REGISTERED NUMBER: 10668511 (England and Wales)

TWS PARTNERS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

9,438

12,491

CURRENT ASSETS

Debtors

5

1,911,247

1,899,294

Cash at bank

270,819

694,943

2,182,066

2,594,237

CREDITORS

Amounts falling due within one year

6

1,964,384

2,312,899

NET CURRENT ASSETS

217,682

281,338

TOTAL ASSETS LESS CURRENT LIABILITIES

227,120

293,829

PROVISIONS FOR LIABILITIES

2,360

3,123

NET ASSETS

224,760

290,706

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

224,660

290,606

224,760

290,706

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 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by:

S Moritz - Director

1.	STATUTORY INFORMATION

TWS Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10668511

Registered office:

Barclays Bank Chambers

Stratford upon Avon

Warwickshire

CV37 6AH

The company's place of business is:

2 Eastbourne Terrace,

London,

W2 6LG

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Office equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 15 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 January 2024

23,057

Additions

693

At 31 December 2024

23,750

DEPRECIATION

At 1 January 2024

10,566

Charge for year

3,746

At 31 December 2024

14,312

NET BOOK VALUE

At 31 December 2024

9,438

At 31 December 2023

12,491

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,696,598

1,685,093

Other debtors

214,649

214,201

1,911,247

1,899,294

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

16,941

14,974

Amounts owed to group undertakings

1,101,608

1,593,299

Taxation and social security

486,728

406,372

Other creditors

359,107

298,254

1,964,384

2,312,899

7.	ULTIMATE CONTROLLING PARTY

The parent company is TWS Partners AG, whose registered office is:

Gollierstraße 4,

80339 Munich

Germany