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REGISTERED NUMBER: 05715490 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

TWIGA PROPERTIES LIMITED

TWIGA PROPERTIES LIMITED (REGISTERED NUMBER: 05715490)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TWIGA PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: T H Hext
Mrs C S Hext





REGISTERED OFFICE: Clump House
Farleigh Lane
Dummer
BASINGSTOKE
Hampshire
RG25 2AF





REGISTERED NUMBER: 05715490 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

TWIGA PROPERTIES LIMITED (REGISTERED NUMBER: 05715490)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 573,183 766,757

CURRENT ASSETS
Debtors 5 2,226 2,226
Cash at bank 48 6,340
2,274 8,566
CREDITORS
Amounts falling due within one year 6 633,076 642,041
NET CURRENT LIABILITIES (630,802 ) (633,475 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(57,619

)

133,282

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 7 (200,000 ) -
Retained earnings 142,379 133,280
SHAREHOLDERS' FUNDS (57,619 ) 133,282

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th March 2025 and were signed on its behalf by:





Mrs C S Hext - Director


TWIGA PROPERTIES LIMITED (REGISTERED NUMBER: 05715490)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Twiga Properties 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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

3. EMPLOYEES AND DIRECTORS

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

TWIGA PROPERTIES LIMITED (REGISTERED NUMBER: 05715490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST OR VALUATION
At 1st April 2023 766,757
Share of profit/(loss) (4,117 )
Revaluations (200,000 )
Reclassification/transfer 10,543
At 31st March 2024 573,183
NET BOOK VALUE
At 31st March 2024 573,183
At 31st March 2023 766,757

Cost or valuation at 31st March 2024 is represented by:

Interest
in other
participating
interests
£   
Valuation in 2023 766,757
Valuation in 2024 (193,574 )
573,183

If the investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 773,183 -

Investments were valued on an open market basis on 31st March 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 2,226 2,226

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 1,540
Directors' current accounts 631,638 639,842
Accrued expenses 1,438 659
633,076 642,041

TWIGA PROPERTIES LIMITED (REGISTERED NUMBER: 05715490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. RESERVES
Fair
value
reserve
£   
Revaluation of investments (200,000 )

At 31st March 2024 (200,000 )

8. CONTROL

The company was controlled throughout the current and previous period by it's directors, Mr T H Hext and Mrs C S Hext, who between them owned 100% of the issued share capital of the company.