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Registered number: 08947135 TIMELESS ACQUISITIONS LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
TIMELESS ACQUISITIONS LTD REGISTERED NUMBER: 08947135 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 814,667 |  | 589,196
Investments | 5 |  | 50 |  | 50
|  |  | 814,717 |  | 589,246
Current assets |  |  |  |  |
Stocks |  | 244,007 |  | 137,008 |
Debtors: amounts falling due within one year | 6 | 2,208,209 |  | 2,338,486 |
Cash at bank and in hand |  | 1,126,483 |  | 2,218,072 |
|  | 3,578,699 |  | 4,693,566 |
Creditors: amounts falling due within one year | 7 | (2,163,595) |  | (3,373,771) |
Net current assets |  |  | 1,415,104 |  | 1,319,795
Total assets less current liabilities |  |  | 2,229,821 |  | 1,909,041
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (87,946) |  | (96,441) |
|  |  | (87,946) |  | (96,441)
Net assets |  |  | 2,141,875 |  | 1,812,600
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,000 |  | 1,000
Profit and loss account |  |  | 2,140,875 |  | 1,811,600
|  |  | 2,141,875 |  | 1,812,600
Page 1
TIMELESS ACQUISITIONS LTD REGISTERED NUMBER: 08947135 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 December 2025.
Mr M Williams
Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
TIMELESS ACQUISITIONS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Timeless Acquisitions Ltd is a private company, limited by shares, domiciled in England and Wales, registration number 08947135. The registered office is The Old Rectory, Brisley, Dereham, Norfolk, NR20 5LJ. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
| 2.3 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:
|  |  |  | Buildings and improvements | - | 4% to 10% straight line
|  |  |  | Plant and machinery | - | 20% straight line
|  |  |  | Office equipment | - | 33% straight line
|  |  |  | Tractors | - | 20% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and Loss Account.
| 2.4 | Valuation of investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period. Page 3
TIMELESS ACQUISITIONS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.6 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.7 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.8 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.9 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Basic financial assets Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs. Basic financial liabilities Basic financial liabilities, which include trade and other payables are initially measured at their transaction price after transaction costs. Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year.
| 2.10 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 4
TIMELESS ACQUISITIONS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.11 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.12 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 0).
Page 5
TIMELESS ACQUISITIONS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Buildings and Improvement | Plant, machinery and office equipment | Tractors | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 April 2024 | 969,092 | 143,839 | 14,550 | 1,127,481
| Additions | 291,824 | 1,812 | - | 293,636
| At 31 March 2025 | 1,260,916 | 145,651 | 14,550 | 1,421,117
| Depreciation |  |  |  |
| At 1 April 2024 | 387,881 | 135,856 | 14,548 | 538,285
| Charge for the year on owned assets | 64,069 | 4,096 | - | 68,165
| At 31 March 2025 | 451,950 | 139,952 | 14,548 | 606,450
| Net book value |  |  |  |
| At 31 March 2025 | 808,966 | 5,699 | 2 | 814,667
| At 31 March 2024 | 581,211 | 7,983 | 2 | 589,196
5. | Fixed asset investments
|  | Other fixed asset investments
|  | £
| Cost |
| At 1 April 2024 | 50
| At 31 March 2025 | 50
Page 6
TIMELESS ACQUISITIONS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 15,968 | 156,247
| Other debtors | 2,174,586 | 2,172,176
| Prepayments and accrued income | 17,655 | 10,063
|  | 2,208,209 | 2,338,486
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 38,276 | 55,062
| Corporation tax | 122,947 | 96,865
| Other taxation and social security | 420 | -
| Other creditors | 1,917,992 | 3,136,504
| Accruals and deferred income | 83,960 | 85,340
|  | 2,163,595 | 3,373,771
Page 7