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REGISTERED NUMBER: 12792325 (England and Wales)











Twin Oaks Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






Twin Oaks Holdings Limited (Registered number: 12792325)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Twin Oaks Holdings Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: NR Tilt
LA Tilt





REGISTERED OFFICE: High Meadow Farm
Ashford Carbonell
Ludlow
Shropshire
SY8 4BS





REGISTERED NUMBER: 12792325 (England and Wales)





ACCOUNTANTS: The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Twin Oaks Holdings Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Twin Oaks Holdings Limited for the year ended 31 August 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Twin Oaks Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Twin Oaks Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Twin Oaks Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Twin Oaks Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Twin Oaks Holdings 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 Twin Oaks Holdings Limited. You consider that Twin Oaks Holdings 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 Twin Oaks Holdings 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.






The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF


10 March 2025

Twin Oaks Holdings Limited (Registered number: 12792325)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,454 7,171
Investment property 5 385,000 362,000
391,454 369,171

CURRENT ASSETS
Debtors 6 5,548 7,070
Cash at bank 31,820 2,973
37,368 10,043
CREDITORS
Amounts falling due within one year 7 279,941 279,764
NET CURRENT LIABILITIES (242,573 ) (269,721 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,881

99,450

PROVISIONS FOR LIABILITIES 8 18,514 12,821
NET ASSETS 130,367 86,629

CAPITAL AND RESERVES
Allotted, issued and fully paid up share capital 1,000 1,000
Revaluation reserve 55,959 38,709
Retained earnings 73,408 46,920
130,367 86,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Twin Oaks Holdings Limited (Registered number: 12792325)

Balance Sheet - continued
31 August 2024


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 10 March 2025 and were signed on its behalf by:





NR Tilt - Director


Twin Oaks Holdings Limited (Registered number: 12792325)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Twin Oaks Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the next 12 months. They note that at the year end the company had net current liabilities which mainly consisted of loans from connected businesses, the directors have confirmed that they will not withdraw these loans to the detriment of other creditors. The directors therefore consider it appropriate to prepare the accounts on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Twin Oaks Holdings Limited (Registered number: 12792325)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


3. EMPLOYEES

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 September 2023
and 31 August 2024 7,968
DEPRECIATION
At 1 September 2023 797
Charge for year 717
At 31 August 2024 1,514
NET BOOK VALUE
At 31 August 2024 6,454
At 31 August 2023 7,171

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 362,000
Revaluations 23,000
At 31 August 2024 385,000
NET BOOK VALUE
At 31 August 2024 385,000
At 31 August 2023 362,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2022 42,612
Valuation in 2023 9,000
Valuation in 2024 23,000
Cost 310,388
385,000

Twin Oaks Holdings Limited (Registered number: 12792325)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 215 1,495
RP Tilt & Sons 2,000 2,109
Prepayments and accrued income 3,333 3,466
5,548 7,070

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 100 107
Corporation tax 7,196 7,837
Other creditors 1,525 1,525
Twin Oaks Farming Limited 268,400 268,400
Accruals and deferred income 2,720 1,895
279,941 279,764

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 18,514 12,821

Deferred
tax
£   
Balance at 1 September 2023 12,821
Charge to Profit and Loss Account during year 5,693
Balance at 31 August 2024 18,514

9. RELATED PARTY DISCLOSURES

At the year end £268,400 (2023 - £268,400) was owed to a company under common control. No interest has been charged on this amount.

At the year end £2,000 is owed by a partnership in which the directors are partners (2023 - £2,109).