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Company Registration No. 11771387 (England and Wales)
TWC CAPITAL LTD Unaudited accounts for the year ended 31 December 2022
TWC CAPITAL LTD Unaudited accounts Contents
Page
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TWC CAPITAL LTD Company Information for the year ended 31 December 2022
Director
Timothy Wayne Cagle
Company Number
11771387 (England and Wales)
Registered Office
MICHELIN BUILDING FULHAM ROAD LONDON SW3 6RD ENGLAND
Accountants
Connect Accountants Ltd Kemp House 160 City Road London England EC1V 2NX
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TWC CAPITAL LTD Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,902 
5,000 
Investment property
9,176 
9,176 
Investments
1,443,464 
190,926 
1,454,542 
205,102 
Current assets
Debtors
745,267 
2,289,348 
Cash at bank and in hand
73,938 
333,464 
819,205 
2,622,812 
Creditors: amounts falling due within one year
(2,366,709)
(2,707,364)
Net current liabilities
(1,547,504)
(84,552)
Net (liabilities)/assets
(92,962)
120,550 
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
(68,130)
- 
Profit and loss account
(24,932)
120,450 
Shareholders' funds
(92,962)
120,550 
For the year ending 31 December 2022 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.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
Timothy Wayne Cagle Director Company Registration No. 11771387
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TWC CAPITAL LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
TWC CAPITAL LTD is a private company, limited by shares, registered in England and Wales, registration number 11771387. The registered office is MICHELIN BUILDING, FULHAM ROAD, LONDON, SW3 6RD, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight line basis
Computer equipment
25% Straight line basis
Investment property
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.
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Investments in shares are included at fair value.
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TWC CAPITAL LTD Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
9,352 
3,038 
12,390 
At 31 December 2022
9,352 
3,038 
12,390 
Depreciation
At 1 January 2022
6,224 
1,166 
7,390 
Charge for the year
2,338 
760 
3,098 
At 31 December 2022
8,562 
1,926 
10,488 
Net book value
At 31 December 2022
790 
1,112 
1,902 
At 31 December 2021
3,128 
1,872 
5,000 
5
Investment property
2022 
£ 
Fair value at 1 January 2022
9,176 
At 31 December 2022
9,176 
6
Investments
Other investments 
£ 
Valuation at 1 January 2022
190,926 
Additions
1,252,538 
Valuation at 31 December 2022
1,443,464 
Investment of £1,265,100 in Censornet Limited converted into equity.
7
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
61,479 
61,479 
Other debtors
8,000 
8,000 
69,479 
69,479 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
675,788 
2,219,869 
8
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
- 
26,591 
Loans from directors
2,366,709 
2,680,773 
2,366,709 
2,707,364 
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TWC CAPITAL LTD Notes to the Accounts for the year ended 31 December 2022
9
Loans to directors
At the balance sheet date, included in Creditors is an amount owed to the director and shareholder, Mr T W Cagle for the sum of £2,366,709 (2020: £2,680,773).
10
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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