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REGISTERED NUMBER: 11084384 (England and Wales)














Unaudited Financial Statements for the Year Ended 30 November 2023

for

Twelfth Gate Properties Ltd

Twelfth Gate Properties Ltd (Registered number: 11084384)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Twelfth Gate Properties Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr T Franka





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 11084384 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Twelfth Gate Properties Ltd (Registered number: 11084384)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
CURRENT ASSETS
Debtors 4 15,661 17,085
Cash at bank 9,133 6,301
24,794 23,386
CREDITORS
Amounts falling due within one year 5 29,483 13,495
NET CURRENT (LIABILITIES)/ASSETS (4,689 ) 9,891
TOTAL ASSETS LESS CURRENT LIABILITIES (4,689 ) 9,891

CREDITORS
Amounts falling due after more than one
year

6

18,013

30,729
NET LIABILITIES (22,702 ) (20,838 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (22,705 ) (20,841 )
SHAREHOLDERS' FUNDS (22,702 ) (20,838 )

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 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.

Twelfth Gate Properties Ltd (Registered number: 11084384)

Balance Sheet - continued
30 November 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 28 August 2024 and were signed by:





Mr T Franka - Director


Twelfth Gate Properties Ltd (Registered number: 11084384)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Twelfth Gate Properties 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.

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

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.

Going concern
The financial statements have been prepared on the going concern basis. The director is of the opinion that the shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed by group undertakings 2,802 -
Other debtors 12,859 17,085
15,661 17,085

Twelfth Gate Properties Ltd (Registered number: 11084384)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 12,715 12,715
Amounts owed to group undertakings 15,988 -
Other creditors 780 780
29,483 13,495

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 18,013 30,729

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Mr T Franka
Balance outstanding at start of year 14,284 14,984
Amounts repaid (1,424 ) (700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,860 14,284

During the year, the director was charged interest on their advancements at the recommended HMRC rate.