IRIS Accounts Production v24.3.2.46 07293908 director 1.7.23 30.6.24 30.6.24 false true false false true false ORDINARY 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072939082023-06-30072939082024-06-30072939082023-07-012024-06-30072939082022-06-30072939082022-07-012023-06-30072939082023-06-3007293908ns15:EnglandWales2023-07-012024-06-3007293908ns14:PoundSterling2023-07-012024-06-3007293908ns10:Director12023-07-012024-06-3007293908ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3007293908ns10:SmallEntities2023-07-012024-06-3007293908ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3007293908ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3007293908ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007293908ns10:FullAccounts2023-07-012024-06-3007293908ns10:OrdinaryShareClass12023-07-012024-06-3007293908ns5:CurrentFinancialInstruments2024-06-3007293908ns5:CurrentFinancialInstruments2023-06-3007293908ns5:ShareCapital2024-06-3007293908ns5:ShareCapital2023-06-3007293908ns5:RetainedEarningsAccumulatedLosses2024-06-3007293908ns5:RetainedEarningsAccumulatedLosses2023-06-3007293908ns5:PlantMachinery2023-07-012024-06-3007293908ns5:FurnitureFittings2023-07-012024-06-3007293908ns5:PlantMachinery2023-06-3007293908ns5:FurnitureFittings2023-06-3007293908ns5:PlantMachinery2024-06-3007293908ns5:FurnitureFittings2024-06-3007293908ns5:PlantMachinery2023-06-3007293908ns5:FurnitureFittings2023-06-3007293908ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3007293908ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3007293908ns5:WithinOneYear2024-06-3007293908ns5:WithinOneYear2023-06-3007293908ns5:BetweenOneFiveYears2024-06-3007293908ns5:BetweenOneFiveYears2023-06-3007293908ns5:AllPeriods2024-06-3007293908ns5:AllPeriods2023-06-3007293908ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 07293908 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

TWO RIVERS MILL LIMITED

TWO RIVERS MILL LIMITED (REGISTERED NUMBER: 07293908)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance sheet 1

Notes to the financial statements 2


TWO RIVERS MILL LIMITED (REGISTERED NUMBER: 07293908)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 17,502 14,550

Current assets
Stocks 2,865 1,000
Debtors 5 675 8,281
Cash at bank 2,562 1,831
6,102 11,112
Creditors
Amounts falling due within one year 6 39,326 29,141
Net current liabilities (33,224 ) (18,029 )
Total assets less current liabilities (15,722 ) (3,479 )

Capital and reserves
Called up share capital 8 1,000 1,000
Retained earnings (16,722 ) (4,479 )
Shareholders' funds (15,722 ) (3,479 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





Mr P J Allen - Director


TWO RIVERS MILL LIMITED (REGISTERED NUMBER: 07293908)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. Statutory information

Two Rivers Mill Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07293908. The registered office is 7 & 8 Church Street, Wimborne, BH21 1JH and business address is Units 2 & 3, 34 Northbrook Industrial Estate, Newmills Road, Coleraine, Co Londonderry, BT52 2JB.

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.

The Company has made a loss during the year and has a deficiency of assets at the year end of £15,722 (2023: £3,479). The Company is dependent upon the continued support of its director who has confirmed his support of the Company over the next 12 months, in order that it can meet its day to day working capital requirements

Turnover
Turnover represents amounts receivable, excluding value added tax, in respect of services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

TWO RIVERS MILL LIMITED (REGISTERED NUMBER: 07293908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 July 2023 48,245 2,948 51,193
Additions - 8,787 8,787
At 30 June 2024 48,245 11,735 59,980
Depreciation
At 1 July 2023 34,210 2,433 36,643
Charge for year 3,509 2,326 5,835
At 30 June 2024 37,719 4,759 42,478
Net book value
At 30 June 2024 10,526 6,976 17,502
At 30 June 2023 14,035 515 14,550

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors - 2,727
Other debtors - 1,875
VAT - 3,409
Prepayments 675 270
675 8,281

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Social security and other taxes 17 17
VAT 1,405 -
Directors' current accounts 36,016 27,424
Accruals and deferred income 1,888 1,700
39,326 29,141

TWO RIVERS MILL LIMITED (REGISTERED NUMBER: 07293908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 18,000 -
Between one and five years 18,000 -
36,000 -

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 ORDINARY £1 1,000 1,000

9. Ultimate controlling party

The Company is under the control of Mr & Mrs Allen, by virtue of their combined 100% holding of the issued voting share capital of the Company.