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REGISTERED NUMBER: 10029922 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

TWO LEFT LIMITED

TWO LEFT LIMITED (REGISTERED NUMBER: 10029922)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TWO LEFT LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







Directors: Mr J A Edwards
Mr K O'Donnell





Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ





Registered number: 10029922 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

TWO LEFT LIMITED (REGISTERED NUMBER: 10029922)

Balance Sheet
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 495,000 491,676

CURRENT ASSETS
Debtors 5 1,200 1,200
Cash at bank 4,189 13,301
5,389 14,501
CREDITORS
Amounts falling due within one year 6 141,503 162,313
NET CURRENT LIABILITIES (136,114 ) (147,812 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

358,886

343,864

CREDITORS
Amounts falling due after more than one
year

7

186,507

198,906
NET ASSETS 172,379 144,958

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 3,324 -
Retained earnings 169,053 144,956
SHAREHOLDERS' FUNDS 172,379 144,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:




Mr J A Edwards - Director



Mr K O'Donnell - Director


TWO LEFT LIMITED (REGISTERED NUMBER: 10029922)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Two Left Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 491,676
Revaluations 3,324
At 31 March 2023 495,000
NET BOOK VALUE
At 31 March 2023 495,000
At 31 March 2022 491,676

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 3,324
Cost 491,676
495,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 491,676 491,676

The investment property was valued on an open market basis on 26 July 2022 by Parkinson Real Estate .

TWO LEFT LIMITED (REGISTERED NUMBER: 10029922)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 1,200 1,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 11,724 11,049
Taxation and social security 5,652 7,449
Other creditors 124,127 143,815
141,503 162,313

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 186,507 198,906

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 198,231 209,955

The bank loan is secured against the property at 1 Cross Lane, Billinge, Wigan.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Fair
value
reserve
£   
Fair value revaluation 3,324

At 31 March 2023 3,324

11. RELATED PARTY DISCLOSURES

Included in Other creditors is an amount of £115,119 (2022: £135,119) owed to Coccion Construction Limited, a company with a common shareholder.