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COMPANY REGISTRATION NUMBER: 14992553

Twisted Inc Limited

Filleted Unaudited Financial Statements

31 December 2024

Twisted Inc Limited

Statement of Financial Position

31 December 2024

| 31 Dec 24
Note | £ | £

Fixed assets

Intangible assets | 4 |  | 5,000,000

Current assets

Debtors | 5 | 2,937,067 |
Investments | 6 | 6,558,770 |
Cash at bank and in hand | 983,162 |
| ------------- |
| 10,478,999 |

Creditors: amounts falling due within one year | 7 | 880,826 |
| ------------- |
Net current assets |  | 9,598,173
|  | -------------
Total assets less current liabilities |  | 14,598,173

Creditors: amounts falling due after more than one year | 8 |  | 7,000,000
|  | -------------
Net assets |  | 7,598,173
|  | -------------

Capital and reserves

Called up share capital |  | 8,250,021
Share premium account |  | 374,999
Profit and loss account |  | ( 1,026,847)
|  | ------------
Shareholders funds |  | 7,598,173
|  | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31st December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Twisted Inc Limited

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 12 August 2025 , and are signed on behalf of the board by:

Mr C Fawcett
Director

Company registration number: 14992553

Twisted Inc Limited

Notes to the Financial Statements

Period from 10th July 2023 to 31st December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sussex Court, Thirsk Industrial Park, Thirsk, North Yorkshire, YO73TA, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis assuming the support of the company's shareholders.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Intangible assets

| Twisted Brand
| £
Cost |
Additions | 5,000,000
| ------------
At 31st December 2024 | 5,000,000
| ------------
Amortisation |
At 10th July 2023 and 31st December 2024 | –
| ------------
Carrying amount |
At 31st December 2024 | 5,000,000
| ------------

5. Debtors

| 31 Dec 24
| £
Trade debtors | 24
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 2,032,716
Other debtors | 904,327
| ------------
| 2,937,067
| ------------

6. Investments

| 31 Dec 24
| £
Investments in group undertakings | 6,558,770
| ------------

7. Creditors: amounts falling due within one year

| 31 Dec 24
| £
Trade creditors | 5,732
Other creditors | 875,094
| ---------
| 880,826
| ---------

8. Creditors: amounts falling due after more than one year

| 31 Dec 24
| £
Bank loans and overdrafts | 7,000,000
| ------------

The company has received lending from its shareholders in the form of loan notes. These loan notes amounted to £7,000,000 at 31 December 2024.
9. Directors' advances, credits and guarantees
The directors loan account remained in credit throughout the current year. There were no guarantees in the year.