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REGISTERED NUMBER: 08938434 (England and Wales)















HENDRIX TWIG LTD

Unaudited Financial Statements for the Year Ended 31 December 2023






HENDRIX TWIG LTD (REGISTERED NUMBER: 08938434)






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


HENDRIX TWIG LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: I M Mulingani





REGISTERED OFFICE: Holly Grange
Holly Lane
Balsall Common
West Midlands
CV7 7EB





REGISTERED NUMBER: 08938434 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

HENDRIX TWIG LTD (REGISTERED NUMBER: 08938434)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,193 923
Investment property 5 1,367,595 1,367,595
1,370,788 1,368,518

CURRENT ASSETS
Debtors 6 17,508 10,919
Cash at bank 716 2,790
18,224 13,709
CREDITORS
Amounts falling due within one year 7 274,651 528,630
NET CURRENT LIABILITIES (256,427 ) (514,921 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,114,361

853,597

CREDITORS
Amounts falling due after more than one
year

8

573,382

604,113
NET ASSETS 540,979 249,484

CAPITAL AND RESERVES
Called up share capital 50 100
Capital redemption reserve 50 -
Retained earnings 540,879 249,384
SHAREHOLDERS' FUNDS 540,979 249,484

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.

HENDRIX TWIG LTD (REGISTERED NUMBER: 08938434)

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 12 September 2024 and were signed by:





I M Mulingani - Director


HENDRIX TWIG LTD (REGISTERED NUMBER: 08938434)

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

1. STATUTORY INFORMATION

Hendrix Twig 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's principal activity is that of a property rental company.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

HENDRIX TWIG LTD (REGISTERED NUMBER: 08938434)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 990
Additions 3,068
At 31 December 2023 4,058
DEPRECIATION
At 1 January 2023 67
Charge for year 798
At 31 December 2023 865
NET BOOK VALUE
At 31 December 2023 3,193
At 31 December 2022 923

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,367,595
NET BOOK VALUE
At 31 December 2023 1,367,595
At 31 December 2022 1,367,595

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,781 5,980
Corporation tax recoverable 4,310 4,310
Prepayments 2,417 629
17,508 10,919

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,234 35,234
Trade creditors 4,219 2,847
Social security and other taxes 1,432 2,681
Other creditors 189,890 413,260
Directors' current accounts 31,200 62,400
Accruals and deferred income - 12,208
Accrued expenses 12,676 -
274,651 528,630

HENDRIX TWIG LTD (REGISTERED NUMBER: 08938434)

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 - 1-2 years 35,234 35,234
Bank loans - 2-5 years 105,701 105,701
Bank loans more 5 yr by instal 432,447 463,178
573,382 604,113

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 432,447 463,178

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 608,616 639,347

The bank loan is secured against the property owned by the company.