Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| Investments | 4 |
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| 11,312,426 | 11,303,600 | |||
| Current assets | ||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| 2,723,809 | 2,359,664 | |||
| Creditors: amounts falling due within one year | 6 | (
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| Net current liabilities | (1,807,346) | (1,667,466) | ||
| Total assets less current liabilities | 9,505,080 | 9,636,134 | ||
| Creditors: amounts falling due after more than one year | 7 | (
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| Provision for liabilities | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 8 |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Twentieth Century Investments Limited (registered number:
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J S Payne
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Twentieth Century Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 1 Lansdowne Place, 17 Holdenhurst Road, Bournemouth, Dorset, BH8 8EW.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liabilities of £1,807,346. The Company is supported through loans from the directors both personally and through related company's. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.
| Investment property | not depreciated |
| Plant and machinery |
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| Fixtures and fittings |
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| Office equipment |
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Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Investment property | Plant and machinery | Fixtures and fittings | Office equipment | Total | |||||
| £ | £ | £ | £ | £ | |||||
| Cost | |||||||||
| At 01 September 2024 |
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| Additions |
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| At 31 August 2025 |
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| Accumulated depreciation | |||||||||
| At 01 September 2024 |
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| Charge for the financial year |
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| At 31 August 2025 |
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| Net book value | |||||||||
| At 31 August 2025 | 9,193,549 | 81 | 263 | 0 | 9,193,893 | ||||
| At 31 August 2024 | 9,184,649 | 108 | 310 | 0 | 9,185,067 |
Investment properties
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined by the directors. Market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset have been used. If the investment properties had been accounted for using cost accounting rules, the properties would have been measured as follows: 2025 £3,815,996 2024 £3,815,996.
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| £ | £ | ||
| Subsidiary undertakings |
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Investments in subsidiaries
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| Cost | |
| At 01 September 2024 |
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| At 31 August 2025 |
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| Carrying value at 31 August 2025 |
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| Carrying value at 31 August 2024 |
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Investments in shares
| Name of entity | Registered office | Principal activity | Class of shares |
Ownership 31.08.2025 |
Ownership 31.08.2024 |
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Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW | Property investment |
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Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW | Property investment |
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Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW | Property investment |
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| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors |
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| Amounts owed by Group undertakings |
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| Amounts owed by related parties |
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| Other debtors |
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| £ | £ | ||
| Bank loans |
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| Trade creditors |
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| Amounts owed to Group undertakings |
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| Corporation tax |
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| Other creditors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans |
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| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| 3,000 | 3,000 |
Other financial commitments
| 2025 | 2024 | ||
| £ | £ | ||
| Commitments under non-cancellable operating leases |
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Transactions with entities in which the entity itself has a participating interest
| 2025 | 2024 | ||
| £ | £ | ||
| Companies under common control amounts owed to the company | 550,108 | 624,266 |
Transactions with the entity's directors
| 2025 | 2024 | ||
| £ | £ | ||
| E W Parkhurst amounts owed by the company | (1,693,787) | (1,154,967) | |
| 0 | 0 |
Interest payable of £254,695 (2024: £173,245) has been recognised in the profit and loss account.
Included in accruals is unpaid interest of £1,955,353 (2024: £1,975,658).
Other related party transactions
| 2025 | 2024 | ||
| £ | £ | ||
| Transactions with subsidiaries | 1,673,760 | 1,692,036 |
£ 552,845 (2024: £558,835) has been provided against the amounts owed to the company to give a net figure owed to the company of £1,120,915 (2024: £1,133,201).