IRIS Accounts Production v24.2.0.383 14608447 Board of Directors 21.1.23 31.1.24 31.1.24 false true false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh146084472023-01-20146084472024-01-31146084472023-01-212024-01-31146084472023-01-2014608447ns15:EnglandWales2023-01-212024-01-3114608447ns14:PoundSterling2023-01-212024-01-3114608447ns10:Director12023-01-212024-01-3114608447ns10:PrivateLimitedCompanyLtd2023-01-212024-01-3114608447ns10:SmallEntities2023-01-212024-01-3114608447ns10:AuditExemptWithAccountantsReport2023-01-212024-01-3114608447ns10:SmallCompaniesRegimeForDirectorsReport2023-01-212024-01-3114608447ns10:SmallCompaniesRegimeForAccounts2023-01-212024-01-3114608447ns10:FullAccounts2023-01-212024-01-3114608447ns10:OrdinaryShareClass12023-01-212024-01-3114608447ns10:OrdinaryShareClass112023-01-212024-01-3114608447ns10:Director22023-01-212024-01-3114608447ns10:Director32023-01-212024-01-3114608447ns10:RegisteredOffice2023-01-212024-01-3114608447ns5:CurrentFinancialInstruments2024-01-3114608447ns5:ShareCapital2024-01-3114608447ns5:RetainedEarningsAccumulatedLosses2024-01-3114608447ns5:PlantMachinery2023-01-212024-01-3114608447ns5:PlantMachinery2024-01-3114608447ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3114608447ns10:OrdinaryShareClass12024-01-31146084471ns10:Director12023-01-20146084471ns10:Director12023-01-212024-01-31146084471ns10:Director12024-01-3114608447ns10:Director332023-01-2014608447ns10:Director332023-01-212024-01-3114608447ns10:Director332024-01-31
REGISTERED NUMBER: 14608447 (England and Wales)






















Unaudited Financial Statements

for the period

21 January 2023 to 31 January 2024

for

Twin Path Ventures Ltd

Twin Path Ventures Ltd (Registered number: 14608447)






Contents of the Financial Statements
for the period 21 January 2023 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Twin Path Ventures Ltd

Company Information
for the period 21 January 2023 to 31 January 2024







DIRECTORS: Mrs K E Lockwood
N Slater
J B Spindler





REGISTERED OFFICE: Fbc Clerkenwell
Bowling Green Lane
London
EC1R 0NE





REGISTERED NUMBER: 14608447 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Twin Path Ventures Ltd (Registered number: 14608447)

Balance Sheet
31 January 2024

Notes £
FIXED ASSETS
Tangible assets 4 2,062

CURRENT ASSETS
Debtors 5 2,803
Cash at bank and in hand 117,039
119,842
CREDITORS
Amounts falling due within one year 6 (48,953 )
NET CURRENT ASSETS 70,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,951

CAPITAL AND RESERVES
Called up share capital 7 10
Retained earnings 72,941
SHAREHOLDERS' FUNDS 72,951

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 24 September 2024 and were signed on its behalf by:





N Slater - Director


Twin Path Ventures Ltd (Registered number: 14608447)

Notes to the Financial Statements
for the period 21 January 2023 to 31 January 2024

1. STATUTORY INFORMATION

Twin Path Ventures 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 (£).


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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future through continued support of the directors. On this basis, the directors believe it appropriate to prepare the accounts on a going concern basis

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

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer Equipment - 33% straight line

Taxation
Taxation for the period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement to which they relate.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement.

Share capital
Ordinary shares are classed as equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

Twin Path Ventures Ltd (Registered number: 14608447)

Notes to the Financial Statements - continued
for the period 21 January 2023 to 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
Additions 2,453
At 31 January 2024 2,453
DEPRECIATION
Charge for period 391
At 31 January 2024 391
NET BOOK VALUE
At 31 January 2024 2,062

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Other debtors 2,803

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade creditors 249
Taxation and social security 38,101
Other creditors 10,603
48,953

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £
10 Ordinary £1 10

10 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 January 2024:

£
N Slater
Balance outstanding at start of period -
Amounts advanced 291
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 291

J B Spindler
Balance outstanding at start of period -
Amounts advanced 292
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 292

Twin Path Ventures Ltd (Registered number: 14608447)

Notes to the Financial Statements - continued
for the period 21 January 2023 to 31 January 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Amounts outstanding at the year end are repayable on demand and attract no interest.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Twin Path Ventures Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Twin Path Ventures Ltd for the period ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Twin Path Ventures Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Twin Path Ventures Ltd and state those matters that we have agreed to state to the Board of Directors of Twin Path Ventures Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Twin Path Ventures Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Twin Path Ventures Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Twin Path Ventures Ltd. You consider that Twin Path Ventures Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Twin Path Ventures Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


24 September 2024