1624 LIMITED

Company Registration Number:
09474028 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

1624 LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

1624 LIMITED

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

The principal activity of the company during the year was the renting of the Latymer Upper School sports facilities to third parties.

Political and charitable donations

During the year the company made a net profit of £37,715 (2023: £38,634). Under a Deed of Covenant the company has recognised an equivalent qualifying charitable donation to its parent charity Latymer Foundation at Hammersmith.

Additional information

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: select suitable accounting policies and then apply them consistently; make judgements and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.



Directors

The directors shown below have held office during the whole of the period from
1 September 2023 to 31 August 2024

Amanda Scott
Charles Wijeratna
Susan Wijeratna
Camilla York


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 January 2025

And signed on behalf of the board by:
Name: Camilla York
Status: Director

1624 LIMITED

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 477,154 469,521
Cost of sales: ( 429,438 ) ( 422,569 )
Gross profit(or loss): 47,716 46,952
Distribution costs: 0 0
Administrative expenses: ( 10,001 ) ( 8,318 )
Other operating income: 0 0
Operating profit(or loss): 37,715 38,634
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 37,715 38,634
Profit(or loss) for the financial year: 37,715 38,634

1624 LIMITED

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Current assets
Debtors: 3 30,052 17,952
Cash at bank and in hand: 159,992 68,229
Total current assets: 190,044 86,181
Creditors: amounts falling due within one year: 4 ( 190,043 ) ( 86,180 )
Net current assets (liabilities): 1 1
Total assets less current liabilities: 1 1
Total net assets (liabilities): 1 1
Capital and reserves
Called up share capital: 1 1
Total Shareholders' funds: 1 1

The notes form part of these financial statements

1624 LIMITED

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 29 January 2025
and signed on behalf of the board by:

Name: Camilla York
Status: Director

The notes form part of these financial statements

1624 LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the invoiced value of services provided by the company net of value added tax. Turnover is wholly attributable to the principal activity of the company and arises solely within the United Kingdom.

    Other accounting policies

    Expenditure All revenue expenditure is charged in the accounting year to which it relates. Expenditure is accounted for on an accruals basis. Judgements and estimates In the application of the accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities. These include the calculation of a provision for doubtful debts. Payment to parent charity under Deed of Covenant The company has adopted a policy of paying all its taxable profits to its parent charity, Latymer Foundation at Hammersmith, under qualifying charitable donation. These taxable profits transferred to the parent entity are recognised through equity rather than as an expense through the profit and loss, and therefore an operating profit exists at the balance sheet date with no tax liability as a covenant has been signed by the directors to donate all profits to the parent charity. Cash flow statement Under the provisions of FRS102 Reduced Disclosure Framework, no cash flow statement has been prepared because the company qualifies for an exemption as it is a wholly owned subsidiary company and included within the consolidated accounts of the parent Latymer Foundation at Hammersmith. These financial statements can be obtained from the address stated in note 9.

1624 LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

1624 LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Debtors

2024 2023
£ £
Trade debtors 30,052 17,952
Total 30,052 17,952

1624 LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 555 2,761
Accruals and deferred income 3,349 3,850
Other creditors 186,139 79,569
Total 190,043 86,180