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Company No: 13035060 (England and Wales)

1259 INVESTMENTS LIMITED

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

1259 INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

1259 INVESTMENTS LIMITED

BALANCE SHEET

As at 30 November 2024
1259 INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 413,676 413,676
413,676 413,676
Current assets
Debtors
- due within one year 4 238 207
- due after more than one year 4 3,000 0
Cash at bank and in hand 66,537 90,293
69,775 90,500
Creditors: amounts falling due within one year 5 ( 83,097) ( 84,403)
Net current (liabilities)/assets (13,322) 6,097
Total assets less current liabilities 400,354 419,773
Creditors: amounts falling due after more than one year 6 ( 392,767) ( 414,182)
Net assets 7,587 5,591
Capital and reserves
Called-up share capital 100 100
Profit and loss account 7,487 5,491
Total shareholder's funds 7,587 5,591

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

Director's responsibilities:

The financial statements of 1259 Investments Limited (registered number: 13035060) were approved and authorised for issue by the Director on 22 August 2025. They were signed on its behalf by:

A Witheford
Director
1259 INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1259 INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 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

1259 Investments 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 Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW, United Kingdom.

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

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of consideration received or receivable for the rent received. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 December 2023 413,676
As at 30 November 2024 413,676

4. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Other debtors 238 207
Debtors: amounts falling due after more than one year
Amounts owed by Group undertakings 3,000 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 81,000 81,000
Taxation and social security 468 241
Other creditors 1,629 3,162
83,097 84,403

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 280,000 280,000
Other creditors 112,767 134,182
392,767 414,182

There are no amounts included above in respect of which any security has been given by the small entity.