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REGISTERED NUMBER: 10253428 (England and Wales)















Twoleaf Property Management Ltd

Abridged Unaudited Financial Statements for the Year Ended 31 July 2018






Twoleaf Property Management Ltd (Registered number: 10253428)






Contents of the Financial Statements
for the Year Ended 31 July 2018




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Twoleaf Property Management Ltd

Company Information
for the Year Ended 31 July 2018







DIRECTORS: A P Rousell
S J Edmonds



REGISTERED OFFICE: The Old Town Hall
King George Street
YEOVIL
Somerset
BA2 1PT



REGISTERED NUMBER: 10253428 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds Bank plc
9 High Street
Yeovil
Somerset
BA20 IRN

Twoleaf Property Management Ltd (Registered number: 10253428)

Abridged Statement of Financial Position
31 July 2018

31.7.18 31.7.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 609 220

CURRENT ASSETS
Debtors 12,959 4,654
Prepayments and accrued income 26,487 20,719
Cash at bank 5,844 4,127
45,290 29,500
CREDITORS
Amounts falling due within one year 10,903 4,023
NET CURRENT ASSETS 34,387 25,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,996

25,697

ACCRUALS AND DEFERRED INCOME 26,487 20,719
NET ASSETS 8,509 4,978

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,409 4,878
SHAREHOLDERS' FUNDS 8,509 4,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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.

Twoleaf Property Management Ltd (Registered number: 10253428)

Abridged Statement of Financial Position - continued
31 July 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 July 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 30 October 2018 and were signed on its behalf by:





A P Rousell - Director


Twoleaf Property Management Ltd (Registered number: 10253428)

Notes to the Financial Statements
for the Year Ended 31 July 2018

1. STATUTORY INFORMATION

Twoleaf Property Management 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.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards and estimation
techniques.

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 etc - 33% on 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Twoleaf Property Management Ltd (Registered number: 10253428)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2018

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2017 330
Additions 748
At 31 July 2018 1,078
DEPRECIATION
At 1 August 2017 110
Charge for year 359
At 31 July 2018 469
NET BOOK VALUE
At 31 July 2018 609
At 31 July 2017 220

5. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A P Rousell.