Company No:
Contents
Directors | Dennis, Richard (Resigned 30 June 2024) |
Daniel, Harmetz (Appointed 30 June 2024) | |
David, Shimmon (Appointed 30 June 2024) |
Registered office | 2nd Floor 168 Shoreditch High street |
London | |
E1 6RA | |
United Kingdom |
Company number | 11546416 (England and Wales) |
Accountant | Kreston Reeves LLP |
2nd Floor | |
168 Shoreditch High Street | |
London | |
E1 6RA |
Note | 2024 | 2023 | ||
$ | $ | |||
Restated - note 3 | ||||
Fixed assets | ||||
Investments | 5 |
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63 | 0 | |||
Current assets | ||||
Debtors | 6 |
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749,898 | 749,898 | |||
Creditors: amounts falling due within one year | 7 | (
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Net current assets | 745,898 | 746,897 | ||
Total assets less current liabilities | 745,961 | 746,897 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholder's funds |
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Two Plus limited (registered number:
Daniel, Harmetz
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Two Plus limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor 168 Shoreditch High street, London, E1 6RA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in USD which is the functional currency of the Company and rounded to the nearest $.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
The prior year adjustment relates to the sale of shares held by the company in December 2022. The remuneration for the shares was an initial payment of $750,000 and a second contingent payment of $3,000,000 which had incorrectly been recognised on the date of the sale. As such both other debtors and retained earnings have been reduced by $3,000,000.
As previously reported | Adjustment | As restated | ||||
Year ended 30 March 2023 | $ | $ | $ | |||
Other Debtors | 3,749,898 | (3,000,000) | 749,898 | |||
Retained Earnings | 3,746,895 | (3,000,000) | 746,895 |
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Other investments | Total | ||
$ | $ | ||
Cost or valuation before impairment | |||
At 31 March 2023 |
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Additions |
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At 30 March 2024 |
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Carrying value at 30 March 2024 |
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Carrying value at 30 March 2023 |
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2024 | 2023 | ||
$ | $ | ||
Other debtors |
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2024 | 2023 | ||
$ | $ | ||
Other creditors |
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