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Company Registration No. 10411770 (England and Wales)
TwoEight Investments Ltd Filleted accounts for the year ended 31 October 2023
TwoEight Investments Ltd Filleted accounts Contents
Page
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TwoEight Investments Ltd Company Information for the year ended 31 October 2023
Directors
Jagjeet Singh Biryah Jamsher Singh Biryah
Company Number
10411770 (England and Wales)
Registered Office
Hawthorne House 17A Hawthorne Drive Leicester LE5 6DL
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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TwoEight Investments Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
410,000 
410,000 
Current assets
Debtors
119 
- 
Investments
5,000 
- 
Cash at bank and in hand
76,722 
105,266 
81,841 
105,266 
Creditors: amounts falling due within one year
(45,261)
(45,077)
Net current assets
36,580 
60,189 
Total assets less current liabilities
446,580 
470,189 
Creditors: amounts falling due after more than one year
(410,976)
(444,973)
Net assets
35,604 
25,216 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
35,602 
25,214 
Shareholders' funds
35,604 
25,216 
For the year ending 31 October 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 30 July 2024 and were signed on its behalf by
Jagjeet Singh Biryah Director Company Registration No. 10411770
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TwoEight Investments Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
TwoEight Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 10411770. The registered office is Hawthorne House, 17A Hawthorne Drive, Leicester, LE5 6DL.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Fair value at 1 November 2022
410,000 
At 31 October 2023
410,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
119 
- 
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TwoEight Investments Ltd Notes to the Accounts for the year ended 31 October 2023
6
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
5,000 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
28,323 
36,370 
Taxes and social security
2,437 
1,563 
Other creditors
13,824 
6,494 
Accruals
677 
650 
45,261 
45,077 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
329,686 
331,683 
Trade creditors
3,290 
3,290 
Loans from directors
78,000 
110,000 
410,976 
444,973 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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