Company registration number 13938553 (England and Wales)
TWIN2 CREATIVE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
TWIN2 CREATIVE LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
TWIN2 CREATIVE LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF TWIN2 CREATIVE LIMITED
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Twin2 Creative Limited for the year ended 28 February 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the board of directors of Twin2 Creative Limited, as a body, in accordance with the terms of our engagement letter dated 12 April 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Twin2 Creative Limited and state those matters that we have agreed to state to the board of directors of Twin2 Creative Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Twin2 Creative Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Twin2 Creative Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Twin2 Creative Limited. You consider that Twin2 Creative Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Twin2 Creative Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
YMU Business Management Limited
29 November 2024
Accountants
180 Great Portland Street
London
W1W 5QZ
TWIN2 CREATIVE LIMITED
BALANCE SHEET
AS AT 28 FEBRUARY 2024
28 February 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
620
930
Current assets
Debtors
3
4,391
6,803
Cash at bank and in hand
1,367
2,349
5,758
9,152
Creditors: amounts falling due within one year
4
(6,036)
(10,053)
Net current liabilities
(278)
(901)
Net assets
342
29
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
341
28
Total equity
342
29
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 29 November 2024
Mr D J Kerr-Delworth
Director
Company registration number 13938553 (England and Wales)
TWIN2 CREATIVE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2024
28 February 2024
- 3 -
1
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 and 28 February 2024
1,240
Depreciation and impairment
At 1 March 2023
310
Depreciation charged in the year
310
At 28 February 2024
620
Carrying amount
At 28 February 2024
620
At 28 February 2023
930
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
4,391
6,803
4
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
3,036
7,533
Other creditors
3,000
2,520
6,036
10,053
TWIN2 CREATIVE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2024
28 February 2024
- 4 -
5
Directors' transactions
Interest free loans have been granted by the company to its directors as follows:
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Loan to director
2.25
6,803
15,000
153
(17,715)
4,241
6,803
15,000
153
(17,715)
4,241