.

The director has 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 Income Statement, 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 (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023
and 31 January 2024 1,165
DEPRECIATION
At 1 February 2023 713
Charge for year 223
At 31 January 2024 936
NET BOOK VALUE
At 31 January 2024 229
At 31 January 2023 452

1066 PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11139780)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 445,875
NET BOOK VALUE
At 31 January 2024 445,875
At 31 January 2023 445,875

Fair value at 31 January 2024 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:

31.1.24 31.1.23
£    £   
Cost 436,875 436,875

Investment property was valued on an open market basis on 31 January 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 132 132
Other debtors 5,178 4,980
5,310 5,112

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 7,368 7,368
Trade creditors - 780
Tax 573 -
Other creditors 5,178 12,452
Directors' current accounts 209,377 225,812
Accrued expenses 961 883
223,457 247,295

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 7,368 7,368
Bank loans - 2-5 years 22,104 22,104
Bank loans more 5 yr by instal 193,925 193,925
Other creditors - 24,000
223,397 247,397

1066 PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 11139780)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.24 31.1.23
£    £   
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:

31.1.24 31.1.23
£    £   
Bank loans 230,765 230,765

10. RELATED PARTY DISCLOSURES

A directors current accounts exists and at the year A Aitbouaoune was owed £209,377 (2023: £225,812). No interest is charged on this amount and it is repayable upon demand.

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 2024 which comprise the Income Statement, 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.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


29 October 2024