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Registered number: 15560192
Twelve92 Property Finance Limited
Unaudited Financial Statements
For the Period 13 March 2024 to 31 March 2025
A K E Tax & Accountancy Ltd
Chartered Certified Accountants
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ
Contents
Page
Balance Sheet 1
Statement of Changes in Equity 2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15560192
31 March 2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 2,648
2,648
CURRENT ASSETS
Debtors 5 18,937
Cash at bank and in hand 36,471
55,408
Creditors: Amounts Falling Due Within One Year 6 (23,082 )
NET CURRENT ASSETS (LIABILITIES) 32,326
TOTAL ASSETS LESS CURRENT LIABILITIES 34,974
NET ASSETS 34,974
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account 34,973
SHAREHOLDERS' FUNDS 34,974
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
L C Sneddon
Director
11 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 1
Page 2
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 13 March 2024 1 - 1
Profit for the period and total comprehensive income - 74,973 74,973
Dividends paid - (40,000) (40,000)
As at 31 March 2025 1 34,973 34,974
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Twelve92 Property Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15560192 . The registered office is 14 Hanover Square, London, W1S 1HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.
Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% RB
Computer Equipment 33.33% SLM
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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2.7. Reporting period
These accounts present a period of more than one year, due to the fact that the company was incorporated on 13 March 2024 and the reporting date is 31 March 2025. Henceforth, the accounts will be prepared annually.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 13 March 2024 - - -
Additions 418 3,470 3,888
As at 31 March 2025 418 3,470 3,888
Depreciation
As at 13 March 2024 - - -
Provided during the period 84 1,156 1,240
As at 31 March 2025 84 1,156 1,240
Net Book Value
As at 31 March 2025 334 2,314 2,648
As at 13 March 2024 - - -
5. Debtors
31 March 2025
£
Due within one year
Other debtors 18,937
6. Creditors: Amounts Falling Due Within One Year
31 March 2025
£
Other creditors 1,690
Taxation and social security 21,392
23,082
7. Share Capital
31 March 2025
£
Allotted, Called up and fully paid 1
8. Related Party Transactions
L C Sneddon
The above is the director and shareholder of the company.
During the year, the director incurred expenses on behalf of the company and drew against her account.
At the balance sheet date, she was owed £490 by the company.
No interest was charged on this loan during the period.
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9. Ultimate Controlling Party
The company's ultimate controlling party is L C Sneddon by virtue of her ownership of 100% of the issued share capital in the company.
Page 5