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REGISTERED NUMBER: 09939892 (England and Wales)




















Financial Statements

for the Year Ended 31 January 2024

for

TWINWOOD PROPERTIES LTD

TWINWOOD PROPERTIES LTD (REGISTERED NUMBER: 09939892)






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


TWINWOOD PROPERTIES LTD

Company Information
for the Year Ended 31 January 2024







DIRECTORS: K W L Lim
Ms Y M M Yau





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 09939892 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

TWINWOOD PROPERTIES LTD (REGISTERED NUMBER: 09939892)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 973 2,498
Investment property 6 344,868 344,868
345,841 347,366

CURRENT ASSETS
Debtors 7 2,640 3,267
Cash at bank 68,306 164,864
70,946 168,131
CREDITORS
Amounts falling due within one year 8 (432,187 ) (533,510 )
NET CURRENT LIABILITIES (361,241 ) (365,379 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,400

)

(18,013

)

CREDITORS
Amounts falling due after more than one
year

9

(154,489

)

(152,752

)
NET LIABILITIES (169,889 ) (170,765 )

CAPITAL AND RESERVES
Called up share capital 11 50 50
Retained earnings (169,939 ) (170,815 )
SHAREHOLDERS' FUNDS (169,889 ) (170,765 )

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.

TWINWOOD PROPERTIES LTD (REGISTERED NUMBER: 09939892)

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 19 September 2024 and were signed on its behalf by:





K W L Lim - Director


TWINWOOD PROPERTIES LTD (REGISTERED NUMBER: 09939892)

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

1. STATUTORY INFORMATION

Twinwood 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 represents rental income from investment property and the buying and selling of real estate.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Know How are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - Straight line over 3 years

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TWINWOOD PROPERTIES LTD (REGISTERED NUMBER: 09939892)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 27,216
AMORTISATION
At 1 February 2023
and 31 January 2024 27,216
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 13,211 6,197 19,408
Disposals - (1,621 ) (1,621 )
At 31 January 2024 13,211 4,576 17,787
DEPRECIATION
At 1 February 2023 13,211 3,699 16,910
Charge for year - 1,525 1,525
Eliminated on disposal - (1,621 ) (1,621 )
At 31 January 2024 13,211 3,603 16,814
NET BOOK VALUE
At 31 January 2024 - 973 973
At 31 January 2023 - 2,498 2,498

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 344,868
NET BOOK VALUE
At 31 January 2024 344,868
At 31 January 2023 344,868

TWINWOOD PROPERTIES LTD (REGISTERED NUMBER: 09939892)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 2,640 3,267

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 432,187 533,510

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 154,489 152,752

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Mortgage 154,489 152,752

The mortgage provided by Octane Property Finance 4 Limited is secured against the freehold interest in the property known as 3 Leake Street Castleford by way of a fixed and floating charge and a negative pledge.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
50 Ordinary 1 50 50

12. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.