Silverfin false 31/12/2022 01/01/2022 31/12/2022 H Turner 06/12/2016 R Turner 06/12/2016 18 October 2023 The principal activity of the Company during the financial year was media and promotion. 10512183 2022-12-31 10512183 bus:Director1 2022-12-31 10512183 bus:Director2 2022-12-31 10512183 2021-12-31 10512183 core:CurrentFinancialInstruments 2022-12-31 10512183 core:CurrentFinancialInstruments 2021-12-31 10512183 core:ShareCapital 2022-12-31 10512183 core:ShareCapital 2021-12-31 10512183 core:RetainedEarningsAccumulatedLosses 2022-12-31 10512183 core:RetainedEarningsAccumulatedLosses 2021-12-31 10512183 core:ComputerSoftware 2021-12-31 10512183 core:ComputerSoftware 2022-12-31 10512183 core:PlantMachinery 2021-12-31 10512183 core:OfficeEquipment 2021-12-31 10512183 core:PlantMachinery 2022-12-31 10512183 core:OfficeEquipment 2022-12-31 10512183 bus:OrdinaryShareClass1 2022-12-31 10512183 2022-01-01 2022-12-31 10512183 bus:FullAccounts 2022-01-01 2022-12-31 10512183 bus:SmallEntities 2022-01-01 2022-12-31 10512183 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 10512183 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10512183 bus:Director1 2022-01-01 2022-12-31 10512183 bus:Director2 2022-01-01 2022-12-31 10512183 core:ComputerSoftware core:TopRangeValue 2022-01-01 2022-12-31 10512183 core:PlantMachinery core:TopRangeValue 2022-01-01 2022-12-31 10512183 core:OfficeEquipment 2022-01-01 2022-12-31 10512183 2021-01-01 2021-12-31 10512183 core:ComputerSoftware 2022-01-01 2022-12-31 10512183 core:PlantMachinery 2022-01-01 2022-12-31 10512183 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 10512183 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10512183 (England and Wales)

TURNER TWINS VENTURES LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2022
Pages for filing with the registrar

TURNER TWINS VENTURES LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2022

Contents

TURNER TWINS VENTURES LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2022
TURNER TWINS VENTURES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2022
DIRECTORS H Turner
R Turner
REGISTERED OFFICE Ground Floor
90 Victoria Street
Bristol
BS1 6DP
United Kingdom
COMPANY NUMBER 10512183 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
90 Victoria Street
Bristol
BS1 6DP
TURNER TWINS VENTURES LIMITED

BALANCE SHEET

As at 31 December 2022
TURNER TWINS VENTURES LIMITED

BALANCE SHEET (continued)

As at 31 December 2022
Note 2022 2021
£ £
Fixed assets
Intangible assets 3 1,375 0
Tangible assets 4 129,112 6,516
130,487 6,516
Current assets
Debtors 5 18,202 39,742
Cash at bank and in hand 41,161 46,800
59,363 86,542
Creditors: amounts falling due within one year 6 ( 112,186) ( 53,593)
Net current (liabilities)/assets (52,823) 32,949
Total assets less current liabilities 77,664 39,465
Provision for liabilities ( 16,681) ( 1,238)
Net assets 60,983 38,227
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account 60,981 38,225
Total shareholders' funds 60,983 38,227

For the financial 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.

Directors' responsibilities:

The financial statements of Turner Twins Ventures Limited (registered number: 10512183) were approved and authorised for issue by the Board of Directors on 18 October 2023. They were signed on its behalf by:

H Turner
Director
TURNER TWINS VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2022
TURNER TWINS VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Turner Twins Ventures Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor, 90 Victoria Street, Bristol, BS1 6DP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and is stated net of VAT. Revenue for services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 5 years straight line
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Computer software Total
£ £
Cost
At 01 January 2022 0 0
Additions 1,650 1,650
At 31 December 2022 1,650 1,650
Accumulated amortisation
At 01 January 2022 0 0
Charge for the financial year 275 275
At 31 December 2022 275 275
Net book value
At 31 December 2022 1,375 1,375
At 31 December 2021 0 0

4. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 January 2022 0 20,478 20,478
Additions 144,973 3,210 148,183
Disposals ( 2,500) 0 ( 2,500)
At 31 December 2022 142,473 23,688 166,161
Accumulated depreciation
At 01 January 2022 0 13,962 13,962
Charge for the financial year 21,140 2,030 23,170
Disposals ( 83) 0 ( 83)
At 31 December 2022 21,057 15,992 37,049
Net book value
At 31 December 2022 121,416 7,696 129,112
At 31 December 2021 0 6,516 6,516

5. Debtors

2022 2021
£ £
Trade debtors 15,589 39,742
Other debtors 2,613 0
18,202 39,742

6. Creditors: amounts falling due within one year

2022 2021
£ £
Amounts owed to directors 59,852 21,841
Accruals and deferred income 40,958 6,844
Corporation tax 0 5,460
Other taxation and social security 1,321 9,483
Other creditors 10,055 9,965
112,186 53,593

7. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

8. Related party transactions

Transactions with the entity's directors

At the year end the Company owed directors £59,852 (2021 - £21,841). The loan is interest free and repayable on demand.