Company No: 13213768 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Current assets
Stocks	3	9,593		9,010
Debtors	4	40,424		167,813
Cash at bank and in hand		9,684		9,554
		59,701		186,377
Creditors: amounts falling due within one year	5	( 148,502)		( 180,767)
Net current (liabilities)/assets		(88,801)		5,610
Total assets less current liabilities		(88,801)		5,610
Net (liabilities)/assets		( 88,801)		5,610
Capital and reserves
Called-up share capital	6	4		4
Profit and loss account		( 88,805 )		5,606
Total shareholders' (deficit)/funds		( 88,801)		5,610

For the financial year ending 31 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Two I's Trading Ltd (registered number: 13213768) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

A M I'Anson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Two I's Trading Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Apartment 9 The Old Auction House, 54-56 Southampton Road, Ringwood, BH24 1JD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Services in the ordinary course of the company’s activities. Turnover is shown net of discounts, and after eliminating sales within the company. Unbilled services are included in accrued income.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Stocks

	2024		2023
	£		£
Stocks	9,593		9,010

4. Debtors

	2024		2023
	£		£
Amounts owed by Group undertakings	40,424		157,296
Prepayments	0		10,517
	40,424		167,813

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to Group undertakings	0		28,025
Amounts owed to directors	146,752		150,824
Accruals	1,750		1,750
Taxation and social security	0		168
	148,502		180,767

6. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
3 Ordinary shares of £ 1.00 each	3		3
1 Golden ordinary share of £ 1.00	1		1
	4		4