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
Two Chairmen Warwick Limited
Company Information
for the year ended 30 November 2023
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
Two Chairmen Warwick Limited
Statement of financial position
as at 30 November 2023
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
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
Two Chairmen Warwick Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
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Creditors: amounts falling due within one year
2023
2022
Loans from directors
6,068,792
6,062,530
Two Chairmen Warwick Limited
Notes to the Accounts
for the year ended 30 November 2023
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
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Average number of employees
During the year the average number of employees was 1 (2022: 1).