The Twelve (Constantine) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14567950

The Twelve (Constantine) Limited

Filleted Unaudited Financial Statements

31 January 2025

The Twelve (Constantine) Limited

Financial Statements

Year ended 31 January 2025

Contents	Pages

Officers and professional advisers	1

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3 to 4

Notes to the financial statements	5 to 7

The Twelve (Constantine) Limited

Officers and Professional Advisers

The board of directors	Miss D A Walker
	Mr P E Roberts

Registered office	2 Westbrook Court
	Sharrow Vale Road
	Sheffield
	S11 8YZ

Accountants	Hebblethwaites
	Chartered accountants
	2 Westbrook Court
	Sharrow Vale Road
	Sheffield
	S11 8YZ

The Twelve (Constantine) Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of The Twelve (Constantine) Limited

Year ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Twelve (Constantine) Limited for the year ended 31 January 2025, which comprise the statement of financial position and the related notes 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 The Twelve (Constantine) Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of The Twelve (Constantine) 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 The Twelve (Constantine) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Twelve (Constantine) 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 The Twelve (Constantine) Limited. You consider that The Twelve (Constantine) 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 The Twelve (Constantine) 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.

Hebblethwaites Chartered accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

30 October 2025

The Twelve (Constantine) Limited

Statement of Financial Position

31 January 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	1,445,179	1,439,946

Current assets

Cash at bank and in hand	70	2,220

Creditors: amounts falling due within one year	5	7,432	7,547
		-------	-------
Net current liabilities		7,362	5,327
		------------	------------
Total assets less current liabilities		1,437,817	1,434,619

Creditors: amounts falling due after more than one year	6	1,584,775	1,493,830
		------------	------------
Net liabilities		( 146,958)	( 59,211)
		------------	------------

Capital and reserves

Called up share capital	300	300
Profit and loss account	( 147,258)	( 59,511)
	---------	--------
Shareholders deficit	( 146,958)	( 59,211)
	---------	--------

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 year ending 31 January 2025 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 .

The Twelve (Constantine) Limited

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 30 October 2025 , and are signed on behalf of the board by:

Miss D A Walker

Director

Company registration number: 14567950

The Twelve (Constantine) Limited

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Westbrook Court, Sharrow Vale Road, Sheffield, S11 8YZ.

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.

Depreciation

The company fixtures, fittings and equipment have not, as yet, been subjected to depreciation charges pending these assets being brought fully into use in terms of income generation.

Going concern

At the period end date, the Statement of Financial Position reflects both net current and net total liabilities. Despite this, the accounts have been prepared on a going concern basis, with this basis being appropriate, in the view of the directors, by reference to the funding provided to the company by way of unsecured director loans.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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. Tangible assets

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 February 2024	1,421,990	17,956	1,439,946
Additions	–	5,233	5,233
	------------	--------	------------
At 31 January 2025	1,421,990	23,189	1,445,179
	------------	--------	------------
Depreciation
At 1 February 2024 and 31 January 2025	–	–	–
	------------	--------	------------
Carrying amount
At 31 January 2025	1,421,990	23,189	1,445,179
	------------	--------	------------
At 31 January 2024	1,421,990	17,956	1,439,946
	------------	--------	------------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	7,432	7,547
	-------	-------

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

	2025	2024
	£	£
Bank loans and overdrafts	975,000	975,000
Other creditors	609,775	518,830
	------------	------------
	1,584,775	1,493,830
	------------	------------

The above bank loan is secured on the company property and is repayable after more than one year from the accounting reference date of 31 January 2025.

7. Directors' advances, credits and guarantees

During the prior period, the directors, jointly, introduced funds amounting to £518,830, which total was outstanding at the prior period end date and repayable to the directors. During the current year, the directors introduced a further £90,944 to create a closing balance of monies owing to the directors of £609,774. There are no formal repayment terms in relation to this balance, other than the fact that there will be no repayments for a minimum of twelve months after the accounting reference date and interest is not being charged. The director loan balance is included within "other creditors" at note 7 above.