1 March 2022 false No description of principal activity Taxfiler 2023.10 NI667758business:PrivateLimitedCompanyLtd2022-03-012023-02-28 NI6677582022-02-28 NI6677582022-03-012023-02-28 NI667758business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 NI667758business:FilletedAccounts2022-03-012023-02-28 NI6677582023-02-28 NI667758business:Director12022-03-012023-02-28 NI667758business:RegisteredOffice2022-03-012023-02-28 NI6677582022-02-28 NI667758core:WithinOneYear2023-02-28 NI667758core:WithinOneYear2022-02-28 NI667758core:AfterOneYear2023-02-28 NI667758core:AfterOneYear2022-02-28 NI667758core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 NI667758core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 NI667758core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 NI667758core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 NI667758core:PreviouslyStatedAmount2023-02-28 NI667758core:PreviouslyStatedAmount2022-02-28 NI667758business:SmallEntities2022-03-012023-02-28 NI667758countries:NorthernIreland2022-03-012023-02-28 NI6677582021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. NI667758 (Northern Ireland)
Twosea Property Ltd Unaudited accounts for the year ended 28 February 2023
Twosea Property Ltd Unaudited accounts Contents
Page
- 2 -
Twosea Property Ltd Company Information for the year ended 28 February 2023
Director
M Mooney
Company Number
NI667758 (Northern Ireland)
Registered Office
4 Hillcroft Dungannon BT71 6SJ Northern Ireland
Accountants
O'Meara Fitzmaurice & Co Brimstage Hall Brimstage Road Wirral CH63 6JA
- 3 -
Twosea Property Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
95,000 
95,000 
Investments
51,771 
51,771 
146,771 
146,771 
Current assets
Cash at bank and in hand
502 
232 
Creditors: amounts falling due within one year
(87,018)
(86,080)
Net current liabilities
(86,516)
(85,848)
Total assets less current liabilities
60,255 
60,923 
Creditors: amounts falling due after more than one year
(71,250)
(71,250)
Net liabilities
(10,995)
(10,327)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(10,996)
(10,328)
Shareholders' funds
(10,995)
(10,327)
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 23 November 2023 and were signed on its behalf by
M Mooney Director Company Registration No. NI667758
- 4 -
Twosea Property Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Twosea Property Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI667758. The registered office is 4 Hillcroft, Dungannon, BT71 6SJ, Northern Ireland.
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.
4
Investment property
2023 
£ 
Fair value at 1 March 2022
95,000 
At 28 February 2023
95,000 
5
Investments
Other investments 
£ 
Valuation at 1 March 2022
51,771 
Valuation at 28 February 2023
51,771 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
87,018 
86,080 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
71,250 
71,250 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 5 -