Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 13352067 Mr Cahir Doherty Mrs Johanne Doherty Mrs Jessica Cleaves iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13352067 2023-02-28 13352067 2024-02-29 13352067 2023-03-01 2024-02-29 13352067 frs-core:OtherReservesSubtotal 2024-02-29 13352067 frs-core:ShareCapital 2024-02-29 13352067 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13352067 frs-bus:AbridgedAccounts 2023-03-01 2024-02-29 13352067 frs-bus:SmallEntities 2023-03-01 2024-02-29 13352067 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13352067 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13352067 frs-core:CostValuation 2023-02-28 13352067 frs-core:CostValuation 2024-02-29 13352067 frs-bus:Director1 2023-03-01 2024-02-29 13352067 frs-bus:Director1 2023-02-28 13352067 frs-bus:Director1 2024-02-29 13352067 frs-bus:Director2 2023-03-01 2024-02-29 13352067 frs-bus:Director2 2023-02-28 13352067 frs-bus:Director2 2024-02-29 13352067 frs-bus:Director3 2023-03-01 2024-02-29 13352067 frs-bus:Director3 2023-02-28 13352067 frs-bus:Director3 2024-02-29 13352067 frs-countries:EnglandWales 2023-03-01 2024-02-29 13352067 2022-02-28 13352067 2023-02-28 13352067 2022-03-01 2023-02-28 13352067 frs-core:OtherReservesSubtotal 2023-02-28 13352067 frs-core:ShareCapital 2023-02-28
Registered number: 13352067
Twoey 1996 Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 February 2024
SeavorChartered
Chartered Accountants & Tax Advisers
Clifford Court
Cooper Way
Carlisle
Cumbria
CA3 0JG
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 13352067
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 750,000 750,000
750,000 750,000
CURRENT ASSETS
Debtors 20 20
20 20
Creditors: Amounts Falling Due Within One Year (250,000 ) (250,000 )
NET CURRENT ASSETS (LIABILITIES) (249,980 ) (249,980 )
TOTAL ASSETS LESS CURRENT LIABILITIES 500,020 500,020
NET ASSETS 500,020 500,020
CAPITAL AND RESERVES
Called up share capital 5 132,000 132,000
Other reserves 368,020 368,020
SHAREHOLDERS' FUNDS 500,020 500,020
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Page 2
For the year ending 29 February 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Johanne Doherty
Director
6 November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Twoey 1996 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13352067 . The registered office is The Old Brewery , Caldbeck, Wigton, Cumbria, CA7 8EW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2.3. Investments
Investments in shares are included at fair value.
3. Average Number of Employees
Average number of employees, including directors, during the period was as follows: 3 (2023: 4)
3 4
4. Investments
Total
£
Cost
As at 1 March 2023 750,000
As at 29 February 2024 750,000
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 750,000
As at 1 March 2023 750,000
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 132,000 132,000
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Cahir Doherty 5 - - - 5
Mrs Tara Telford 5 - (5) - -
Mrs Johanne Doherty 5 5 - - 10
Mrs Jessica Cleaves 5 - - - 5
The above loan is unsecured, interest free and repayable on demand.
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7. Related Party Transactions
During the year the directors Mrs J E Doherty, Mr C P Doherty, Mrs T Telford and Mrs J A E Doherty borrowed funds interest free from the company. At the balance sheet date Mrs J E Doherty owed the company £10 (2023: £5), Mr C P Doherty owed the company £5 (2023: £5), Mrs T Telford owed the company £nil (2023: £5), and Mrs J A E Cleaves owed the company £5 (2023: £5).
The company has taken advantage of the small group exemptions not to disclose transactions with its parent or fellow wholly owned subsidiaries.
8. Subsidiary undertaking - participating interest
As part of a small group, this company is exempt from producing group financial statements and disclosing transactions with its subsidiary undertaking, Mike Miller Associates Limited. These financial statements are for this company alone.
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