Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC718002 Mr David Robert Smith Mrs Anna Marie Isabel Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC718002 2023-12-31 SC718002 2024-12-31 SC718002 2024-01-01 2024-12-31 SC718002 frs-core:Non-currentFinancialInstruments 2024-12-31 SC718002 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 SC718002 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC718002 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC718002 frs-core:ShareCapital 2024-12-31 SC718002 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC718002 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC718002 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC718002 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC718002 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC718002 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC718002 frs-bus:Director1 2024-01-01 2024-12-31 SC718002 frs-bus:Director2 2024-01-01 2024-12-31 SC718002 frs-countries:Scotland 2024-01-01 2024-12-31 SC718002 2022-12-31 SC718002 2023-12-31 SC718002 2023-01-01 2023-12-31 SC718002 frs-core:CurrentFinancialInstruments 2023-12-31 SC718002 frs-core:Non-currentFinancialInstruments 2023-12-31 SC718002 frs-core:ShareCapital 2023-12-31 SC718002 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC718002
Twinflower Property Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Fincept Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC718002
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 490,999 214,761
490,999 214,761
CURRENT ASSETS
Debtors 5 1,690 200
Cash at bank and in hand 7,987 1,806
9,677 2,006
Creditors: Amounts Falling Due Within One Year 6 (1,000 ) (3,959 )
NET CURRENT ASSETS (LIABILITIES) 8,677 (1,953 )
TOTAL ASSETS LESS CURRENT LIABILITIES 499,676 212,808
Creditors: Amounts Falling Due After More Than One Year 7 (497,098 ) (210,480 )
NET ASSETS 2,578 2,328
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 2,378 2,128
SHAREHOLDERS' FUNDS 2,578 2,328
Page 1
Page 2
For the year ending 31 December 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.
On behalf of the board
Mr David Robert Smith
Director
20/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Twinflower Property Limited is a private company, limited by shares, incorporated in Scotland, registered number SC718002 . The registered office is 8 Weavers Loan, Aberlady, East Lothian, Scotland, EH32 0FE.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rental revenue earned from letting residential properties.  Rents are recognised as income in the period when the performance conditions are met.
2.3. Tangible Fixed Assets and Depreciation
Investment properties are initially measured at cost, which includes the purchase price and any directly attributable costs such as legal fees, stamp duty, and professional fees.
Subsequently, investment properties are measured at fair value at each reporting date. Fair value is determined based on market evidence. 
2.4. Taxation
Current tax is recognised as an expense in the period in which the taxable profit arises, based on applicable tax rates and laws.
Any adjustments to tax payable or recoverable in respect of previous periods are recognised in the current period.
Current tax liabilities (or assets) are measured at the amount expected to be paid (or recovered) using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences between the carrying amounts of assets and liabilities in the financial statements and their tax bases.
Deferred tax assets are only recognised to the extent that it is probable that future taxable profits will be available against which the asset can be utilised.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 January 2024 214,761
Additions 270,015
Revaluation 6,223
As at 31 December 2024 490,999
Net Book Value
As at 31 December 2024 490,999
As at 1 January 2024 214,761
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,390 -
Due after more than one year
Other debtors 300 200
1,690 200
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,000 -
Taxation and social security - 3,959
1,000 3,959
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 335,956 148,480
Other creditors 161,142 62,000
497,098 210,480
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 4