NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
Twenty0Five Ltd is a limited liability company registered in England and Wales. Its registered office
address is at 2nd Floor Connaught House, 1-3 House Street, London, W1K 3NB.
The principal activity of the Company during the year was that of buying and selling real estate.
The financial statements are presented in £ sterling, which is the functional currency of the Company.
The Company was incorporated and started trading on on 10 May 2024.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
The Company made a loss for the period and at the balance sheet date has net current liabilities
and net liabilities. The Director has obtained assurance from the Shareholder that funds will be
made available to the Company so that it will be able to carry on trading and meet its financial
obligations as and when they fall due for at least twelve months from the date the accounts are
approved. The accounts have been prepared under going concern on this basis.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Investment property is carried at fair value determined annually and derived from the current market
rents and investment property yields for comparable real estate, adjusted if necessary for any
differences in the nature, location or condition of the specific asset. No depreciation is provided.
Changes in fair value are recognised in the Statement of Comprehensive Income.
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