IRIS Accounts Production v24.1.9.2 10107907 Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101079072022-11-30101079072023-11-30101079072022-12-012023-11-30101079072021-11-30101079072021-12-012022-11-30101079072022-11-3010107907ns15:EnglandWales2022-12-012023-11-3010107907ns14:PoundSterling2022-12-012023-11-3010107907ns10:Director12022-12-012023-11-3010107907ns10:Director22022-12-012023-11-3010107907ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3010107907ns10:SmallEntities2022-12-012023-11-3010107907ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3010107907ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3010107907ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3010107907ns10:FullAccounts2022-12-012023-11-3010107907ns10:RegisteredOffice2022-12-012023-11-3010107907ns5:CurrentFinancialInstruments2023-11-3010107907ns5:CurrentFinancialInstruments2022-11-3010107907ns5:ShareCapital2023-11-3010107907ns5:ShareCapital2022-11-3010107907ns5:RetainedEarningsAccumulatedLosses2023-11-3010107907ns5:RetainedEarningsAccumulatedLosses2022-11-3010107907ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3010107907ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: 10107907 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TW ENERGY LTD

TW ENERGY LTD (REGISTERED NUMBER: 10107907)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TW ENERGY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: H Warrer
T B Andersen





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





REGISTERED NUMBER: 10107907 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

TW ENERGY LTD (REGISTERED NUMBER: 10107907)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 407,200 -
Cash at bank 84 405
407,284 405
CREDITORS
Amounts falling due within one year 5 430,896 19,284
NET CURRENT LIABILITIES (23,612 ) (18,879 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,612

)

(18,879

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (23,613 ) (18,880 )
SHAREHOLDERS' FUNDS (23,612 ) (18,879 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 1 August 2024 and were signed on its behalf by:




H Warrer - Director



T B Andersen - Director


TW ENERGY LTD (REGISTERED NUMBER: 10107907)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

TW Energy 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

The validity of the going concern basis depends upon the continued support of the company loan creditors and directors.

Turnover
Turnover represents income receivable from IT consultancy and is recognised when work is completed.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 400,000 -
Prepayments 7,200 -
407,200 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 430,896 19,284

TW ENERGY LTD (REGISTERED NUMBER: 10107907)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. RELATED PARTY DISCLOSURES

At the balance sheet date £17,285 (2022 : £19,284) was owed by the company to a company owned by the director H Warrer. This is included within amounts owed to group undertakings.

At the balance sheet date £413,611 (2022 : £Nil) was owed by the company to the parent company. This is included within amounts owed to group undertakings.