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Company No: 11546416 (England and Wales)

TWO PLUS LIMITED

Unaudited Financial Statements
For the financial year ended 30 March 2024
Pages for filing with the registrar

TWO PLUS LIMITED

Unaudited Financial Statements

For the financial year ended 30 March 2024

Contents

TWO PLUS LIMITED

COMPANY INFORMATION

For the financial year ended 30 March 2024
TWO PLUS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 March 2024
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
TWO PLUS LIMITED

BALANCE SHEET

As at 30 March 2024
TWO PLUS LIMITED

BALANCE SHEET (continued)

As at 30 March 2024
Note 2024 2023
$ $
Restated - note 3
Fixed assets
Investments 5 63 0
63 0
Current assets
Debtors 6 749,898 749,898
749,898 749,898
Creditors: amounts falling due within one year 7 ( 4,000) ( 3,001)
Net current assets 745,898 746,897
Total assets less current liabilities 745,961 746,897
Net assets 745,961 746,897
Capital and reserves
Called-up share capital 2 2
Profit and loss account 745,959 746,895
Total shareholder's funds 745,961 746,897

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

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: 11546416) were approved and authorised for issue by the Board of Directors on 04 April 2025. They were signed on its behalf by:

Daniel, Harmetz
Director
TWO PLUS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 March 2024
TWO PLUS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 March 2024
1. Accounting policies

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.

General information and basis of accounting

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 $.

Impairment of assets

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 instruments

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.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Prior year adjustment

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

4. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

5. Fixed asset investments

Other investments Total
$ $
Cost or valuation before impairment
At 31 March 2023 0 0
Additions 63 63
At 30 March 2024 63 63
Carrying value at 30 March 2024 63 63
Carrying value at 30 March 2023 0 0

6. Debtors

2024 2023
$ $
Other debtors 749,898 749,898

7. Creditors: amounts falling due within one year

2024 2023
$ $
Other creditors 4,000 3,001