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REGISTERED NUMBER: 10918884 (England and Wales)















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 15,003,501 13,536,963

CREDITORS
Amounts falling due within one year 5 12,087,687 12,066,145
NET CURRENT LIABILITIES (12,087,687 ) (12,066,145 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,915,814

1,470,818

PROVISIONS FOR LIABILITIES 516,972 210,511
NET ASSETS 2,398,842 1,260,307

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,398,742 1,260,207
2,398,842 1,260,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:





Mr R J Hayes - Director


TWENTYFOUR28 LIMITED (REGISTERED NUMBER: 10918884)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Twentyfour28 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10918884

Registered office: 44 Selby Road
Garforth
Leeds
West Yorkshire
LS25 1LS

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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS

5.4.24 5.4.23
£    £   
Other investments not loans 15,003,501 13,536,963

Additional information is as follows:
Listed
investments
£   
COST OR VALUATION
At 6 April 2023 13,525,537
Additions 1,733,201
Disposals (1,536,794 )
Revaluations 1,225,844
At 5 April 2024 14,947,788
NET BOOK VALUE
At 5 April 2024 14,947,788
At 5 April 2023 13,525,537

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 16,774 -
Directors' current accounts 12,051,179 12,047,165
Accruals and deferred income 19,734 18,980
12,087,687 12,066,145

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).