1349 Limited
Unaudited Financial Statements
For the year ended 31 March 2025
Pages for Filing with Registrar
Company Registration No. 08466193 (England and Wales)
1349 Limited
Company Information
Directors
P Gilheany
A Powell-Smith
Company number
08466193
Registered office
The Loom
Gowers Walk
London
United Kingdom
E1 8PY
Accountants
Moore Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
1349 Limited
Contents
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
1349 Limited
Balance Sheet
As at 31 March 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
1,407,000
1,407,000
Current assets
Debtors
4
34,026
34,026
Cash at bank and in hand
2,569
2,569
36,595
36,595
Creditors: amounts falling due within one year
5
(472,504)
(420,924)
Net current liabilities
(435,909)
(384,329)
Net assets
971,091
1,022,671
Capital and reserves
Called up share capital
6
300,000
300,000
Capital redemption reserve
75,000
75,000
Own shares
(128,432)
(128,432)
Profit and loss reserves
724,523
776,103
Total equity
971,091
1,022,671

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

1349 Limited
Balance Sheet (Continued)
As at 31 March 2025
Page 2
The financial statements were approved by the board of directors and authorised for issue on 17 October 2025 and are signed on its behalf by:
P Gilheany
Director
Company Registration No. 08466193
1349 Limited
Statement of Changes in Equity
For the year ended 31 March 2025
Page 3
Share capital
Capital redemption reserve
Own shares
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 April 2023
375,000
-
0
(128,432)
999,243
1,245,811
Year ended 31 March 2024:
Profit and total comprehensive income for the year
-
-
-
23,070
23,070
Dividends
-
-
-
(23,870)
(23,870)
Own shares acquired
-
-
-
0
(222,340)
(222,340)
Redemption of shares
6
(75,000)
75,000
-
-
0
-
0
Balance at 31 March 2024
300,000
75,000
(128,432)
776,103
1,022,671
Year ended 31 March 2025:
Loss and total comprehensive income for the year
-
-
-
(34,413)
(34,413)
Dividends
-
-
-
(17,167)
(17,167)
Balance at 31 March 2025
300,000
75,000
(128,432)
724,523
971,091
1349 Limited
Notes to the Financial Statements
For the year ended 31 March 2025
Page 4
1
Accounting policies
Company information

1349 Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Loom, 14 Gowers Walk, London, United Kingdom, E1 8PY.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Fixed asset investments are stated at cost less provision for diminution in value.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1349 Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 5
1.6
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.8

Employee benefit trust

In accordance with FRS 102 S28 - Employee Benefit Trusts and Other Intermediate Payment Arrangements, the company includes the assets and liabilities of that trust within its balance sheet. In the event of the winding up of the company, neither the shareholders nor the creditors of the company would be entitled to the assets of the employee benefit trust.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
1349 Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 6
3
Fixed asset investments
2025
2024
£
£
Investments
1,407,000
1,407,000

The investment represents a 100% shareholding in Forster Lamond Limited.

Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 April 2024 & 31 March 2025
1,407,000
Carrying amount
At 31 March 2025
1,407,000
At 31 March 2024
1,407,000
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
34,026
34,026
5
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
471,304
419,864
Corporation tax
300
260
Accruals and deferred income
900
800
472,504
420,924
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
300,000
300,000
300,000
300,000
1349 Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 7
7
Related party transactions

The company has taken the exemption under Section 33 Related Party Disclosures paragraph 33.1A from disclosing transactions with other members of a wholly owned group.

8
Control

There is no ultimate controlling party.

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