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REGISTERED NUMBER: 11772969 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

1905 ASSETS LIMITED

1905 ASSETS LIMITED (REGISTERED NUMBER: 11772969)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


1905 ASSETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: N Nyfoudis





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 11772969 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

1905 ASSETS LIMITED (REGISTERED NUMBER: 11772969)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 172,493 187,469

CURRENT ASSETS
Debtors 5 39,504 70,890
Cash at bank and in hand 100 296
39,604 71,186
CREDITORS
Amounts falling due within one year 6 284,421 275,710
NET CURRENT LIABILITIES (244,817 ) (204,524 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(72,324

)

(17,055

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (72,424 ) (17,155 )
SHAREHOLDERS' FUNDS (72,324 ) (17,055 )

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 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.

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 21 March 2025 and were signed by:





N Nyfoudis - Director


1905 ASSETS LIMITED (REGISTERED NUMBER: 11772969)

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

1. STATUTORY INFORMATION

1905 Assets 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.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

1905 ASSETS LIMITED (REGISTERED NUMBER: 11772969)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 February 2023 171,187 15,247 29,288 215,722
Additions 11,662 - - 11,662
At 31 January 2024 182,849 15,247 29,288 227,384
DEPRECIATION
At 1 February 2023 17,119 3,812 7,322 28,253
Charge for year 18,285 2,861 5,492 26,638
At 31 January 2024 35,404 6,673 12,814 54,891
NET BOOK VALUE
At 31 January 2024 147,445 8,574 16,474 172,493
At 31 January 2023 154,068 11,435 21,966 187,469

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 4,664 3,664
Other debtors 34,840 67,226
39,504 70,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 49 -
Trade creditors 16,591 1,057
Amounts owed to group undertakings 172,801 211,307
Amounts owed to participating interests 26,041 -
Taxation and social security 5,644 -
Other creditors 63,295 63,346
284,421 275,710

7. RELATED PARTY DISCLOSURES

Included in debtors. amounts falling due within one year is an interest free amount of £4,664 (2023: £3,664) due from The Life Goddess Holdings Ltd, a company related by the mutual director N Nyfoudis.

Included in creditors, amounts falling due within one year is an interest free amount of £172,801 (2023: £211,307) due to 1905 Group Limited, a company related by the mutual director N Nyfoudis.

Included in creditors, amounts falling due within one year is an interest free amount of £26,041 (2023: £Nil) due to The Life Goddess Kingly Court Limited, a company related by the mutual director N Nyfoudis.

Included in creditors, amounts falling due within one year is an interest free amount of £61,696 (2023: £61,696) due to N Nyfoudis, the director of the company.

8. CONTROLLING PARTY

The controlling party is N Nyfoudis.