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REGISTERED NUMBER: 08938434 (England and Wales)















HENDRIX TWIG LTD

Unaudited Financial Statements for the Year Ended 31 December 2024






HENDRIX TWIG LTD (REGISTERED NUMBER: 08938434)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HENDRIX TWIG LTD

Company Information
for the Year Ended 31 December 2024







DIRECTOR: I M Mulingani





REGISTERED OFFICE: Holly Grange
Holly Lane
Balsall Common
West Midlands
CV7 7EB





REGISTERED NUMBER: 08938434 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

HENDRIX TWIG LTD (REGISTERED NUMBER: 08938434)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,554 3,193
Investment property 5 1,367,595 1,367,595
1,370,149 1,370,788

CURRENT ASSETS
Debtors 6 10,372 17,508
Cash at bank 6,721 716
17,093 18,224
CREDITORS
Amounts falling due within one year 7 319,776 274,651
NET CURRENT LIABILITIES (302,683 ) (256,427 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,067,466

1,114,361

CREDITORS
Amounts falling due after more than one
year

8

526,364

573,382
NET ASSETS 541,102 540,979

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 541,002 540,879
SHAREHOLDERS' FUNDS 541,102 540,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HENDRIX TWIG LTD (REGISTERED NUMBER: 08938434)

Balance Sheet - continued
31 December 2024


The 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, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 May 2025 and were signed by:





I M Mulingani - Director


HENDRIX TWIG LTD (REGISTERED NUMBER: 08938434)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Hendrix Twig Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's principal activity is that of a property rental company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

HENDRIX TWIG LTD (REGISTERED NUMBER: 08938434)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024
and 31 December 2024 4,058
DEPRECIATION
At 1 January 2024 865
Charge for year 639
At 31 December 2024 1,504
NET BOOK VALUE
At 31 December 2024 2,554
At 31 December 2023 3,193

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,367,595
NET BOOK VALUE
At 31 December 2024 1,367,595
At 31 December 2023 1,367,595

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,769 10,781
Corporation tax recoverable - 4,310
Prepayments 2,603 2,417
10,372 17,508

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,234 35,234
Trade creditors 11,737 4,219
Social security and other taxes 5,650 1,432
Other creditors 223,607 189,890
Directors' current accounts 31,200 31,200
Accrued expenses 12,348 12,676
319,776 274,651

HENDRIX TWIG LTD (REGISTERED NUMBER: 08938434)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 35,234 35,234
Bank loans - 2-5 years 105,701 105,701
Bank loans more 5 yr by instal 385,429 432,447
526,364 573,382

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 385,429 432,447

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 561,598 608,616

The bank loan is secured against the property owned by the company.