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REGISTERED NUMBER: 09951623 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

TWC PLACE LTD

TWC PLACE LTD (REGISTERED NUMBER: 09951623)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TWC PLACE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTOR: Mrs S J Walker





SECRETARY: Compass Secretariat Limited





REGISTERED OFFICE: Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR





REGISTERED NUMBER: 09951623 (England and Wales)





ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR

TWC PLACE LTD (REGISTERED NUMBER: 09951623)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 - 9,589
Cash at bank 6,564 5,001
6,564 14,590
CREDITORS
Amounts falling due within one year 6 13,358 14,407
NET CURRENT (LIABILITIES)/ASSETS (6,794 ) 183
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,794

)

183

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (6,795 ) 182
SHAREHOLDERS' FUNDS (6,794 ) 183

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3rd August 2023 and were signed by:





Mrs S J Walker - Director


TWC PLACE LTD (REGISTERED NUMBER: 09951623)

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


1. STATUTORY INFORMATION

TWC Place 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured,

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 1A to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

Going concern
The financial statements for the year ended 31st January 2023 have been prepared on a going concern basis. In making this going concern assessment, all available information about the foreseeable future has been taken into account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

TWC PLACE LTD (REGISTERED NUMBER: 09951623)

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


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st February 2022
and 31st January 2023 500
DEPRECIATION
At 1st February 2022
and 31st January 2023 500
NET BOOK VALUE
At 31st January 2023 -
At 31st January 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 9,589

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security (471 ) 12,529
Other creditors 13,829 1,878
13,358 14,407

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2023 and 31st January 2022:

2023 2022
£    £   
Mrs S J Walker
Balance outstanding at start of year 9,589 (3,316 )
Amounts advanced 12,970 46,517
Amounts repaid (25,794 ) (33,612 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,235 ) 9,589