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Company Registration No. 09869425 (England and Wales)
Two Chairmen Warwick Limited Unaudited accounts for the year ended 30 November 2023
Two Chairmen Warwick Limited Unaudited accounts Contents
Page
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Two Chairmen Warwick Limited Company Information for the year ended 30 November 2023
Director
K M McGrigor
Company Number
09869425 (England and Wales)
Registered Office
Warwick House Warwick House Street London SW1Y 5AT
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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Two Chairmen Warwick Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
7,722,548 
7,722,548 
Creditors: amounts falling due within one year
(6,070,532)
(6,065,530)
Net current assets
1,652,016 
1,657,018 
Net assets
1,652,016 
1,657,018 
Capital and reserves
Called up share capital
1,666,199 
1,666,199 
Profit and loss account
(14,183)
(9,181)
Shareholders' funds
1,652,016 
1,657,018 
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 November 2024 and were signed on its behalf by
K M McGrigor Director Company Registration No. 09869425
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Two Chairmen Warwick Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Two Chairmen Warwick Limited is a private company, limited by shares, registered in England and Wales, registration number 09869425. The registered office is Warwick House, Warwick House Street, London, SW1Y 5AT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Pension costs
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
6,068,792 
6,062,530 
Accruals
1,740 
3,000 
6,070,532 
6,065,530 
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Two Chairmen Warwick Limited Notes to the Accounts for the year ended 30 November 2023
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
889,132 Ordinary shares of £1 each
889,132 
889,132 
777,067 A Ordinary Shares of £1 each
777,067 
777,067 
1,666,199 
1,666,199 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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