Company Registration No. SC659930 (Scotland)
TWL Properties Ltd
Unaudited accounts
for the year ended 30 April 2023
TWL Properties Ltd
Unaudited accounts
Contents
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
TWL Properties Ltd
Statement of financial position
as at 30 April 2023
Investment property
1,263,000
365,000
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)
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
TWL Properties Ltd
Notes to the Accounts
for the year ended 30 April 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 May 2022
365,000
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
Loans from directors
341,388
151,037
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
877,042
189,599
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
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
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).