REGISTERED NUMBER: 12066904 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Twenty-Three Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Primicerio

M C Tomassini

REGISTERED OFFICE:

111 Park Street, Mayfair

London

W1K 7JF

REGISTERED NUMBER:

12066904 (England and Wales)

INVESTMENTS IN UNDERTAKINGS

Investments

4

522,309

345,134

CURRENT ASSETS

Debtors

5

46,084

45,973

Investments

6

1,155,569

619,830

Cash at bank

1,003,231

785,621

2,204,884

1,451,424

CREDITORS

Amounts falling due within one year

7

47,819

11,264

NET CURRENT ASSETS

2,157,065

1,440,160

TOTAL ASSETS LESS CURRENT LIABILITIES

2,679,374

1,785,294

CAPITAL AND RESERVES

Called up share capital

90,000

90,000

Retained earnings

2,589,374

1,695,294

SHAREHOLDERS' FUNDS

2,679,374

1,785,294

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

A Primicerio - Director

1.	STATUTORY INFORMATION

Twenty-Three Holdings 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

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENTS

31.12.24

31.12.23

£

£

Shares in group undertakings

45,000

45,000

Loans to group undertakings

260,446

83,271

Participating interests

216,863

216,863

522,309

345,134

Additional information is as follows:

Other

long term

Investment

investment

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

45,000

216,863

261,863

NET BOOK VALUE

At 31 December 2024

45,000

216,863

261,863

At 31 December 2023

45,000

216,863

261,863

Cost or valuation at 31 December 2024 is represented by:

Interest

Other

in

long term

Investment

associate

investment

Totals

£

£

£

£

Valuation in 2019

45,000

57,374

-

102,374

Valuation in 2020

-

3,338

-

3,338

Valuation in 2021

-

(60,712

)

209,961

149,249

Valuation in 2023

-

-

6,902

6,902

45,000

-

216,863

261,863

Loans to

group

undertakings

£

At 1 January 2024

83,271

New in year

310,755

Repayment in year

(133,580

)

At 31 December 2024

260,446

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

46,084

45,973

6.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Listed investments

859,788

619,830

Treasury Deposit

295,781

-

1,155,569

619,830

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

47,569

11,014

Other creditors

250

250

47,819

11,264