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Registration number: 08015723

TW Holdings & Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

TW Holdings & Investments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

TW Holdings & Investments Limited

Company Information

Directors

Mr Jaykumar Patel

Mr Dipesh Patel

Registered office

Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Marlow Road
Bourne End
Bucks
SL8 5TD

 

TW Holdings & Investments Limited

(Registration number: 08015723)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

198

198

Current assets

 

Debtors

5

-

240,000

Cash at bank and in hand

 

4,610

11,099

 

4,610

251,099

Creditors: Amounts falling due within one year

6

(2,499)

(252,499)

Net current assets/(liabilities)

 

2,111

(1,400)

Net assets/(liabilities)

 

2,309

(1,202)

Capital and reserves

 

Called up share capital

70

70

Retained earnings

2,239

(1,272)

Shareholders' funds/(deficit)

 

2,309

(1,202)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 November 2023 and signed on its behalf by:
 

 

TW Holdings & Investments Limited

(Registration number: 08015723)
Balance Sheet as at 31 March 2023

.........................................
Mr Jaykumar Patel
Director

.........................................
Mr Dipesh Patel
Director

 

TW Holdings & Investments Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
United Kingdom

These financial statements were authorised for issue by the Board on 17 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Government grants

Government grants are recognised under the accrual model of grant recognition. This model requires the grant to be classified as either a revenue-based grant or a capital-based grant.

Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

 

TW Holdings & Investments Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

TW Holdings & Investments Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

4

Investments

2023
£

2022
£

Investments in subsidiaries

198

198

Subsidiaries

£

Cost or valuation

At 1 April 2022

198

Provision

Carrying amount

At 31 March 2023

198

At 31 March 2022

198

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Total Commodities Limited

Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS

Ordinary

100%

100%

 

England

     

Total Shred Limited

Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS

Ordinary

100%

100%

 

England

     
 

TW Holdings & Investments Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

Subsidiary undertakings

Total Commodities Limited

The principal activity of Total Commodities Limited is one of a recycling company.

Total Shred Limited

The principal activity of Total Shred Limited is one of a recycling company..

 

TW Holdings & Investments Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

5

Debtors

Note

2023
£

2022
£

Amounts owed by related parties

7

-

240,000

 

-

240,000

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to related parties

7

1,130

251,130

Accruals and deferred income

 

1,369

1,369

 

2,499

252,499

7

Related party transactions

Summary of transactions with subsidiaries


Total Shred Limited and Total Commodities Limited

 
During the year the company received dividends from subsidiary companies of £275,000 (2022: £250,000).

At the year end amounts due from subsidiaries was £Nil (2022: £240,000).