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REGISTERED NUMBER: 10535299 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Tdwt Ltd.

Tdwt Ltd. (Registered number: 10535299)






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


Tdwt Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M R Coupe
Mrs H Coupe





REGISTERED OFFICE: Beechgrove
Edwin Close
West Horsley
Leatherhead
Surrey
KT24 6LW





REGISTERED NUMBER: 10535299 (England and Wales)





ACCOUNTANTS: Tropman & Co Limited
39 Station Road
Liphook
Hampshire
GU30 7DW

Tdwt Ltd. (Registered number: 10535299)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,466 2,603
Tangible assets 5 974 1,299
Investments 6 33,677 2
37,117 3,904

CURRENT ASSETS
Debtors 7 12 87,585
Cash at bank 59,533 1,610
59,545 89,195
CREDITORS
Amounts falling due within one year 8 1,138 1,440
NET CURRENT ASSETS 58,407 87,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,524

91,659

PROVISIONS FOR LIABILITIES 2,090 -
NET ASSETS 93,434 91,659

CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 10,998 -
Retained earnings 10 82,435 91,658
SHAREHOLDERS' FUNDS 93,434 91,659

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 directors acknowledge their 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.

Tdwt Ltd. (Registered number: 10535299)

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 Board of Directors and authorised for issue on 27 July 2024 and were signed on its behalf by:





Mrs H Coupe - Director


Tdwt Ltd. (Registered number: 10535299)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Tdwt Ltd. 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.

Intangible fixed assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment costs.

Trade Marks - amortised evenly over their estimated useful life of 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Investments are stated at fair value at the Balance Sheet date. Any unrealised gain/loss is recognised in the Income Statement for the year.

Tdwt Ltd. (Registered number: 10535299)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 2,740
AMORTISATION
At 1 January 2023 137
Charge for year 137
At 31 December 2023 274
NET BOOK VALUE
At 31 December 2023 2,466
At 31 December 2022 2,603

Intangible Fixed Assets relate to Trade Marks purchased during the year.

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 6,988
DEPRECIATION
At 1 January 2023 5,689
Charge for year 325
At 31 December 2023 6,014
NET BOOK VALUE
At 31 December 2023 974
At 31 December 2022 1,299

6. FIXED ASSET INVESTMENTS

During the year ended 31st December 2023 the company invested £22,676.74 in total by way of a SEED investment. The total amount invested in the company was in exchange for a 1.43% ownership of shares in VYBE BEAUTY GMBH.

As at 31st December 2023 the above investments fair value was considered by the director to be £33,675.21 representing an increase in value of £10,998.47. The fair value being stated in the Balance Sheet as at 31st December 2023 and the unrealised gain recognised in the Income Statement for the year.

Tdwt Ltd. (Registered number: 10535299)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors - 86,459
Tax - 662
VAT 12 464
12 87,585

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Directors' current accounts 138 440
Accruals and deferred income 1,000 1,000
1,138 1,440

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £0.00 1 1 1

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 91,658 - 91,658
Profit for the year 1,775 1,775
Investment revaluation (10,998 ) 10,998 -
At 31 December 2023 82,435 10,998 93,433

11. RELATED PARTY DISCLOSURES

The company TDWT Limited owns 100% of the ordinary voting shares, with a nominal value of £2, in a company named Coupe Coastal Ltd.

Mrs H Coupe, the majority share holder (75%) and a director of TDWT Limited is also a director of Coupe Coastal Ltd.

During the year ended 31st December 2022 the company loaned Coupe Coastal Ltd £90,000. Repayments to TDWT Limited were made during the years ended 31st December 2022 and 31st December 2023. A balance of £1,796 being written off in the accounts of TDWT Ltd in the year ended 31st December 2023.

Mrs H Coupe is noted as a 'Person of Significant Control' in the company Coupe Coastal Ltd by virtue of the fact that she has significant influence or control.

Coupe Coastal Ltd, is currently being wound up and will be struck of the register at Companies House in due course.