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Company Registration No. 12972874 (England and Wales)
Twenty Properties Limited Unaudited accounts for the year ended 31 October 2024
Twenty Properties Limited Unaudited accounts Contents
Page
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Twenty Properties Limited Company Information for the year ended 31 October 2024
Director
Mr A J Brigham
Company Number
12972874 (England and Wales)
Registered Office
38 Warrenmor Gateshead Tyne & Wear NE10 8XD
Accountants
Ings Accountancy Limited 18 The Furlongs Redcar North Yorkshire TS10 2EB
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Twenty Properties Limited Accountants' report
Accountants' report to the director of Twenty Properties Limited on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Twenty Properties Limited for the year ended 31 October 2024 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Twenty Properties Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Twenty Properties Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Twenty Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Twenty Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Twenty Properties Limited. You consider that Twenty Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Twenty Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Ings Accountancy Limited 18 The Furlongs Redcar North Yorkshire TS10 2EB 11 December 2024
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Twenty Properties Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
136,643 
230,548 
Current assets
Cash at bank and in hand
39,502 
31,480 
Creditors: amounts falling due within one year
(133,174)
(249,836)
Net current liabilities
(93,672)
(218,356)
Net assets
42,971 
12,192 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
42,969 
12,190 
Shareholders' funds
42,971 
12,192 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 December 2024 and were signed on its behalf by
Mr A J Brigham Director Company Registration No. 12972874
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Twenty Properties Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Twenty Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12972874. The registered office is 38 Warrenmor, Gateshead, Tyne & Wear, NE10 8XD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 November 2023
230,548 
Additions
44,073 
Transfers to tangible fixed assets
(137,978)
At 31 October 2024
136,643 
Investment Property is recognised at purchase price, plus all other directly attributable costs.
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
7,220 
39 
Loans from directors
125,504 
249,347 
Accruals
450 
450 
133,174 
249,836 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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