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COMPANY REGISTRATION NUMBER: NI047754
TWN Enterprises Limited
Filleted Unaudited Financial Statements
31 March 2024
TWN Enterprises Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
TWN Enterprises Limited
Officers and Professional Advisers
The board of directors
Eileen Bell CBE
P A Lewsley-Mooney CBE
Registered office
Elizabeth House
Ground Floor
Suite 2
116-118 Holywood Road
Belfast
BY4 1NY
Accountants
BMK Accounting Limited
Chartered Accountants
43 Lockview Road
Stranmillis
Belfast
BT9 5FJ
TWN Enterprises Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Current assets
Debtors
4
1
1
----
----
Net current assets
1
1
----
----
Total assets less current liabilities
1
1
----
----
Capital and reserves
Called up share capital
5
1
1
----
----
Shareholders funds
1
1
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 May 2025 , and are signed on behalf of the board by:
P A Lewsley-Mooney CBE
Director
Company registration number: NI047754
TWN Enterprises Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Elizabeth House, Ground Floor, Suite 2, 116-118 Holywood Road, Belfast, BY4 1NY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Consolidation
The entity has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of an EEA State.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the statement of income and retained earnings represents amounts invoiced during the year.
4. Debtors
2024
2023
£
£
Other debtors
1
1
----
----
5. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
6. Related party transactions
The company was under the control of Training for Women Network Limited throughout the current and previous year (Note 7). Eileen Bell CBE and Patricia Lewsley-Mooney CBE are directors of Training for Women Network Limited. During the year ended 31 March 2023 the company made a charitable donation of £4,824 (2023 - £4,312) to Training for Women Network Limited. NICMA is a related party of the company as Patrica Lewsley-Mooney CBE is CEO. During the year sales of £5,307 were made to NICMA (2023 - £7,156) No other transactions with related parties have occurred such as are required to be disclosed under the terms of FRS 102.
7. Control
At the Statement of Financial Position date, the immediate and ultimate parent company was Training for Women Network Limited, a company incorporated in Northern Ireland and limited by guarantee, which wholly owned the issued share capital of the company during both this and the previous year.