Caseware UK (AP4) 2023.0.135 2023.0.135 2024-11-302024-11-301false2023-12-01false20The principal activity of the company is the operation of two Subway franchises.truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13574781 2023-12-01 2024-11-30 13574781 2022-09-01 2023-11-30 13574781 2024-11-30 13574781 2023-11-30 13574781 c:Director1 2023-12-01 2024-11-30 13574781 d:CurrentFinancialInstruments 2024-11-30 13574781 d:CurrentFinancialInstruments 2023-11-30 13574781 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 13574781 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 13574781 d:ShareCapital 2024-11-30 13574781 d:ShareCapital 2023-11-30 13574781 d:RetainedEarningsAccumulatedLosses 2024-11-30 13574781 d:RetainedEarningsAccumulatedLosses 2023-11-30 13574781 c:EntityNoLongerTradingButTradedInPast 2023-12-01 2024-11-30 13574781 c:FRS102 2023-12-01 2024-11-30 13574781 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 13574781 c:FullAccounts 2023-12-01 2024-11-30 13574781 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13574781 2 2023-12-01 2024-11-30 13574781 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 13574781










TVW 2 LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
TVW 2 LTD
REGISTERED NUMBER: 13574781

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
-
7,657

Debtors: amounts falling due within one year
 4 
1,614
18,168

Cash at bank and in hand
  
245,932
335,019

  
247,546
360,844

Creditors: amounts falling due within one year
 5 
(155,371)
(266,276)

Net current assets
  
 
 
92,175
 
 
94,568

  

Net assets
  
92,175
94,568


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
92,075
94,468

  
92,175
94,568

Page 1

 
TVW 2 LTD
REGISTERED NUMBER: 13574781
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 January 2025.




A S Mandeir
Director

Page 2

 
TVW 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

TVW 2 Ltd is a private limited company incorporated and domiciled in England.  Its registered office is situated at Cromwell House, 68 West Gate, Mansfield, Nottinghamshire NG18 1RR.
The company was incorporated on 19 August 2021 and commenced trading on 2 March 2022, with the principal trading activity of running two Subway franchises.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the break-up basis as the company has ceased trading and the director intends to voluntarily liquidate the company.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
TVW 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The average monthly number of employees, including the director, during the period was 1 (2023 - 20).


4.


Debtors

2024
2023
£
£


Other debtors
1,614
18,168

1,614
18,168


Page 4

 
TVW 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,600
28,439

Corporation tax
-
31,717

Other creditors
151,771
181,740

Accruals and deferred income
-
24,380

155,371
266,276



6.


Pension commitments

The company operates a defined contribution scheme in respect of the employees.  The scheme and its assets are held by independent managers.  The pension scheme charge represents contributions due from the company and amounted to £0 (2023 £986).

 
Page 5