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Registered number: 12727868
Timeline Gifts Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2025
Folio Partners
81 The Cut
South Bank
London
SE1 8LL
Timeline Gifts Ltd
Contents
Contents

| Page
--- | ---
Abridged Balance Sheet | 1—2
Notes to the Abridged Financial Statements | 3—6

Page 1
Timeline Gifts Ltd
Abridged Balance Sheet
As At 31 December 2025
Abridged Balance Sheet
Registered number: 12727868

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | - |  | 10,386
Tangible Assets | 5 |  | 222,844 |  | 142,263
|  |  | 222,844 |  | 152,649
CURRENT ASSETS
Stocks |  | 216,339 |  | 277,618 |
Debtors |  | 288,581 |  | 154,108 |
Cash at bank and in hand |  | 26,638 |  | - |
|  | 531,558 |  | 431,726 |
Creditors: Amounts Falling Due Within One Year |  | (96,571 ) |  | (90,087 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 434,987 |  | 341,639
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 657,831 |  | 494,288
Creditors: Amounts Falling Due After More Than One Year |  |  | (58,394 ) |  | (195,046 )
PROVISIONS FOR LIABILITIES
Deferred taxation |  |  | (46,391 ) |  | -
NET ASSETS |  |  | 553,046 |  | 299,242
CAPITAL AND RESERVES
Called up share capital | 6 |  | 1 |  | 1
Revaluation reserve | 8 |  | 228,633 |  | -
Profit and Loss Account |  |  | 324,412 |  | 299,241
SHAREHOLDERS' FUNDS |  |  | 553,046 |  | 299,242

Page 1
Page 2
Timeline Gifts Ltd
Abridged Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mrs Pornmanee Humphery-Smith Director
5 August 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Timeline Gifts Ltd
Notes to the Abridged Financial Statements
For The Year Ended 31 December 2025
Notes to the Abridged Financial Statements
1. General Information
Timeline Gifts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12727868 . The registered office is Unit 2a C/O Ancestors, Bowles Well Gardens, Dover Road, Folkestone, Kent, CT19 6PQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially recodedat cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 10%
Plant & Machinery | 10%
Fixtures & Fittings | 10%

Page 3
Page 4
Timeline Gifts Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2025
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 11)
7 11
Page 4
Page 5
Timeline Gifts Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2025
4. Intangible Assets

| Total
--- | ---
| £
Cost
As at 1 January 2025 | 48,046
As at 31 December 2025 | 48,046
Amortisation
As at 1 January 2025 | 37,660
Provided during the period | 10,386
As at 31 December 2025 | 48,046
Net Book Value
As at 31 December 2025 | -
As at 1 January 2025 | 10,386

5. Tangible Assets

| Total
--- | ---
| £
Cost or Valuation
As at 1 January 2025 | 195,185
Additions | 3,736
Revaluation | 177,328
Transfers | (100,000 )
As at 31 December 2025 | 276,249
Depreciation
As at 1 January 2025 | 52,922
Provided during the period | 483
As at 31 December 2025 | 53,405
Net Book Value
As at 31 December 2025 | 222,844
As at 1 January 2025 | 142,263

6. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

Page 5
Page 6
Timeline Gifts Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2025
7. Directors Advances, Credits and Guarantees

| As at 1 January 2025 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mrs Pornmanee Humphery-Smith | 55,610 | - | 55,610 | - | -

8. Reserves

| Revaluation reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 January 2025 | - | 299,241
Profit for year | - | 25,171
Surplus on revaluation | 228,633 | -
Other comprehensive income for the year | 228,633 | -
Total comprehensive income for the year | 228,633 | 25,171
As at 31 December 2025 | 228,633 | 324,412

9. Ultimate Controlling Party
The company's immediate and ultimate parent company is Ancestors Limited, a company registered in England and Wales (company number 09186326), whose registered office is Bowles Well Garden, Dover Road, Folkestone, Kent, CT19 6PQ.
The ultimate controlling party is Mrs Pornmanee Humphery-Smith, by virtue of her majority shareholding in Ancestors Limited.
Page 6