Registered number
13940698
1988 Investments Ltd
Filleted Accounts
28 February 2025
BAS Associates Ltd
Chartered Management Accountants
Unit 8 Wingbury Courtyard
Leighton Road
Wingrave
Bucks
HP22 4LW
1988 Investments Ltd
Registered number: 13940698
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Current assets
Debtors 3 300,467 300,467
Creditors: amounts falling due within one year 4 (270,428) (282,859)
Net current assets 30,039 17,608
Net assets 30,039 17,608
Capital and reserves
Called up share capital 100 100
Profit and loss account 29,938 17,508
Shareholders' funds 30,038 17,608
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr L Morton
Director
Approved by the board on 18 March 2025
1988 Investments Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2025 2024
£ £
Other debtors 300,467 300,467
Amounts due after more than one year included above 300,000 300,000
4 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 3,230 3,048
Other creditors 267,198 279,811
270,428 282,859
5 Other information
1988 Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
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