REGISTERED NUMBER: 11717237 (England and Wales)

1066 ASSET HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

D G Cleaver

M A Gall

M Hillyard

REGISTERED OFFICE:

1066 Asset Holdings Ltd

Menzies Road

Ponswood

St Leonards-On-Sea

East Sussex

TN38 9XF

REGISTERED NUMBER:

11717237 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Tangible assets

4

108,438

121,184

Investments

5

3

3

108,441

121,187

CURRENT ASSETS

Debtors

6

91,158

115,003

Cash at bank

20,754

1,889

111,912

116,892

CREDITORS

Amounts falling due within one year

7

192,727

207,233

NET CURRENT LIABILITIES

(80,815

)

(90,341

)

TOTAL ASSETS LESS CURRENT LIABILITIES

27,626

30,846

PROVISIONS FOR LIABILITIES

27,109

30,296

NET ASSETS

517

550

CAPITAL AND RESERVES

Called up share capital

8

6

6

Retained earnings

511

544

SHAREHOLDERS' FUNDS

517

550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th December 2025 and were signed on its behalf by:

M Hillyard - Director

1.	STATUTORY INFORMATION

1066 Asset Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about 1066 Asset Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Computer equipment

-

25% on cost

Depreciation of the plant and machinery is usually at a rate of 20% on cost, however the directors have reviewed the value of the assets at 31 March 2025 and adjusted the depreciation for the year accordingly.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st April 2024

168,421

9,985

178,406

Additions

3,550

-

3,550

At 31st March 2025

171,971

9,985

181,956

DEPRECIATION

At 1st April 2024

51,181

6,041

57,222

Charge for year

14,995

1,301

16,296

At 31st March 2025

66,176

7,342

73,518

NET BOOK VALUE

At 31st March 2025

105,795

2,643

108,438

At 31st March 2024

117,240

3,944

121,184

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaki

£

COST

At 1st April 2024

and 31st March 2025

3

NET BOOK VALUE

At 31st March 2025

3

At 31st March 2024

3

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

74,797

115,003

Other debtors

16,361

-

91,158

115,003

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

282

4,190

Taxation and social security

185,449

197,034

Other creditors

6,996

6,009

192,727

207,233

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

3

Ordinary

£1

3

3

3

B Ordinary

£1

3

3

6

6

9.	RELATED PARTY DISCLOSURES

At the year end the company was owed £74,797 (2024: £115,003) by The Hastings Sofa Company Limited, its subsidiary company.

Included in other debtors is £14,000 (2024: £nil) owed by Made to Last Limited, a company controlled by the directors.