TWINS PROPERTY MANAGEMENT LIMITED

Company Registration Number:
10367875 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

TWINS PROPERTY MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

TWINS PROPERTY MANAGEMENT LIMITED

Company Information

for the Period Ended 31 December 2023




Registered office: 6 Anglebury
80 Talbot Road
London
England
W2 5LE
Company Registration Number: 10367875 (England and Wales)

TWINS PROPERTY MANAGEMENT LIMITED

Profit and Loss Account

for the Period Ended 31 December 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 149,713 144,208
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 130,312 ) ( 125,614 )
Administrative Expenses ( 7,425 ) ( 7,200 )
Operating Profit or (Loss) 11,976 11,394
Interest Payable and Similar Charges ( 568 ) ( 415 )
Profit or (Loss) Before Tax 11,408 10,979
Profit or (Loss) for Period 11,408 10,979

The notes form part of these financial statements

TWINS PROPERTY MANAGEMENT LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 1,171,190 1,171,190
Total fixed assets: 1,171,190 1,171,190
Current assets
Stocks: 9,500 8,500
Debtors: 5,000 4,000
Cash at bank and in hand: 117,727 11,183
Total current assets: 132,227 23,683
Creditors: amounts falling due within one year: ( 28,273 ) ( 15,000 )
Net current assets (liabilities): 103,954 8,683
Total assets less current liabilities: 1,275,144 1,179,873
Creditors: amounts falling due after more than one year: ( 314,870 ) ( 311,870 )
Total net assets (liabilities): 960,274 868,003

The notes form part of these financial statements

TWINS PROPERTY MANAGEMENT LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 800,000 800,000
Revaluation reserve: 5 68,003 58,888
Profit and loss account: 92,271 9,115
Shareholders funds: 960,274 868,003

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 14 September 2024
And Signed On Behalf Of The Board By:

Name: Mr. Ike Emmanuel Offiah MBE
Status: Director

The notes form part of these financial statements

TWINS PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TWINS PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

TWINS PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

TWINS PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 1,171,190
Additions 0
Disposals (0)
Revaluations 0
Transfers 0
At 31 December 2023 1,171,190
Depreciation
At 01 January 2023 0
Charge for year 0
On disposals (0)
Other adjustments 0
At 31 December 2023 0
Net book value
At 31 December 2023 1,171,190
At 31 December 2022 1,171,190

TWINS PROPERTY MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Revaluation reserve


2023
£
Balance at 01 January 2023 58,888
Surplus or deficit after revaluation 9,115
Balance at 31 December 2023 68,003