Registered number
12872986
Ninety90 Holdings Limited
Report and Unaudited Accounts
30 September 2024
Ninety90 Holdings Limited
Report and accounts
Contents
Page
Company information 1
Director's report 2
Chartered Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7
Ninety90 Holdings Limited
Company Information
Director
Rhys Jones
Accountants
Trueman Brown
7 Foxglove Road
South Ockendon
Essex
RM15 6EU
Registered office
90 Cheshire Street
London
E2 6EH
Registered number
12872986
Ninety90 Holdings Limited
Registered number: 12872986
Director's Report
The director presents his report and accounts for the year ended 30 September 2024.
Principal activities
The company was incorporated on 11th June 2020. The company's principal activity during the period was that of property management.
Directors
The following persons served as directors during the year:
Rhys Jones
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 26 June 2025 and signed on its behalf.
Rhys Jones
Director
Ninety90 Holdings Limited
Profit and Loss Account
for the year ended 30 September 2024
2024 2023
£ £
Turnover - 1
Administrative expenses (21,284) (13,343)
Operating loss (21,284) (13,342)
Income from investments 40,000 -
Interest payable (8,849) (9,190)
Profit/(loss) before taxation 9,867 (22,532)
Tax on profit/(loss) - 1,970
Profit/(loss) for the financial year 9,867 (20,562)
Ninety90 Holdings Limited
Registered number: 12872986
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 400,323 412,485
Investments 4 10 10
400,333 412,495
Current assets
Debtors 5 13,344 13,337
Cash at bank and in hand 33,681 4,550
47,025 17,887
Creditors: amounts falling due within one year 6 (196,291) (141,365)
Net current liabilities (149,266) (123,478)
Total assets less current liabilities 251,067 289,017
Creditors: amounts falling due after more than one year 7 (241,756) (249,573)
Net assets 9,311 39,444
Capital and reserves
Called up share capital 10 10
Profit and loss account 9,301 39,434
Shareholder's funds 9,311 39,444
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Rhys Jones
Director
Approved by the board on 26 June 2025
Ninety90 Holdings Limited
Statement of Changes in Equity
for the year ended 30 September 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 October 2022 10 - - 59,996 60,006
Loss for the financial year (10,370) (10,370)
At 30 September 2023 10 - - 49,626 49,636
Correction of prior year errors (10,192) (10,192)
At 30 September 2023 as restated 10 - - 39,434 39,444
At 1 October 2023 10 - - 39,434 39,444
Profit for the financial year 9,867 9,867
Dividends (40,000) (40,000)
At 30 September 2024 10 - - 9,301 9,311
Ninety90 Holdings Limited
Notes to the Accounts
for the year ended 30 September 2024
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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 431,290 17,680 448,970
At 30 September 2024 431,290 17,680 448,970
Depreciation
At 1 October 2023 25,877 10,608 36,485
Charge for the year 8,626 3,536 12,162
At 30 September 2024 34,503 14,144 48,647
Net book value
At 30 September 2024 396,787 3,536 400,323
At 30 September 2023 405,413 7,072 412,485
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2023 10
At 30 September 2024 10
5 Debtors 2024 2023
£ £
Deferred tax asset 3,302 3,302
Other debtors 10,042 10,035
13,344 13,337
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,009 14,111
Other creditors 185,282 127,254
196,291 141,365
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 241,756 249,573
8 Controlling party
During the period the ultimate controlling party is Rhys Jones by virtue of controlling the entire share capital of the company.
9 Other information
Ninety90 Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
90 Cheshire Street
London
E2 6EH
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