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Company No: 10988407 (England and Wales)

NINETEEN SIXTY THREE LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

NINETEEN SIXTY THREE LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

NINETEEN SIXTY THREE LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
NINETEEN SIXTY THREE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTORS S J Bone
T Bone
REGISTERED OFFICE Level 1
Brockbourne House
77 Mount Ephraim
Tunbridge Wells
TN4 8BS
United Kingdom
COMPANY NUMBER 10988407 (England and Wales)
ACCOUNTANT S&W Partners LLP
4th Floor Cumberland House
15-17 Cumberland Place
Southampton
Hampshire
SO15 2BG
NINETEEN SIXTY THREE LIMITED

BALANCE SHEET

As at 30 September 2024
NINETEEN SIXTY THREE LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 878,821 1,054,503
878,821 1,054,503
Current assets
Cash at bank and in hand 201,920 22,961
201,920 22,961
Creditors: amounts falling due within one year 4 ( 910,035) ( 1,008,702)
Net current liabilities (708,115) (985,741)
Total assets less current liabilities 170,706 68,762
Net assets 170,706 68,762
Capital and reserves
Called-up share capital 4 4
Profit and loss account 170,702 68,758
Total shareholders' funds 170,706 68,762

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Nineteen Sixty Three Limited (registered number: 10988407) were approved and authorised for issue by the Board of Directors on 20 June 2025. They were signed on its behalf by:

S J Bone
Director
NINETEEN SIXTY THREE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
NINETEEN SIXTY THREE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Nineteen Sixty Three Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Level 1, Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, TN4 8BS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Nineteen Sixty Three Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Prior year adjustment

The comparative figures displayed on the Statement of Income and Retained Earnings have been restated for reclassification and presentational purposes only.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 October 2023 1,054,503 1,054,503
Additions 56,603 56,603
Disposals ( 300,958) ( 300,958)
Movement in fair value 68,673 68,673
At 30 September 2024 878,821 878,821
Carrying value at 30 September 2024 878,821 878,821
Carrying value at 30 September 2023 1,054,503 1,054,503

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 903,764 1,003,422
Accruals 5,807 5,280
Deferred tax liability 464 0
910,035 1,008,702

5. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 0
Charged to the Statement of Income and Retained Earnings ( 464) 0
At the end of financial year ( 464) 0

6. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Opening balance 1,003,424 1,217,504
Loans made to the directors by the Company (105,000) (219,000)
Repayments made to the Company by the directors 5,340 4,920
Closing balance 903,764 1,003,424

At the year end, the Company owed the directors £903,764 (2023 - £1,003,422) and this amount is included within other creditors. The loan is interest free and repayable on demand.

7. Ultimate controlling party

The ultimate controlling parties are the directors, by virtue of their shareholdings and directorships in the company.