REGISTERED NUMBER: 04576729

TWO'S COMPANY PROPERTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D J Wilson

A J Wilson

T F Wilson

Miss H B Wilson

SECRETARY:

Mrs D J Wilson

REGISTERED OFFICE:

The Mistral

1 Overtown Court

Walton

Wakefield

West Yorkshire

WF2 6JX

REGISTERED NUMBER:

04576729

ACCOUNTANTS:

UHY BPR Heaton

Chartered Accountants

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

FIXED ASSETS

Tangible assets

4

17

64

Investment property

5

780,474

609,051

780,491

609,115

CURRENT ASSETS

Debtors

6

-

402

Cash at bank and in hand

12,549

16,671

12,549

17,073

CREDITORS

Amounts falling due within one year

7

5,303

4,992

NET CURRENT ASSETS

7,246

12,081

TOTAL ASSETS LESS CURRENT LIABILITIES

787,737

621,196

CREDITORS

Amounts falling due after more than one year

8

584,945

430,011

NET ASSETS

202,792

191,185

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

202,790

191,183

202,792

191,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 2 September 2025 and were signed on its behalf by:

A J Wilson - Director

1.	STATUTORY INFORMATION

TWO'S Company Property Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Turnover

Turnover represents rental income from property.

Tangible fixed assets

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

Computer equipment

-

25% on cost

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.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

137

DEPRECIATION

At 1 April 2024

73

Charge for year

47

At 31 March 2025

120

NET BOOK VALUE

At 31 March 2025

17

At 31 March 2024

64

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

609,051

Additions

171,423

At 31 March 2025

780,474

NET BOOK VALUE

At 31 March 2025

780,474

At 31 March 2024

609,051

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

402

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

2,733

2,242

Other creditors

2,570

2,750

5,303

4,992

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

114,999

-

Other creditors

469,946

430,011

584,945

430,011

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

114,999

-

Coutts and Company hold a legal charge over the freehold property known as 7 Julie Avenue, Durkar, Wakefield, WF4 3PL.