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REGISTERED NUMBER: 11840034 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TWINEHAM (ALMONDSBURY) LIMITED

TWINEHAM (ALMONDSBURY) LIMITED (REGISTERED NUMBER: 11840034)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TWINEHAM (ALMONDSBURY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: H Moss





REGISTERED OFFICE: Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW





REGISTERED NUMBER: 11840034 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

TWINEHAM (ALMONDSBURY) LIMITED (REGISTERED NUMBER: 11840034)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1 7,112
Investment property 5 2,300,000 2,300,000
2,300,001 2,307,112

CURRENT ASSETS
Debtors 6 29,129 14,550
Cash at bank 3,182 4,327
32,311 18,877
CREDITORS
Amounts falling due within one year 7 633,525 656,348
NET CURRENT LIABILITIES (601,214 ) (637,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,698,787

1,669,641

CREDITORS
Amounts falling due after more than one
year

8

(1,207,642

)

(1,248,169

)

PROVISIONS FOR LIABILITIES (48,807 ) (48,807 )
NET ASSETS 442,338 372,665

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 146,422 146,422
Retained earnings 295,816 226,143
442,338 372,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TWINEHAM (ALMONDSBURY) LIMITED (REGISTERED NUMBER: 11840034)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2024 and were signed by:





H Moss - Director


TWINEHAM (ALMONDSBURY) LIMITED (REGISTERED NUMBER: 11840034)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Twineham (Almondsbury) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 January 2023
and 31 December 2023 37,187
DEPRECIATION
At 1 January 2023 30,075
Charge for year 7,111
At 31 December 2023 37,186
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 7,112

TWINEHAM (ALMONDSBURY) LIMITED (REGISTERED NUMBER: 11840034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,300,000
NET BOOK VALUE
At 31 December 2023 2,300,000
At 31 December 2022 2,300,000

In August 2019 a professional valuation of the investment property was carried out by an independent firm of commercial property consultants, on a market value basis. The director considers the current market value to be £2,300,000. No depreciation is provided in respect of this property.

A provision has been made for deferred tax on gains on revaluing the property to its fair value. The total amount provided is £48,807.

Fair value at 31 December 2023 is represented by:
£
Valuation in 2020 195,229
Cost 2,104,771
2,300,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 29,129 14,352
Other debtors - 198
29,129 14,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 55,200 55,200
Trade creditors 327 506
Amounts owed to group undertakings 459,396 482,858
Taxation and social security 32,732 34,252
Other creditors 85,870 83,532
633,525 656,348

Bank borrowings are secured by a fixed and floating charge over the freehold property.

TWINEHAM (ALMONDSBURY) LIMITED (REGISTERED NUMBER: 11840034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 1,207,642 1,248,169

Bank borrowings are secured by a fixed and floating charge over the freehold property.

9. RESERVES
Fair value
reserve
£
At 1 January 2023
and 31 December 2023 146,422