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REGISTERED NUMBER: 05312082 (England and Wales)















Financial Statements for the Year Ended 31st December 2024

for

Twinney Wharf Limited

Twinney Wharf Limited (Registered number: 05312082)

Contents of the Financial Statements
for the year ended 31st December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Twinney Wharf Limited

Company Information
for the year ended 31st December 2024







DIRECTORS: J P Holland
S E Holland





SECRETARY: S E Holland





REGISTERED OFFICE: Twinney Wharf
Twinney
Upchurch
Kent
ME9 7HA





REGISTERED NUMBER: 05312082 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

Twinney Wharf Limited (Registered number: 05312082)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 434,468 385,270
Investment property 6 463,000 463,000
897,468 848,270

CURRENT ASSETS
Stocks 28,517 -
Debtors 7 74,350 31,870
Cash at bank 8,233 -
111,100 31,870
CREDITORS
Amounts falling due within one year 8 361,800 254,824
NET CURRENT LIABILITIES (250,700 ) (222,954 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

646,768

625,316

CREDITORS
Amounts falling due after more than one
year

9

(172,203

)

(180,278

)

PROVISIONS FOR LIABILITIES (113,761 ) (111,625 )
NET ASSETS 360,804 333,413

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 319,144 319,144
Retained earnings 41,560 14,169
SHAREHOLDERS' FUNDS 360,804 333,413

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

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

The directors acknowledge their 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.

Twinney Wharf Limited (Registered number: 05312082)

Balance Sheet - continued
31st 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 Board of Directors and authorised for issue on 26th August 2025 and were signed on its behalf by:





J P Holland - Director


Twinney Wharf Limited (Registered number: 05312082)

Notes to the Financial Statements
for the year ended 31st December 2024


1. STATUTORY INFORMATION

Twinney Wharf Limited 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.

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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, was amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 12.5% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Twinney Wharf Limited (Registered number: 05312082)

Notes to the Financial Statements - continued
for the year ended 31st December 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 20,598
AMORTISATION
At 1st January 2024
and 31st December 2024 20,598
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 -

Twinney Wharf Limited (Registered number: 05312082)

Notes to the Financial Statements - continued
for the year ended 31st December 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024 707,894
Additions 72,664
Disposals (6,068 )
At 31st December 2024 774,490
DEPRECIATION
At 1st January 2024 322,624
Charge for year 21,903
Eliminated on disposal (4,505 )
At 31st December 2024 340,022
NET BOOK VALUE
At 31st December 2024 434,468
At 31st December 2023 385,270

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024
and 31st December 2024 463,000
NET BOOK VALUE
At 31st December 2024 463,000
At 31st December 2023 463,000

Fair value at 31st December 2024 is represented by:
£   
Valuation in 2006 65,412
Valuation in 2017 257,500
Valuation in 2018 32,500
Valuation in 2020 43,000
Cost 64,588
463,000

Twinney Wharf Limited (Registered number: 05312082)

Notes to the Financial Statements - continued
for the year ended 31st December 2024


6. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 64,588 64,588

Investment property was valued on an open market basis on 31st December 2020 by the directors of the company .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,766 26,028
Other debtors and prepayments 32,584 5,842
74,350 31,870

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 7,801 15,234
Trade creditors 8,336 10,500
Taxation and social security 478 7,852
Other creditors and accruals 345,185 221,238
361,800 254,824

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 7,808 15,883
Other creditors 164,395 164,395
172,203 180,278

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 7,160
Bank loans 7,801 8,074
7,801 15,234

Twinney Wharf Limited (Registered number: 05312082)

Notes to the Financial Statements - continued
for the year ended 31st December 2024


10. LOANS - continued
2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans 7,808 15,883

11. SECURED DEBTS

Bank loans and overdrafts are secured by a fixed charge over the Investment Property and a debenture over all other assets.