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Company Registration No. 09527973 (England and Wales)
TWH Homes Ltd Unaudited accounts for the year ended 31 March 2023
TWH Homes Ltd Unaudited accounts Contents
Page
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TWH Homes Ltd Company Information for the year ended 31 March 2023
Directors
Carly Holliday Thomas Holliday
Company Number
09527973 (England and Wales)
Registered Office
Spring Cottage Kelfield York North Yorkshire YO19 6RJ England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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TWH Homes Ltd Accountants' report
Accountants' report to the board of directors of TWH Homes Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TWH Homes Ltd for the year ended 31 March 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of TWH Homes Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of TWH Homes Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TWH Homes Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TWH Homes Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of TWH Homes Ltd. You consider that TWH Homes Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of TWH Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 27 October 2023
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TWH Homes Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,426 
8,283 
Investment property
1,016,574 
1,011,717 
Investments
10 
10 
1,020,010 
1,020,010 
Current assets
Debtors
11,817 
18,971 
Cash at bank and in hand
3,634 
1,564 
15,451 
20,535 
Creditors: amounts falling due within one year
(106,702)
(113,583)
Net current liabilities
(91,251)
(93,048)
Total assets less current liabilities
928,759 
926,962 
Creditors: amounts falling due after more than one year
(846,069)
(881,955)
Net assets
82,690 
45,007 
Capital and reserves
Called up share capital
75,100 
75,100 
Profit and loss account
7,590 
(30,093)
Shareholders' funds
82,690 
45,007 
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by
Thomas Holliday Director Company Registration No. 09527973
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TWH Homes Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
TWH Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 09527973. The registered office is Spring Cottage, Kelfield, York, North Yorkshire, YO19 6RJ, 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. These gains are unrealised, and hence, unavailable for distribution. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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
Between 4 and 8 years on cost
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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TWH Homes Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
49,710 
At 31 March 2023
49,710 
Depreciation
At 1 April 2022
41,427 
Charge for the year
4,857 
At 31 March 2023
46,284 
Net book value
At 31 March 2023
3,426 
At 31 March 2022
8,283 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
1,011,717 
Net gain from fair value adjustments
4,857 
At 31 March 2023
1,016,574 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2022
10 
Valuation at 31 March 2023
10 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
5,667 
17,604 
Other debtors
6,150 
1,367 
11,817 
18,971 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
38,426 
24,389 
Other creditors
5,300 
3,500 
Loans from directors
62,247 
84,965 
Accruals
729 
729 
106,702 
113,583 
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TWH Homes Ltd Notes to the Accounts for the year ended 31 March 2023
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
740,935 
757,188 
Other creditors
105,134 
124,767 
846,069 
881,955 
Aggregate of amounts that fall due for payment after five years
740,935 
757,188 
In October 2020, the company received a Bounce Back Loan of £25,000, which is a 100% UK Government backed loan. Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government. The loan was fully paid back in the year.
10
Transactions with related parties
Included in current liabilities is a balance of £38,426 (2022 - £24,389) owed to TWH2, a 100% subsidiary. The loan is interest-free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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