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REGISTERED NUMBER: 10961811 (England and Wales)















Unaudited Financial Statements

for the Period 1 October 2023 to 31 December 2024

for

Twenty20 Properties Ltd

Twenty20 Properties Ltd (Registered number: 10961811)

Contents of the Financial Statements
for the Period 1 October 2023 to 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Twenty20 Properties Ltd

Company Information
for the Period 1 October 2023 to 31 December 2024







DIRECTOR: Mr P Solowiej





SECRETARY: Mr K Parchimowicz





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





REGISTERED NUMBER: 10961811 (England and Wales)

Twenty20 Properties Ltd (Registered number: 10961811)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 5 1,188,935 897,685

CURRENT ASSETS
Debtors: amounts falling due within one year 6 459,565 84,994
Debtors: amounts falling due after more than
one year

6

150,259

440,000
Cash at bank 235,874 11,383
845,698 536,377
CREDITORS
Amounts falling due within one year 7 924,047 852,872
NET CURRENT LIABILITIES (78,349 ) (316,495 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,110,586

581,190

CREDITORS
Amounts falling due after more than one
year

8

(482,572

)

(289,678

)

PROVISIONS FOR LIABILITIES (105,928 ) (32,157 )
NET ASSETS 522,086 259,355

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 10 321,149 101,468
Retained earnings 200,927 157,877
SHAREHOLDERS' FUNDS 522,086 259,355

Twenty20 Properties Ltd (Registered number: 10961811)

Balance Sheet - continued
31 December 2024


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 May 2025 and were signed by:





Mr P Solowiej - Director


Twenty20 Properties Ltd (Registered number: 10961811)

Notes to the Financial Statements
for the Period 1 October 2023 to 31 December 2024


1. STATUTORY INFORMATION

Twenty20 Properties Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the period 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.


Twenty20 Properties Ltd (Registered number: 10961811)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 December 2024


3. ACCOUNTING POLICIES - continued
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 period 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.

Change of year end
The financial statements have been prepared for the longer period of 15 months and therefore the amounts
presented in the financial statements (including the related notes) are not entirely comparable with the previous period of 12 months.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 897,685
Revaluations 291,250
At 31 December 2024 1,188,935
NET BOOK VALUE
At 31 December 2024 1,188,935
At 30 September 2023 897,685

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2022 116,627
Valuation in 2023 17,000
Valuation in 2024 291,250
Cost 764,058
1,188,935

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 764,058 764,058

Investment property was valued on an open market basis on 13 June 2024 by Harwoods .

Twenty20 Properties Ltd (Registered number: 10961811)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 December 2024


6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 459,565 84,994

Amounts falling due after more than one year:
Other debtors 150,259 440,000

Aggregate amounts 609,824 524,994

Other debtors include inter company loans of £609,824 (2023 - £524,994).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 58,628 25,280
Taxation and social security 14,664 11,040
Other creditors 850,755 816,552
924,047 852,872

Other creditors include inter company loans of £847,841 (2023 - £813,888), accrued expenses of £1,455 (2023 - £1,212), directors' loan accounts of £9 (2023 - £2) and other creditors of £1,450 (2022 - £1,450).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 482,572 289,678

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 227,036 186,751

Twenty20 Properties Ltd (Registered number: 10961811)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 December 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 541,200 314,958

Barclays Bank PLC holds a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

This also includes a cross guarantee with all group companies, 2020 Hold Co Ltd 15063650 and 2020 Furniture Design Ltd 07693067.

Kensington Mortgage Company Limited holds a fixed charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery. This is on the basis that they provide a mortgage over the residential property.

10. RESERVES
Fair
value
reserve
£   
At 1 October 2023 101,468
Revaluation movement 219,681

At 31 December 2024 321,149