Registered number
03815426
Two-O-One Limited
Filleted Accounts
31 July 2024
Two-O-One Limited
Registered number: 03815426
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,258 2,342
Investments 4 187,376 178,760
189,634 181,102
Current assets
Debtors 5 9,567 5,010
Cash at bank and in hand 21,943 38,729
31,510 43,739
Creditors: amounts falling due within one year 7 (10,119) (13,356)
Net current assets 21,391 30,383
Total assets less current liabilities 211,025 211,485
Creditors: amounts falling due after more than one year 8 (4,634) (9,642)
Provisions for liabilities (22,156) (22,156)
Net assets 184,235 179,687
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 183,235 178,687
Shareholders' funds 184,235 179,687
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The Director's report and the Profit and Loss Account have not been delivered to the Registrar of Companies.
J Page
Director
Approved by the board on 22 May 2025
Two-O-One Limited
Notes to the Accounts
for the year ended 31 July 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 rental of property and is recognised when the rental income is due.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Investments
The investments relate to property held for rental purposes. The director considers that the revalued cost stated is equivalent to the current fair value.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax has been provided for on gains arising from the revaluation of investment property and is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 8,171
At 31 July 2024 8,171
Depreciation
At 1 August 2023 5,829
Charge for the year 84
At 31 July 2024 5,913
Net book value
At 31 July 2024 2,258
At 31 July 2023 2,342
4 Investments
Other
investments
£
Cost
At 1 August 2023 178,760
Additions 8,616
At 31 July 2024 187,376
5 Debtors 2024 2023
£ £
Other debtors 9,567 5,010
6 Investments held as current assets 2024 2023
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Unlisted investments - 5,000
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,324 5,324
Taxation and social security costs 1,086 1,152
Other creditors 3,709 6,880
10,119 13,356
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,634 9,642
9 Other information
Two-O-One Limited is a private company limited by shares and incorporated in England. Its registered office is:
Central House
124 High Street
Hampton Hill
Middlesex
TW12 1NS
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