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Company No: 11796146 (England and Wales)

TWENTYFIFTY INTERNATIONAL LTD

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

TWENTYFIFTY INTERNATIONAL LTD

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

TWENTYFIFTY INTERNATIONAL LTD

STATEMENT OF FINANCIAL POSITION

As at 30 June 2023
TWENTYFIFTY INTERNATIONAL LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 20,489 146,844
20,489 146,844
Current assets
Debtors 7,281 0
7,281 0
Creditors: amounts falling due within one year 4 ( 1,100) ( 141,942)
Net current assets/(liabilities) 6,181 (141,942)
Total assets less current liabilities 26,670 4,902
Net assets 26,670 4,902
Capital and reserves
Called-up share capital 5 120 120
Profit and loss account 26,550 4,782
Total shareholders' funds 26,670 4,902

For the financial year ending 30 June 2023 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 Twentyfifty International Ltd (registered number: 11796146) were approved and authorised for issue by the Director on 01 February 2024. They were signed on its behalf by:

L R Wilde
Director
TWENTYFIFTY INTERNATIONAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
TWENTYFIFTY INTERNATIONAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
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

Twentyfifty International Ltd (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 2b Bath Street, Frome, BA11 1DG, England, 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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 4

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 July 2022 146,844
At 30 June 2023 146,844
Provisions for impairment
At 01 July 2022 0
Impairment 126,355
At 30 June 2023 126,355
Carrying value at 30 June 2023 20,489
Carrying value at 30 June 2022 146,844

4. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Group undertakings 0 140,944
Accruals 1,100 998
1,100 141,942

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
12,000 Ordinary shares of £ 0.01 each (2022: 120 shares of £ 1.00 each) 120 120

During the year 120 ordinary shares of £1 each were sub-divided into 12,000 shares of £0.01 each.

6. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Dividends paid to directors in year 0 31,466

The company has taken advantage of the exemption under FRS 102 S1AC.35 to not disclose details of transactions with subsidiaries within a wholly owned group.