Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11790922 2023-02-01 2024-01-31 11790922 2022-02-01 2023-01-31 11790922 2024-01-31 11790922 2023-01-31 11790922 c:Director1 2023-02-01 2024-01-31 11790922 d:CurrentFinancialInstruments 2024-01-31 11790922 d:CurrentFinancialInstruments 2023-01-31 11790922 d:Non-currentFinancialInstruments 2024-01-31 11790922 d:Non-currentFinancialInstruments 2023-01-31 11790922 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11790922 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11790922 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 11790922 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 11790922 d:ShareCapital 2024-01-31 11790922 d:ShareCapital 2023-01-31 11790922 d:CapitalRedemptionReserve 2024-01-31 11790922 d:CapitalRedemptionReserve 2023-01-31 11790922 d:RetainedEarningsAccumulatedLosses 2024-01-31 11790922 d:RetainedEarningsAccumulatedLosses 2023-01-31 11790922 c:OrdinaryShareClass1 2023-02-01 2024-01-31 11790922 c:OrdinaryShareClass1 2024-01-31 11790922 c:OrdinaryShareClass1 2023-01-31 11790922 c:OrdinaryShareClass2 2023-02-01 2024-01-31 11790922 c:OrdinaryShareClass2 2024-01-31 11790922 c:OrdinaryShareClass2 2023-01-31 11790922 c:FRS102 2023-02-01 2024-01-31 11790922 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11790922 c:FullAccounts 2023-02-01 2024-01-31 11790922 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11790922 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-02-01 2024-01-31 11790922 d:KeyManagementIndividualGroup1 2023-02-01 2024-01-31 11790922 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-01-31 11790922 d:KeyManagementIndividualGroup1 2024-01-31 11790922 d:Subsidiary1 2023-02-01 2024-01-31 11790922 d:Subsidiary1 1 2023-02-01 2024-01-31 11790922 2 2023-02-01 2024-01-31 11790922 6 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 11790922


TWLHC LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JANUARY 2024

 
TWLHC LIMITED
REGISTERED NUMBER:11790922

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
2,105,019
2,058,313

  
2,105,019
2,058,313

Current assets
  

Debtors: amounts falling due after more than one year
 5 
76,685
122,000

Debtors: amounts falling due within one year
 5 
159
-

Cash at bank and in hand
 6 
581
3,208

  
77,425
125,208

Creditors: amounts falling due within one year
 7 
(624)
(826)

Net current assets
  
 
 
76,801
 
 
124,382

Total assets less current liabilities
  
2,181,820
2,182,695

Creditors: amounts falling due after more than one year
 8 
(335,850)
(457,068)

  

Net assets
  
1,845,970
1,725,627


Capital and reserves
  

Called up share capital 
 9 
17
17

Capital reserve
  
783,853
783,853

Profit and loss account
  
1,062,100
941,757

  
1,845,970
1,725,627


Page 1

 
TWLHC LIMITED
REGISTERED NUMBER:11790922
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 October 2024.











Nicholas John Charles Tagg
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TWLHC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

TWLHC Limited is a private company limited by share capital, incorporated in England and Wales, registration number 11790922. The address of the registered office is The Grange Barn, Pikes End, Pinner, HA5 2EX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The financial statements have been prepared on a going concern basis. The Board of TWLHC Ltd have reviewed their forecast for the next 12 months and are confident that they will continue to progress from a positive position during the next 12 months.                              
                                                                                                                                                                                On the basis of above, the directors consider that it is appropriate to prepare the financial statements on a going concern basis.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Revenue represents dividend income which is recognised when the right to receive payment is established and the amount of the dividend can be measured reliably.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
TWLHC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
TWLHC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.13

Capital Reserve

Capital reserve is created on the acquisition of shares of the investment subsidiary via a share for share exchange when the underlying net assets of the investment subsidiary were fair valued.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
TWLHC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
2,058,313


Revaluations
46,706



At 31 January 2024
2,105,019





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Wisteria Limited
04363204
4445 A ordinary shares
80%

The aggregate of the share capital and reserves as at 31 January 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:

Name
Profit/(Loss)

Wisteria Limited
819,345

Page 6

 
TWLHC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
76,685
122,000

76,685
122,000


2024
2023
£
£

Due within one year

Amounts owed by group undertakings
159
-

159
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
581
3,208

581
3,208



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
624
826

624
826


Page 7

 
TWLHC LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
335,850
457,068

335,850
457,068


Fixed charge over shares exist in favour of Andrew Millet and Lisa Phillippa Millet. 


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



668 (2023 - 700) A Ordinary shares of £0.01 each
7
7
1,002 (2023 - 1,000) B Ordinary shares of £0.01 each
10
10

17

17



10.


Related party transactions

Included in creditors at the balance sheet date is an amount due to Nicholas John Charles Tagg and Richard Kin-Bond Sham, directors and shareholders of the company of £312 for Nicholas John Charles Tagg and £312 for Richard Kin-Bond Sham. Loans are interest free and can be called at any time.

Page 8