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REGISTERED NUMBER: 03755142 (England and Wales)















Financial Statements For The Year Ended 31 March 2024

for

TWINPLANE LIMITED

TWINPLANE LIMITED (REGISTERED NUMBER: 03755142)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


TWINPLANE LIMITED (REGISTERED NUMBER: 03755142)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,062 2,750
Investments 5 4,069,402 4,153,503
4,071,464 4,156,253

CURRENT ASSETS
Cash at bank 25,832 30,842

CREDITORS
Amounts falling due within one year 6 380,642 364,108
NET CURRENT LIABILITIES (354,810 ) (333,266 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,716,654

3,822,987

CREDITORS
Amounts falling due after more than one year 7 564,636 534,693
NET ASSETS 3,152,018 3,288,294

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,151,018 3,287,294
SHAREHOLDERS' FUNDS 3,152,018 3,288,294

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 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.

TWINPLANE LIMITED (REGISTERED NUMBER: 03755142)

Balance Sheet - continued
31 March 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 11 October 2024 and were signed on its behalf by:





Mr Sewnarine Sadoo - Director


TWINPLANE LIMITED (REGISTERED NUMBER: 03755142)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Twinplane Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03755142

Registered office: 5 Bedford Road
Clapham North
London
SW4 7SH

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Pension costs and other post-retirement benefits
The company commits to providing future pension benefits (defined contribution) under a pension agreement with a senior employee. Amounts payable under this pension agreement are charged to the profit and loss account in the year the contractual commitment was entered into and the liability is recognised in the balance sheet under Provisions for liabilities.

3. EMPLOYEES AND DIRECTORS

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

TWINPLANE LIMITED (REGISTERED NUMBER: 03755142)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 300 2,671 9,564 12,535
DEPRECIATION
At 1 April 2023 270 2,404 7,111 9,785
Charge for year 7 67 614 688
At 31 March 2024 277 2,471 7,725 10,473
NET BOOK VALUE
At 31 March 2024 23 200 1,839 2,062
At 31 March 2023 30 267 2,453 2,750

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 April 2023 4,153,503
Disposals 396
Share of profit/(loss) (84,497 )
At 31 March 2024 4,069,402
NET BOOK VALUE
At 31 March 2024 4,069,402
At 31 March 2023 4,153,503

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Taxation and social security 135,640 126,347
Other creditors 245,002 237,761
380,642 364,108

TWINPLANE LIMITED (REGISTERED NUMBER: 03755142)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Other creditors 564,636 534,693

8. RELATED PARTY DISCLOSURES

The company is a partner in Twinplane LLP , a partnership in which the director Mr S Sadoo is also a partner..

The companies capital account in Twinplane LLP at 31 March 2024 was £ 4,069,402 ( 2023 4,153,503)

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Sewnarine Sadoo.

The company was under the control of Mr Sadoo, a director throughout the current and previous year. Mr Sadoo's beneficial interest in the company is 100% (2022 - 100%).