THE TIMELESS COLLECTION HOLDINGS LIMITED

Company Registration Number:
14125575 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

THE TIMELESS COLLECTION HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

THE TIMELESS COLLECTION HOLDINGS LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 20,250,359 14,802,125
Total fixed assets: 20,250,359 14,802,125
Current assets
Debtors:   322,725 544,229
Cash at bank and in hand: 76,318 161,809
Total current assets: 399,043 706,038
Creditors: amounts falling due within one year:   (486,411) (340,703)
Net current assets (liabilities): (87,368) 365,335
Total assets less current liabilities: 20,162,991 15,167,460
Creditors: amounts falling due after more than one year: 4 (19,837,681) (14,468,381)
Total net assets (liabilities): 325,310 699,079
Capital and reserves
Called up share capital: 20,595 13,420
Share premium account: 2,038,905 1,328,580
Profit and loss account: (1,734,190) (642,921)
Shareholders funds: 325,310 699,079

The notes form part of these financial statements

THE TIMELESS COLLECTION HOLDINGS LIMITED

Balance sheet statements

For the year ending 31 December 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 February 2025
and signed on behalf of the board by:

Name: Mr P W E Leoni Sceti
Status: Director

The notes form part of these financial statements

THE TIMELESS COLLECTION HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

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

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fittings fixtures and equipment - 25% straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

Investment property Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

THE TIMELESS COLLECTION HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 6 2

THE TIMELESS COLLECTION HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 14,802,125
Additions 5,465,526
At 31 December 2024 20,267,651
Depreciation
At 01 January 2024 0
Charge for year 17,292
At 31 December 2024 17,292
Net book value
At 31 December 2024 20,250,359
At 31 December 2023 14,802,125

The Company's investment properties are long leasehold interests in land & building, which are initially stated at cost and subsequently, where appropriate, at the directors' assessment of market value when it is considered to be materially different from cost.

THE TIMELESS COLLECTION HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due after more than one year note

Long term shareholders' loans are unsecured, interest free and repayable at board's discretion.