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REGISTERED NUMBER: 07876885 (England and Wales)











TWO-ONE BH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






TWO-ONE BH LIMITED (REGISTERED NUMBER: 07876885)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


TWO-ONE BH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr B Hoggarth
Mrs R Hoggarth





REGISTERED OFFICE: Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW





REGISTERED NUMBER: 07876885 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

TWO-ONE BH LIMITED (REGISTERED NUMBER: 07876885)

ABRIDGED BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,372 560,550
Investment property 5 229,768 -
367,140 560,550

CURRENT ASSETS
Stocks 139,422 1,513,328
Debtors 85,814 2,264
Cash at bank 489 13,559
225,725 1,529,151
CREDITORS
Amounts falling due within one year 411,905 1,858,445
NET CURRENT LIABILITIES (186,180 ) (329,294 )
TOTAL ASSETS LESS CURRENT LIABILITIES 180,960 231,256

PROVISIONS FOR LIABILITIES 4,434 4,346
NET ASSETS 176,526 226,910

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 176,524 226,908
SHAREHOLDERS' FUNDS 176,526 226,910

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

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

TWO-ONE BH LIMITED (REGISTERED NUMBER: 07876885)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





Mr B Hoggarth - Director


TWO-ONE BH LIMITED (REGISTERED NUMBER: 07876885)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Two-One BH 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.

The company trades from garage premises near Malton, North Yorkshire.

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 represents amounts receivable for goods and services supplied in the course of the company's activities, net of value added tax.

Turnover is recognised in respect of services provided or sales made in the year, where the right to revenue exists. Amounts invoiced relating to services to be performed in future periods are deferred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Long leasehold - 2% on cost
Equipment, machinery - 15% on reducing balance
Fixtures and fittings - 33% on cost and 15% on reducing balance
Motor vehicles - 20% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.


TWO-ONE BH LIMITED (REGISTERED NUMBER: 07876885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pensions
Pension costs represent contributions made by the company to the director's personal defined contribution pension scheme. Contributions payable in the year are charged in the profit and loss account.

Governments grants
Revenue grants are credited to the profit and loss account so as to match them with the expenditure to which they relate.

Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity are recognised in the period in which they become receivable.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 665,448
Reclassification/transfer (421,027 )
At 31 January 2023 244,421
DEPRECIATION
At 1 February 2022 104,898
Charge for year 15,882
Reclassification/transfer (13,731 )
At 31 January 2023 107,049
NET BOOK VALUE
At 31 January 2023 137,372
At 31 January 2022 560,550

TWO-ONE BH LIMITED (REGISTERED NUMBER: 07876885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Disposals (181,510 )
Reclassification/transfer 421,027
At 31 January 2023 239,517
DEPRECIATION
Charge for year 4,790
Eliminated on disposal (8,772 )
Reclassification/transfer 13,731
At 31 January 2023 9,749
NET BOOK VALUE
At 31 January 2023 229,768

The investment properties are included at the directors assessment of market value.

6. RELATED PARTY DISCLOSURES

Within creditors is an amount of £256,281 (2022: £1,832,337) which is owed to the directors. This represents an interest-free loan to the business with no fixed repayment terms.