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REGISTERED NUMBER: 13700820 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Time2live Trading Ltd

Time2live Trading Ltd (Registered number: 13700820)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Time2live Trading Ltd (Registered number: 13700820)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £   
CURRENT ASSETS
Inventories 175,000 207,302
Debtors 4 216 210
Cash at bank 3,197 2,390
178,413 209,902
CREDITORS
Amounts falling due within one year 5 220,581 231,243
NET CURRENT LIABILITIES (42,168 ) (21,341 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(42,168

)

(21,341

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (42,268 ) (21,441 )
SHAREHOLDERS' FUNDS (42,168 ) (21,341 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Time2live Trading Ltd (Registered number: 13700820)

Statement of Financial Position - continued
31 October 2023


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 29 October 2024 and were signed on its behalf by:





Mr Rune Nicklas Johansson - Director


Time2live Trading Ltd (Registered number: 13700820)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Time2live Trading Ltd 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: 13700820

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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.

Stocks
Stock representing properties intended for resale is valued at the lower of cost and estimated selling price less costs to complete and sell. Costs incurred in refurbishing properties to the resale standard are included in the cost of each property.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Time2live Trading Ltd (Registered number: 13700820)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Going concern
The company has net liabilities of £42,168. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 216 210

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other creditors 220,581 231,243

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

7. RELATED PARTY DISCLOSURES

The company owes £215,863 including SEK 2,920,405 (2022: £52,706 including SEK 665,000) to its director, Miss Annelie Viktoria Wiberg who is also a 50% shareholder of the company as at accounting year end date.

The company owes £442 (2022: £442) to its director, Mr Rune Nicklas Johansson who is also a 50% shareholder of the company as at accounting year end date.