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REGISTERED NUMBER: 09166751 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Tweseldown Limited

Tweseldown Limited (Registered number: 09166751)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tweseldown Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs R Faulkner





SECRETARY: Miss C Faulkner





REGISTERED OFFICE: 9 St George's Yard
Farnham
Surrey
GU9 7LW





REGISTERED NUMBER: 09166751 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

Tweseldown Limited (Registered number: 09166751)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 7,319 15,819
Tangible assets 5 236,181 228,564
243,500 244,383

CURRENT ASSETS
Debtors 6 2,942 1,883
Cash at bank 366 8
3,308 1,891
CREDITORS
Amounts falling due within one year 7 65,368 81,724
NET CURRENT LIABILITIES (62,060 ) (79,833 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,440

164,550

CREDITORS
Amounts falling due after more than one
year

8

(140,900

)

(123,722

)

PROVISIONS FOR LIABILITIES (43,191 ) (40,411 )
NET (LIABILITIES)/ASSETS (2,651 ) 417

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (2,661 ) 407
SHAREHOLDERS' FUNDS (2,651 ) 417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2025 and were signed by:





Mrs R Faulkner - Director


Tweseldown Limited (Registered number: 09166751)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Tweseldown 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.

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.

At the balance sheet date, the company had net liabilities of £2,651. The ability of the company to continue to trade is dependent upon the continuing support of the director.

The director is of the opinion that the company will continue to receive this support and on this basis consider it appropriate to prepare the accounts on the going concern basis.

The financial statements do not include any adjustments that would result from the withdrawal of support by the director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable of the company equestrian activities and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Tweseldown Limited (Registered number: 09166751)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

Bank loan
The company has a fixed and floating charge held by the bank over the company assets as security held for the bank loan.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Tweseldown Limited (Registered number: 09166751)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 85,000
AMORTISATION
At 1 September 2023 69,181
Charge for year 8,500
At 31 August 2024 77,681
NET BOOK VALUE
At 31 August 2024 7,319
At 31 August 2023 15,819

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 70,153 482,593 552,746
Additions - 79,243 79,243
Disposals - (57,765 ) (57,765 )
At 31 August 2024 70,153 504,071 574,224
DEPRECIATION
At 1 September 2023 54,277 269,905 324,182
Charge for year 7,016 47,227 54,243
Eliminated on disposal - (40,382 ) (40,382 )
At 31 August 2024 61,293 276,750 338,043
NET BOOK VALUE
At 31 August 2024 8,860 227,321 236,181
At 31 August 2023 15,876 212,688 228,564

Tweseldown Limited (Registered number: 09166751)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 108,220
Disposals (38,290 )
At 31 August 2024 69,930
DEPRECIATION
At 1 September 2023 38,205
Charge for year 9,539
Eliminated on disposal (26,427 )
At 31 August 2024 21,317
NET BOOK VALUE
At 31 August 2024 48,613
At 31 August 2023 70,015

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 2,942 1,883

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 23,238 33,791
Hire purchase contracts 8,513 17,920
Trade creditors 5,744 585
Taxation and social security 20,368 23,760
Other creditors 7,505 5,668
65,368 81,724

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 8,006 24,420
Hire purchase contracts 32,156 40,670
Other creditors 100,738 58,632
140,900 123,722

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loan 8,870 19,058

The company has a fixed and floating charge held by the bank over the company assets as security held for the bank loan.

Tweseldown Limited (Registered number: 09166751)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. RELATED PARTY DISCLOSURES

The director has provided the company with an interest free loan. The total amount outstanding at the balance sheet date and shown in creditors due after more than one year was £100,738 (2023 - £58,632).