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REGISTERED NUMBER: 10029922 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

TWO LEFT LIMITED

TWO LEFT LIMITED (REGISTERED NUMBER: 10029922)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TWO LEFT LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







Director: Mr J A Edwards





Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ





Registered number: 10029922 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

TWO LEFT LIMITED (REGISTERED NUMBER: 10029922)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 495,000 495,000

CURRENT ASSETS
Debtors 5 10,775 1,200
Cash at bank 15,566 4,189
26,341 5,389
CREDITORS
Amounts falling due within one year 6 22,145 141,503
NET CURRENT ASSETS/(LIABILITIES) 4,196 (136,114 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

499,196

358,886

CREDITORS
Amounts falling due after more than one year 7 311,802 186,507
NET ASSETS 187,394 172,379

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 3,324 3,324
Retained earnings 184,068 169,053
SHAREHOLDERS' FUNDS 187,394 172,379

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

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

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 8 October 2024 and were signed by:





Mr J A Edwards - Director


TWO LEFT LIMITED (REGISTERED NUMBER: 10029922)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Two Left Limited 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 as modified by the revaluation of certain assets.

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 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 495,000
NET BOOK VALUE
At 31 March 2024 495,000
At 31 March 2023 495,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 3,324
Cost 491,676
495,000

TWO LEFT LIMITED (REGISTERED NUMBER: 10029922)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 491,676 491,676

The investment property was valued on an open market basis on 26 July 2022 by Parkinson Real Estate .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 548 -
Amounts owed by group undertakings 9,027 -
Other debtors 1,200 1,200
10,775 1,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,615 11,724
Amounts owed to group undertakings - 115,189
Taxation and social security 3,522 5,652
Other creditors 9,008 8,938
22,145 141,503

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 311,802 186,507

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 321,417 198,231

The bank loan is secured against the property at 1 Cross Lane, Billinge, Wigan.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

TWO LEFT LIMITED (REGISTERED NUMBER: 10029922)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 3,324

11. RELATED PARTY DISCLOSURES

Included in Other Debtors is an amount of £9,027 owed from Coccion Construction Limited, (2023: Creditor £115,119), a company with a common shareholder.