IRIS Accounts Production v25.1.0.734 07097402 director 1.9.22 31.8.23 31.8.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070974022022-08-31070974022023-08-31070974022022-09-012023-08-31070974022021-08-31070974022021-09-012022-08-31070974022022-08-3107097402ns15:EnglandWales2022-09-012023-08-3107097402ns14:PoundSterling2022-09-012023-08-3107097402ns10:Director12022-09-012023-08-3107097402ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3107097402ns10:SmallEntities2022-09-012023-08-3107097402ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3107097402ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3107097402ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3107097402ns10:FullAccounts2022-09-012023-08-3107097402ns10:RegisteredOffice2022-09-012023-08-3107097402ns5:CurrentFinancialInstruments2023-08-3107097402ns5:CurrentFinancialInstruments2022-08-3107097402ns5:Non-currentFinancialInstruments2023-08-3107097402ns5:Non-currentFinancialInstruments2022-08-3107097402ns5:ShareCapital2023-08-3107097402ns5:ShareCapital2022-08-3107097402ns5:RetainedEarningsAccumulatedLosses2023-08-3107097402ns5:RetainedEarningsAccumulatedLosses2022-08-3107097402ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3107097402ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3107097402ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-3107097402ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-08-31070974021ns10:Director12022-08-31070974021ns10:Director12021-08-31070974021ns10:Director12022-09-012023-08-31070974021ns10:Director12021-09-012022-08-31070974021ns10:Director12023-08-31070974021ns10:Director12022-08-31
REGISTERED NUMBER: 07097402 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

T W ASSETS LIMITED

T W ASSETS LIMITED (REGISTERED NUMBER: 07097402)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T W ASSETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Mr T Ware





REGISTERED OFFICE: 74 Palmerston Road
Southsea
Hampshire
PO5 3PT





REGISTERED NUMBER: 07097402 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Certified Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

T W ASSETS LIMITED (REGISTERED NUMBER: 07097402)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £   
FIXED ASSETS
Investment property 4 381,932 381,932

CURRENT ASSETS
Debtors 5 1,499,082 1,321,363

CREDITORS
Amounts falling due within one year 6 1,140,202 839,054
NET CURRENT ASSETS 358,880 482,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

740,812

864,241

CREDITORS
Amounts falling due after more than one
year

7

188,336

192,143
NET ASSETS 552,476 672,098

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 552,326 671,948
SHAREHOLDERS' FUNDS 552,476 672,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

T W ASSETS LIMITED (REGISTERED NUMBER: 07097402)

BALANCE SHEET - continued
31 AUGUST 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





Mr T Ware - Director


T W ASSETS LIMITED (REGISTERED NUMBER: 07097402)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

T W Assets 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents sales of properties and services relating to property supplies.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 381,932
NET BOOK VALUE
At 31 August 2023 381,932
At 31 August 2022 381,932

T W ASSETS LIMITED (REGISTERED NUMBER: 07097402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 932,852 920,894
Other debtors 566,230 400,469
1,499,082 1,321,363

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 26,243 24,316
Amounts owed to associates 65,892 72,913
Taxation and social security 185,567 187,804
Other creditors 862,500 554,021
1,140,202 839,054

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 188,336 192,143

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 141,508 141,508

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mr T Ware
Balance outstanding at start of year 282,476 145,391
Amounts advanced 173,118 253,160
Amounts repaid (66,130 ) (116,075 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 389,464 282,476

Director's loans are repayable on demand and interest is charged at HMRC rates.