Registered number
13584947
Twin Arches Ltd
Filleted Accounts
31 August 2024
Twin Arches Ltd
Registered number: 13584947
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 125,000 300,000
Investments held as current assets 4 200,000 -
Cash at bank and in hand 1,382 26,447
326,382 326,447
Creditors: amounts falling due within one year 5 (338,517) (338,517)
Net current liabilities (12,135) (12,070)
Net liabilities (12,135) (12,070)
Capital and reserves
Called up share capital 100 100
Profit and loss account (12,235) (12,170)
Shareholder's funds (12,135) (12,070)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms J Fysentzou
Director
Approved by the board on 19 May 2025
Twin Arches Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Other debtors 125,000 300,000
4 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 200,000 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs (2,420) (2,420)
Other creditors 1 1
Director's account 340,936 340,936
338,517 338,517
6 Related party transactions
The director loaned the company £340,936 (2023: £340,936) at arm's length and interest free.
The company loaned £50,000 (2023: £150,000) to Albury Hills Ltd and £75,000 (2023: £75,000) to On The Box Pay Ltd.
7 Controlling party
The director controls the company.
8 Other information
Twin Arches Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Office 17, Innovation House
Innovation Way, Discovery Park
Sandwich
Kent
CT13 9FF
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