REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 |
FOR |
TWENTYFOUR28 LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 |
FOR |
TWENTYFOUR28 LIMITED |
TWENTYFOUR28 LIMITED (REGISTERED NUMBER: 10918884) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
TWENTYFOUR28 LIMITED (REGISTERED NUMBER: 10918884) |
BALANCE SHEET |
5 APRIL 2024 |
5.4.24 | 5.4.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
TWENTYFOUR28 LIMITED (REGISTERED NUMBER: 10918884) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2024 |
1. | STATUTORY INFORMATION |
Twentyfour28 Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company is dependent on the directors for the continuance of normal trading operations. As the directors have indicated their continued support for the forseeable future, the financial statements have been drawn up assuming a going concern. |
Turnover |
Turnover represents investment income and is accounted for on an accruals basis. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Fixed asset investments |
Fixed asset investments are re-stated to fair value at the year end using quoted prices at that date. With any changes in fair value going through the profit and loss account. |
Creditors |
Short term creditors are measured at the transaction price. |
TWENTYFOUR28 LIMITED (REGISTERED NUMBER: 10918884) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 5 APRIL 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
5.4.24 | 5.4.23 |
£ | £ |
Other investments not loans |
Additional information is as follows: |
Listed |
investments |
£ |
COST OR VALUATION |
At 6 April 2023 |
Additions |
Disposals | ( |
) |
Revaluations |
At 5 April 2024 |
NET BOOK VALUE |
At 5 April 2024 |
At 5 April 2023 |
The historic cost of investments was £12,879,900 (2023: £12,683,493). |
Investments (neither listed nor unlisted) were as follows: |
5.4.24 | 5.4.23 |
£ | £ |
Cash | 55,713 | 11,426 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.24 | 5.4.23 |
£ | £ |
Social security and other taxes |
Directors' current accounts | 12,051,179 | 12,047,165 |
Accruals and deferred income |
6. | RELATED PARTY DISCLOSURES |
During the year monies totalling £4,014 (2023: £24,779) were advanced from one of the directors and £nil was repaid (2023: £19,764). An amount remained due to the director at the year end of £12,051,179 (2023: £12,047,165). |