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REGISTERED NUMBER: SC652579 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Twenty Two Investment Properties Ltd

Twenty Two Investment Properties Ltd (Registered number: SC652579)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Twenty Two Investment Properties Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Miss G D Bell
R Christie





REGISTERED OFFICE: Unit 3
37 Rosyth Road
Morris Park
Glasgow
G5 0YD





REGISTERED NUMBER: SC652579 (Scotland)





ACCOUNTANTS: Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE

Twenty Two Investment Properties Ltd (Registered number: SC652579)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,814 639
Investment property 5 2,185,593 2,056,613
2,187,407 2,057,252

CURRENT ASSETS
Debtors 6 73,132 68,132
Cash at bank and in hand 85,956 88,495
159,088 156,627
CREDITORS
Amounts falling due within one year 7 2,040,070 1,607,951
NET CURRENT LIABILITIES (1,880,982 ) (1,451,324 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,425

605,928

CREDITORS
Amounts falling due after more than one
year

8

305,991

611,329
NET ASSETS/(LIABILITIES) 434 (5,401 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 334 (5,501 )
434 (5,401 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Twenty Two Investment Properties Ltd (Registered number: SC652579)

Balance Sheet - continued
31 January 2024


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 12 April 2024 and were signed on its behalf by:





R Christie - Director


Twenty Two Investment Properties Ltd (Registered number: SC652579)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Twenty Two Investment Properties Ltd is a private company, limited by shares , registered in Scotland. 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 (£).


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.

Investment property
Investment property is included at fair value. Gains and deficits are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 999
Additions 1,628
At 31 January 2024 2,627
DEPRECIATION
At 1 February 2023 360
Charge for year 453
At 31 January 2024 813
NET BOOK VALUE
At 31 January 2024 1,814
At 31 January 2023 639

Twenty Two Investment Properties Ltd (Registered number: SC652579)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 2,056,613
Additions 128,980
At 31 January 2024 2,185,593
NET BOOK VALUE
At 31 January 2024 2,185,593
At 31 January 2023 2,056,613

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 73,132 68,132

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 31,711 33,865
Other creditors 2,008,359 1,574,086
2,040,070 1,607,951

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 305,991 611,329