Company registration number 13612042 (England and Wales)
TWYVER BUSINESS SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
TWYVER BUSINESS SERVICES LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
TWYVER BUSINESS SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
21,414
-
0
Investment property
3
1,374,920
1,312,920
1,396,334
1,312,920
Current assets
Debtors
9,729
7,578
Cash at bank and in hand
6,237
59,993
15,966
67,571
Creditors: amounts falling due within one year
(1,511,400)
(1,490,506)
Net current liabilities
(1,495,434)
(1,422,935)
Total assets less current liabilities
(99,100)
(110,015)
Provisions for liabilities
(15,683)
-
0
Net liabilities
(114,783)
(110,015)
Capital and reserves
Called up share capital
4
100
100
Revaluation reserve
62,000
-
0
Profit and loss reserves
(176,883)
(110,115)
Total equity
(114,783)
(110,015)
TWYVER BUSINESS SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 June 2025 and are signed on its behalf by:
Mr P M Mount
Director
Company registration number 13612042 (England and Wales)
TWYVER BUSINESS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

Twyver Business Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 18D Ley Court, Barnett Way, Barnwood, Gloucester, Gloucestershire, England, GL4 3RT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors have considered the working capital needs of the company for a period of twelve months from the date of approval of these financial statements. The company relies on funding from one of the directors for its working capital and property acquisitions.

These financial statements have been prepared on the going concern basis, on the understanding that the relevant director and shareholder will continue to financially support the company during this uncertain period, by not withdrawing his funding to the detriment of other unsecured creditors and by providing further working capital as required by the company in order to deliver against its latest business plan.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised at the point of invoicing.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

TWYVER BUSINESS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Tangible fixed assets
Motor vehicles
£
Cost
At 1 October 2023
-
0
Additions
22,000
At 30 September 2024
22,000
Depreciation and impairment
At 1 October 2023
-
0
Depreciation charged in the year
586
At 30 September 2024
586
Carrying amount
At 30 September 2024
21,414
At 30 September 2023
-
0
3
Investment property
2024
£
Fair value
At 1 October 2023
1,312,920
Revaluations
62,000
At 30 September 2024
1,374,920
TWYVER BUSINESS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
4
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary S of £1 each
24
24
Ordinary P of £1 each
52
52
Ordinary D of £1 each
24
24
100
100
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