Company Registration No. 09961111 (England and Wales)
258 Investments Ltd
Unaudited accounts
for the year ended 31 January 2019
258 Investments Ltd
Unaudited accounts
Contents
258 Investments Ltd
Company Information
for the year ended 31 January 2019
Company Number
09961111 (England and Wales)
Registered Office
Churchill House
120 Bunns Lane
London
NW7 2AS
United Kingdom
Accountants
Platts
Churchill House, Suite 112
120 Bunns Lane
Mill Hill
London
NW7 2AS
258 Investments Ltd
Statement of financial position
as at
31 January 2019
Investment property
2,681,947
-
Cash at bank and in hand
2,314,084
100
Creditors: amounts falling due within one year
(2,422)
-
Net current assets
2,312,456
100
Total assets less current liabilities
4,994,403
100
Creditors: amounts falling due after more than one year
(5,000,000)
-
Net (liabilities)/assets
(5,597)
100
Called up share capital
100
100
Profit and loss account
(5,697)
-
Shareholders' funds
(5,597)
100
For the year ending 31 January 2019 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 12 February 2019.
Mr A O O Joshua
Director
Company Registration No. 09961111
258 Investments Ltd
Notes to the Accounts
for the year ended 31 January 2019
258 Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 09961111. The registered office is Churchill House , 120 Bunns Lane, London, NW7 2AS, United Kingdom .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2019
At 31 January 2019
2,681,947
6
Creditors: amounts falling due within one year
2019
2018
Loans from directors
2,422
-
7
Creditors: amounts falling due after more than one year
2019
2018
Amounts owed to group undertakings and other participating interests
5,000,000
-
8
Share capital
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
258 Investments Ltd
Notes to the Accounts
for the year ended 31 January 2019
9
Transactions with related parties
As detailed in the director's report, the director holds the company's entire issued share capital.
The amount owed to group undertakings and other participating interest detailed is represented by Sparta Promotions Limited in the sum of £5,000,000 (2018 - £Nil) in which Mr A O O Joshua is a director and shareholder, and which is repayable within 5 years.
10
Average number of employees
During the year the average number of employees was 1 (2018: 1).