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Registration number: SC358916

Twinkling Star Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Twinkling Star Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Twinkling Star Limited

Company Information

Director

Mrs Wilma Smith

Registered office

The Old Coach House
Hattonburn
Milnathort
Kinross
KY13 0SA

Accountants

Ross McConnell
Chartered Accountants3 High Street
Kinross
KY13 8AW

 

Twinkling Star Limited

(Registration number: SC358916)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed Assets

 

Investments

4

300

300

Current assets

 

Cash at bank and in hand

 

159

10,380

Creditors: Amounts falling due within one year

5

(318,655)

(292,100)

Net current liabilities

 

(318,496)

(281,720)

Net liabilities

 

(318,196)

(281,420)

Capital and reserves

 

Called up share capital

6

1,140

1,140

Retained earnings

(319,336)

(282,560)

Shareholders' deficit

 

(318,196)

(281,420)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 March 2025
 

.........................................
Mrs Wilma Smith
Director

 

Twinkling Star Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
The Old Coach House
Hattonburn
Milnathort
Kinross
KY13 0SA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Twinkling Star Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in subsidiaries

300

300

 

Twinkling Star Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Subsidiaries

£

Cost or valuation

At 1 July 2023 and at 30 June 2021

300

Carrying amount

At 30 June 2024

300

At 30 June 2023

300

 

Twinkling Star Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

TWS D1 Limited

Hattonburn, Milnathort

Ordinary

100%

100%

TWS D28 Limited

Hattonburn, Milnathort

Ordinary

100%

100%

TWS D35 Limited

Hattonburn, Milnathort

Ordinary

100%

100%

Subsidiary undertakings

TWS D1 Limited

The principal activity of TWS D1 Limited is property ownership..

TWS D28 Limited

The principal activity of TWS D28 Limited is property ownership..

TWS D35 Limited

The principal activity of TWS D35 Limited is property ownership..

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Director's Current Account

110

110

Amounts owed to group undertakings and undertakings in which the company has a participating interest

295,495

254,240

Other creditors

23,050

37,750

318,655

292,100

 

Twinkling Star Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1,140

1,140

1,140

1,140