Twin Finance One Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10230884

Twin Finance One Limited

Filleted Unaudited Financial Statements

30 June 2024

Twin Finance One Limited

Financial Statements

Year ended 30 June 2024

Contents	Page

Officers and professional advisers	1

Accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position and the notes to the financial statements	3

Twin Finance One Limited

Officers and Professional Advisers

The board of directors	Mr Miles Uppal (Resigned 28 May 2025)
	Mr Rafe Uppal
	Mr Rajan Uppal (Appointed 28 May 2025)

Registered office	10 Canberra House
	Corbygate Business Park
	Corby
	Northants
	England
	NN17 5JG

Accountants	A Plus Accountants Limited
	Accountants
	10 Canberra House
	Corbygate Business Park
	Corby
	Northants
	NN17 5JG

Twin Finance One Limited

Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Twin Finance One Limited

Year ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Twin Finance One Limited for the year ended 30 June 2024, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Twin Finance One Limited, as a body, in accordance with the terms of our engagement letter dated 20 July 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Twin Finance One Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Twin Finance One Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Twin Finance One Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Twin Finance One Limited. You consider that Twin Finance One Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Twin Finance One Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

A Plus Accountants Limited Accountants

10 Canberra House Corbygate Business Park Corby Northants NN17 5JG

7 October 2025

Twin Finance One Limited

Statement of Financial Position

30 June 2024

	2024	2023
	£	£
Fixed assets	20,000	20,000
	--------	--------

Current assets	2,337,002	2,476,056
Prepayments and accrued income	-	27,752
	------------	------------
	2,337,002	2,503,808

Creditors: amounts falling due within one year	1,442,935	1,500,514
	------------	------------
Net current assets	894,067	1,003,294
	---------	------------
Total assets less current liabilities	914,067	1,023,294

Accruals and deferred income	322,726	215,728
	---------	------------
	591,341	807,566
	---------	------------

Capital and reserves	591,341	807,566
	---------	---------

Notes to the financial statements

1. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

2. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr Miles Uppal	( 179,502)	17,800	( 161,702)
Mr Rafe Uppal	( 538,451)	27,705	( 510,746)
	---------	--------	---------
	( 717,953)	45,505	( 672,448)
	---------	--------	---------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr Miles Uppal	( 225,502)	46,000	( 179,502)
Mr Rafe Uppal	( 536,451)	( 2,000)	( 538,451)
	---------	--------	---------
	( 761,953)	44,000	( 717,953)
	---------	--------	---------

As at the year end the amount outstanding owed to director, Mr M Uppal, was £161,702 (2023: £179,502). The loan has been secured, is interest free and repayable on demand. As at the year end the amount outstanding owed to director, Mr R Uppal, was £510,746 (2023: £538,451). The loan has been secured, is interest free and repayable on demand.

For the year ending 30 June 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 year 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 .

These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 7 October 2025 , and are signed on behalf of the board by:

Mr Rafe Uppal

Director

Company registration number: 10230884

The company is a private company limited by shares, registered in England and Wales.