1 May 2022 false No description of principal activity Taxfiler 2023.11.1 SC659930business:PrivateLimitedCompanyLtd2022-05-012023-04-30 SC6599302022-04-30 SC6599302022-05-012023-04-30 SC659930business:AuditExemptWithAccountantsReport2022-05-012023-04-30 SC659930business:FilletedAccounts2022-05-012023-04-30 SC6599302023-04-30 SC659930business:Director12022-05-012023-04-30 SC659930business:Director22022-05-012023-04-30 SC659930business:RegisteredOffice2022-05-012023-04-30 SC6599302022-04-30 SC659930core:WithinOneYear2023-04-30 SC659930core:WithinOneYear2022-04-30 SC659930core:AfterOneYear2023-04-30 SC659930core:AfterOneYear2022-04-30 SC659930core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 SC659930core:ShareCapitalcore:PreviouslyStatedAmount2022-04-30 SC659930core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 SC659930core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-30 SC659930core:PreviouslyStatedAmount2023-04-30 SC659930core:PreviouslyStatedAmount2022-04-30 SC659930business:SmallEntities2022-05-012023-04-30 SC659930countries:Scotland2022-05-012023-04-30 SC659930core:AcceleratedTaxDepreciationDeferredTax2023-04-30 SC659930core:AcceleratedTaxDepreciationDeferredTax2022-04-30 SC659930core:RevaluationPropertyDeferredTax2023-04-30 SC659930core:RevaluationPropertyDeferredTax2022-04-30 SC6599302021-04-30 SC6599302021-05-012022-04-30 SC659930business:OrdinaryShareClass12022-05-012023-04-30 SC659930business:OrdinaryShareClass12021-05-012022-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC659930 (Scotland)
TWL Properties Ltd Unaudited accounts for the year ended 30 April 2023
TWL Properties Ltd Unaudited accounts Contents
Page
- 2 -
TWL Properties Ltd Company Information for the year ended 30 April 2023
Directors
Joseph Leather Theresa Leather
Company Number
SC659930 (Scotland)
Registered Office
22 Angus Gardens Monifieth Angus DD5 4UE Scotland
Accountants
FBD Consultancy, Accounts & Tax Ltd Sgarbach House 10 Binniehill Road Cumbernauld North Lanarkshire G68 9AJ
- 3 -
TWL Properties Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
1,263,000 
365,000 
Current assets
Cash at bank and in hand
6,163 
19,975 
Creditors: amounts falling due within one year
(347,006)
(153,925)
Net current liabilities
(340,843)
(133,950)
Total assets less current liabilities
922,157 
231,050 
Creditors: amounts falling due after more than one year
(877,042)
(189,599)
Provisions for liabilities
Deferred tax
(23,529)
(11,287)
Net assets
21,586 
30,164 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
21,584 
30,162 
Shareholders' funds
21,586 
30,164 
For the year ending 30 April 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 19 January 2024 and were signed on its behalf by
Joseph Leather Director Company Registration No. SC659930
- 4 -
TWL Properties Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
TWL Properties Ltd is a private company, limited by shares, registered in Scotland, registration number SC659930. The registered office is 22 Angus Gardens , Monifieth, Angus, DD5 4UE, Scotland .
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 May 2022
365,000 
Additions
892,974 
Net gain from fair value adjustments
5,026 
At 30 April 2023
1,263,000 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,881 
- 
Loans from directors
341,388 
151,037 
Accruals
3,737 
2,888 
347,006 
153,925 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
877,042 
189,599 
- 5 -
TWL Properties Ltd Notes to the Accounts for the year ended 30 April 2023
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
11,287 
- 
Revaluation of land and buildings
12,242 
11,287 
23,529 
11,287 
2023 
2022 
£ 
£ 
Provision at start of year
11,287 
- 
Charged to the profit and loss account
12,242 
11,287 
Provision at end of year
23,529 
11,287 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -