Company registration number 11578439 (England and Wales)
THREE SIXTY INVESTMENTS NO1 LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
THREE SIXTY INVESTMENTS NO1 LIMITED
COMPANY INFORMATION
Director
A R Sheikh
Company number
11578439
Registered office
Parkview House Ground Floor
82 Oxford Road
Uxbridge
UB8 1UX
Auditor
Moore NHC Audit Limited
East Wing
Goffs Oak House
Goffs Lane
Goffs Oak
Hertfordshire
EN7 5GE
THREE SIXTY INVESTMENTS NO1 LIMITED
CONTENTS
Page
Director's report
1
Director's responsibilities statement
2
Independent auditor's report
3 - 6
Income statement
7
Statement of financial position
8
Statement of changes in equity
9
Statement of cash flows
10
Notes to the financial statements
11 - 17
THREE SIXTY INVESTMENTS NO1 LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The director presents his annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company during the year was that of joint venture investments.

Results and dividends

The results for the year are set out on page 7.

No ordinary dividends were paid. The director does not recommend payment of a final dividend.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

A R Sheikh
Auditor

The auditor, Moore NHC Audit Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of disclosure to auditor

Each director in office at the date of approval of this annual report confirms that:

- so far as the director is aware, there is no relevant audit information of which the company's auditor is unaware, and

- the director has taken all the steps that he / she ought to have taken as a director in order to make himself / herself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This confirmation is given and should be interpreted in accordance with the provisions of section 418 of the Companies Act 2006.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
A R Sheikh
Director
5 January 2026
THREE SIXTY INVESTMENTS NO1 LIMITED
DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with International Financial Reporting Standards (IFRSs) as adopted by the United Kingdom. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, International Accounting Standard 1 requires that directors:

- properly select and apply accounting policies;

- present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;

- provide additional disclosures when compliance with the specific requirements in IFRSs are insufficient to enable users to understand the impact of particular transactions, other events and conditions on the entity's financial position and financial performance; and

- make an assessment of the company's ability to continue as a going concern.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

THREE SIXTY INVESTMENTS NO1 LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THREE SIXTY INVESTMENTS NO1 LIMITED
- 3 -
Opinion

We have audited the financial statements of Three Sixty Investments No1 Limited (the 'company') for the year ended 31 March 2025 which comprise the income statement, the statement of financial position, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and UK adopted international accounting standards.

In our opinion, except for the matter described in the 'Basis for Qualified Opinion' section, the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 202 5 and of its loss for the year then ended;

- have been properly prepared in accordance with UK adopted international accounting standards; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Qualified Opinion

Included within amounts receivable is an amount of £327,000 due to the company. The loan was due to be repaid on 28 February 2023 with interest of £119,000 however both amounts were not received and remain outstanding post year end. The financial statements do not include accrued interest receivable of £119,000 which was due to the company. The director believes there is reasonable doubt over the recoverability of the amount due to the company and has opted not to recognise the amount receivable which is in contravention of IAS 18. The company will take legal action to recover the full amount receivable. Due to ageing of the amounts receivable, a bad debt provision should also be made against the full loan of £327,000. Current assets included in the financial statements are therefore overstated by £327,000.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Material uncertainty relating to going concern

We draw attention to Note 1.2 in the financial statements, which indicates that on 31 March 2025, the company’s current liabilities exceeded its total assets by £268,912 (2024: £268,912). As stated in Note 1.2, these events or conditions, along with other matters as set forth in Note 1.2, indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Our opinion is not modified in respect of this matter.

Our approach to the audit

I n addition to the matter described in the "Basis for qualified opinion" section, we have determined the matters d escribed below to be the key audit matters to be communicated in our report.

THREE SIXTY INVESTMENTS NO1 LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THREE SIXTY INVESTMENTS NO1 LIMITED
- 4 -
Key audit matter
How our scope addressed this matter

As outlined in note 5, there were other receivables as at 31 March 202 5 more than 90 days past due. The collectability of the company’s debt receivables and the valuation of the allowance for impairment of amounts receivable is a key audit matter due to judgement involved.

We evaluated and tested the company’s processes for amounts receivables and unbilled revenue including the provisioning and collection processes.

We tested that receivables were subsequently collected.

Where there were indicators that trade receivables were unlikely to be collected within contracted payment terms, we assessed the adequacy of the allowance for impairment of trade receivables. To do this:

- We assessed the ageing of receivables, contract performance, disputes and the past payment and credit history of the debtor.

- We assessed the amounts receivables and the economic environment applicable to these customers: and

- We considered the historical accuracy of forecasting the allowance for impairment of receivables.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

Except for the matter described in the 'Basis for Qualified Opinion' section, i n our opinion, based on the work undertaken in the course of our audit:

- the information given in the director's r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the director's report has been prepared in accordance with applicable legal requirements.

THREE SIXTY INVESTMENTS NO1 LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THREE SIXTY INVESTMENTS NO1 LIMITED
- 5 -
Matters on which we are required to report by exception

Except for the matter described in the 'Basis for Qualified Opinion' section, i n the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the director's r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of director's remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the director's r esponsibilities s tatement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

THREE SIXTY INVESTMENTS NO1 LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THREE SIXTY INVESTMENTS NO1 LIMITED
- 6 -
Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows:

- We obtained an understanding of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies Act 2006, International Financial Reporting Standards as adopted by the UK, and UK taxation legislation.

- We obtained an understanding of how the company complies with these requirements by discussions with management and those charged with governance.

- We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.

- We inquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations.

Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required

A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Francis Corbishley (Senior Statutory Auditor)
For and on behalf of Moore NHC Audit Limited
6 January 2026
Chartered Accountants
Statutory Auditor
East Wing
Goffs Oak House
Goffs Lane
Goffs Oak
Hertfordshire
EN7 5GE
THREE SIXTY INVESTMENTS NO1 LIMITED
INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
2025
2024
Notes
£
£
Administrative expenses
-
0
(13,650)
Operating profit/(loss)
3
-
(13,650)
Income tax expense
5
-
-
Profit/(loss) and total comprehensive income for the year
-
0
(13,650)

The income statement has been prepared on the basis that all operations are continuing operations.

THREE SIXTY INVESTMENTS NO1 LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 8 -
2025
2024
Notes
£
£
Current assets
Trade and other receivables
6
327,000
327,000
Current liabilities
Trade and other payables
8
595,812
595,812
Net current liabilities
(268,812)
(268,812)
Net liabilities
(268,812)
(268,812)
Equity
Called up share capital
9
100
100
Retained earnings
(268,912)
(268,912)
Total equity
(268,812)
(268,812)

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

The financial statements were approved and signed by the director and authorised for issue on 5 January 2026
A R Sheikh
Director
Company registration number 11578439 (England and Wales)
THREE SIXTY INVESTMENTS NO1 LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
Share capital
Retained earnings
Total
£
£
£
Balance at 1 April 2023
100
(255,262)
(255,162)
Year ended 31 March 2024:
Loss and total comprehensive income
-
(13,650)
(13,650)
Balance at 31 March 2024
100
(268,912)
(268,812)
Year ended 31 March 2025:
Balance at 31 March 2025
100
(268,912)
(268,812)
THREE SIXTY INVESTMENTS NO1 LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Net cash inflow from operating activities
-
-
Net increase in cash and cash equivalents
-
0
-
0
Cash and cash equivalents at beginning of year
-
0
-
0
Cash and cash equivalents at end of year
-
0
-
0
THREE SIXTY INVESTMENTS NO1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
1
Accounting policies
Company information

Three Sixty Investments No1 Limited is a private company limited by shares incorporated in England and Wales. The registered office is Parkview House Ground Floor 82 Oxford Road, Uxbridge, UB8 1UX. The company's principal activities and nature of its operations are disclosed in the director's report.

1.1
Accounting convention

The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted for use in the United Kingdom and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS, except as otherwise stated.

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

The financial statements have been prepared under the historical cost convention except for certain financial instruments which have been measured at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

As of true 31 March 2025, the company’s current liabilities exceeded its total assets by £268,912 (2024: £268,912).

Not withstanding by the above, t he financial statements have been prepared on a going concern basis on the grounds that the ultimate parent company will continue to support the working capital requirements of the company. The ultimate parent company has confirmed it will provide additional funds as the company requires.

1.3
Cash and cash equivalents

Cash and cash equivalents 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 assets

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets are classified into specified categories, depending on the nature and purpose of the financial assets.

At initial recognition, financial assets classified as fair value through profit and loss are measured at fair value and any transaction costs are recognised in profit or loss. Financial assets not classified as fair value through profit and loss are initially measured at fair value plus transaction costs.

Financial assets at fair value through profit or loss

When any of the above-mentioned conditions for classification of financial assets is not met, a financial asset is classified as measured at fair value through profit or loss. Financial assets measured at fair value through profit or loss are recognized initially at fair value and any transaction costs are recognised in profit or loss when incurred. A gain or loss on a financial asset measured at fair value through profit or loss is recognised in profit or loss, and is included within finance income or finance costs in the statement of income for the reporting period in which it arises.

THREE SIXTY INVESTMENTS NO1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 12 -
Financial assets held at amortised cost

Financial instruments are classified as financial assets measured at amortised cost where the objective is to hold these assets in order to collect contractual cash flows, and the contractual cash flows are solely payments of principal and interest. They arise principally from the provision of goods and services to customers (eg trade receivables). They are initially recognised at fair value plus transaction costs directly attributable to their acquisition or issue, and are subsequently carried at amortised cost using the effective interest rate method, less provision for impairment where necessary.

Financial assets at fair value through other comprehensive income

Debt instruments are classified as financial assets measured at fair value through other comprehensive income where the financial assets are held within the company’s business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

A debt instrument measured at fair value through other comprehensive income is recognised initially at fair value plus transaction costs directly attributable to the asset. After initial recognition, each asset is measured at fair value, with changes in fair value included in other comprehensive income. Accumulated gains or losses recognised through other comprehensive income are directly transferred to profit or loss when the debt instrument is derecognised.

The company has made an irrevocable election to recognize changes in fair value of investments in equity instruments through other comprehensive income, not through profit or loss. A gain or loss from fair value changes will be shown in other comprehensive income and will not be reclassified subsequently to profit or loss. Equity instruments measured at fair value through other comprehensive income are recognized initially at fair value plus transaction cost directly attributable to the asset. After initial recognition, each asset is measured at fair value, with changes in fair value included in other comprehensive income. Accumulated gains or losses recognized through other comprehensive income are directly transferred to retained earnings when the equity instrument is derecognized or its fair value substantially decreased. Dividends are recognized as finance income in profit or loss.

Impairment of financial assets

Financial assets carried at amortised cost and FVOCI are assessed for indicators of impairment at each reporting end date.

The expected credit losses associated with these assets are estimated on a forward-looking basis. A broad range of information is considered when assessing credit risk and measuring expected credit losses, including past events, current conditions, and reasonable and supportable forecasts that affect the expected collectability of the future cash flows of the instrument.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

1.5
Financial liabilities

The company recogni s es financial debt when the company becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as either 'financial liabilities at fair value through profit or loss' or 'other financial liabilities'.

THREE SIXTY INVESTMENTS NO1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 13 -
Financial liabilities at fair value through profit or loss

Financial liabilities are classified as measured at fair value through profit or loss when the financial liability is held for trading. A financial liability is classified as held for trading if:

- it has been incurred principally for the purpose of selling or repurchasing it in the near term, or

- on initial recognition it is part of a portfolio of identified financial instruments that the company manages together and has a recent actual pattern of short-term profit taking, or

- it is a derivative that is not a financial guarantee contract or a designated and effective hedging instrument.

Financial liabilities at fair value through profit or loss are stated at fair value with any gains or losses arising on remeasurement recognised in profit or loss.

Other financial liabilities

Other financial liabilities, including borrowings, t rade payables and other short-term monetary liabilities, are initially measured at fair value net of transaction costs directly attributable to the issuance of the financial liability. They are subsequently measured at amortised cost using the effective interest method. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

1.6
Equity instruments

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

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

THREE SIXTY INVESTMENTS NO1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 14 -
Deferred tax

Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Adoption of new and revised standards and changes in accounting policies

At the date of authorisation of these financial statements, certain new standards, amendments and interpretations to existing standards have been published by the IASB but are not yet effective and these have not been applied early by the company. Management anticipates that the following pronouncements relevant to the companies operation will be adopted in the companies accounting policies for the first period beginning after the effective date of the pronouncement, once adopted by the UK:

Title |  |  | Subject |  | Effective date per standard
Amendments to IAS 12 deferred tax related to assets and liabilities arising from a single transaction |  |  | Recognition of deferred tax on transactions that, on initial recognition give rise to equal amounts of taxable and deductible temporary differences |  | 1 January 2023
Amendments to IAS 12 international tax reform |  |  | Amendments provide a temporary exception to the requirements regarding deferred tax assets and liabilities related to pillar two income taxes |  | 1 January 2023
Narrow scope amendments to IAS 1, practice statement 2 and IAS 8 |  |  | Improved accounting policy disclosures |  | 1 January 2023
Amendments to IFRS 16, lease liability in a sale and leaseback |  |  | Amendments clarify how a seller-lessee subsequently measures sale and leaseback transactions that satisfy the requirements in IFRS 15 to be accounted for as a sale. |  | 1 January 2024
Amendments to IAS 1, Non-current liabilities with covenants |  |  | Amendments clarify how conditions with which an entity must comply within twelve months after the reporting period affect the classification of a liability |  | 1 January 2024
Disclosures: Supplier Finance Arrangements |  |  | Amendments to IAS 7 and IFRS 7 |  | 1 January 2024

THREE SIXTY INVESTMENTS NO1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
2
Adoption of new and revised standards and changes in accounting policies
(Continued)
- 15 -

Issued IFRS not yet effective

At the date of authorisation of these financial statements, certain new standards, amendments and interpretations to existing standards have been published by the IASB but are not yet effective and these have not been applied early by the company. Management anticipates that the following pronouncements relevant to the companies operation will be adopted in the companies accounting policies for the first period beginning after the effective date of the pronouncement:

Title |  |  | Subject |  | Effective date per standard
Annual Improvements to IFRS Standards 2018–2020 Volume 11 |  |  | Amendments to IFRS 1, IFRS 7, IFRS9, and IFRS10 |  | 1 January 2026
Subsidiaries without Public Accountability: Disclosures |  |  | IFRS 18 and 19 specifies reduced disclosure requirements in financial statements |  | 1 January 2027
Classification and Measurement of financial instruments |  |  | Amendments to IFRS 9 and IFRS 7 for the Classification and Measurement of Financial Instruments. |  | 1 January 2026
Lack of exchangeability |  |  | Amendments to IAS 21 |  | 1 January 2025
Contracts Referencing Nature-dependent Electricity |  |  | Amendments to IFRS 9 and IFRS 7 |  | 1 January 2026
IFRS 18 – Presentation and Disclosure in Financial Statements |  |  |  |  | 1 January 2027
Sale or Contribution of Assets between an Investor and its Associate or Joint Venture |  |  | Amendments to IFRS 10 and IAS 28 |  | Note (a)

Note (a): In December 2015, the IASB postponed the effective date of this amendment indefinitely pending the outcome of its research project on the equity method of accounting.

The Directors expect that the adoption of the standards listed above will not have a material impact on the financial information of the company in future reporting periods.

3
Operating profit/(loss)
2025
2024
Operating profit/(loss) for the year is stated after charging/(crediting):
£
£
4
Employees

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

2025
2024
Number
Number
Management
1
1
THREE SIXTY INVESTMENTS NO1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
5
Income tax expense
2025
2024
£
£

The charge for the year can be reconciled to the loss per the income statement as follows:

2025
2024
£
£
Loss before taxation
-
(13,650)
Expected tax charge/(credit) based on a corporation tax rate of 25.00% (2024: 25.00%)
-
0
(3,413)
Group relief
-
0
3,413
Taxation charge for the year
-
-
6
Trade and other receivables
2025
2024
£
£
Other receivables
327,000
327,000
7
Trade receivables - credit risk
Fair value of trade receivables

The director considers that the carrying amount of trade and other receivables is approximately equal to their fair value.

No significant receivable balances are impaired at the reporting end date.

8
Trade and other payables
2025
2024
£
£
Trade payables
12,020
12,020
Amounts owed to fellow group undertakings
423,344
423,344
Accruals
13,300
13,300
Other payables
147,148
147,148
595,812
595,812
9
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
THREE SIXTY INVESTMENTS NO1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 17 -
10
Capital risk management

The company is not subject to any externally imposed capital requirements.

11
Related party transactions

At the balance sheet date, the company owed £423,344 to Sheikh Holdings Group (Investments) Limited.

12
Controlling party

The parent company is Sheikh Holdings Group (Investments) Limited, a company incorporated in England and Wales with registered office address Parkview House Ground Floor, 82 Oxford Road, Uxbridge, England, UB8 1UX.

13
Cash generated from operations
2025
2024
£
£
Loss for the year before taxation
-
(13,650)
Movements in working capital:
Increase in trade and other payables
-
13,650
Cash generated from operations
-
-
14
Analysis of changes in net funds
1 April 2024
31 March 2025
£
£
1 April 2023
31 March 2024
Prior year:
£
£
2025-03-31 2024-04-01 false false CCH Software CCH Accounts Production 2025.300 A R Sheikh 11578439 2024-04-01 2025-03-31 11578439 bus:Director1 2024-04-01 2025-03-31 11578439 bus:RegisteredOffice 2024-04-01 2025-03-31 11578439 2025-03-31 11578439 core:ContinuingOperations 2024-04-01 2025-03-31 11578439 2023-04-01 2024-03-31 11578439 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 11578439 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 11578439 2024-03-31 11578439 core:CurrentFinancialInstruments 2025-03-31 11578439 core:ShareCapital 2025-03-31 11578439 core:ShareCapital 2024-03-31 11578439 core:RetainedEarningsAccumulatedLosses 2025-03-31 11578439 core:RetainedEarningsAccumulatedLosses 2024-03-31 11578439 core:OtherMiscellaneousReserve 2023-03-31 11578439 2024-03-31 11578439 2023-03-31 11578439 core:CurrentFinancialInstruments 2024-03-31 11578439 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11578439 bus:Audited 2024-04-01 2025-03-31 11578439 bus:FullIFRS 2024-04-01 2025-03-31 11578439 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP