128 Holdings Ltd - Accounts

128 Holdings Ltd
Contents Page
For the year ended 31 January 2025

Statement of financial position	1
Notes to the financial statements	2

128 Holdings Ltd
Statement of Financial Position
As at 31 January 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	196,016	196,146
		196,016	196,146
Current assets
Cash at bank and in hand		735	2,111
Creditors: amount falling due within one year		(74,967)	(54,733)
Net current assets		(74,232)	(52,622)

Total assets less current liabilities		121,784	143,524
Creditors: amount falling due after more than one year		(135,433)	(135,432)
Net assets		(13,649)	8,092

Capital and reserves
Called up share capital	4	20,002	20,002
Profit and loss account		(33,651)	(11,910)
Shareholders' funds		(13,649)	8,092

For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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.

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

The financial statements were approved by the director on 19 October 2025 and were signed by:

-------------------------------
Dennis Ho-Yin Lui
Director

1

128 Holdings Ltd
Notes to the Abridged Financial Statements
For the year ended 31 January 2025

General Information

128 Holdings Ltd is a private company, limited by shares, registered in , registration number 13842751, registration address 8 Shanklin Court, Palmerston Road, London, W3 8FU.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the rental income received, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

20% Reducing Balance

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

3.

Tangible fixed assets

Cost or valuation	Land and Buildings	Fixtures and Fittings	Total
	£	£	£
At 01 February 2024	195,700	810	196,510
Additions	-	-	-
Disposals	-	-	-
At 31 January 2025	195,700	810	196,510
Depreciation
At 01 February 2024	-	364	364
Charge for year	-	130	130
On disposals	-	-	-
At 31 January 2025	-	494	494
Net book values
Closing balance as at 31 January 2025	195,700	316	196,016
Opening balance as at 01 February 2024	195,700	446	196,146

4.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
20,002 Class A shares of £1.00 each	20,002		20,002
	20,002		20,002

2

Registered Number: 13842751

128 HOLDINGS LTD

Abridged Accounts

Period of accounts Start date: 01 February 2024 End date: 31 January 2025