TWP Investments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC619302

		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		3,304		1,359
Investment Properties	6		1,250,000		689,734

			1,253,304		691,093
CURRENT ASSETS
Debtors	7	1,194		1,085
Cash at bank and in hand		11,778		686

		12,972		1,771
Creditors: Amounts Falling Due Within One Year	8	(364,195 )		(293,754 )

NET CURRENT ASSETS (LIABILITIES)			(351,223 )		(291,983 )

TOTAL ASSETS LESS CURRENT LIABILITIES			902,081		399,110

Creditors: Amounts Falling Due After More Than One Year	9		(657,526 )		(444,440 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(98,872 )		(8,235 )

NET ASSETS/(LIABILITIES)			145,683		(53,565 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			145,583		(53,665 )

SHAREHOLDERS' FUNDS			145,683		(53,565)

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TWP Investments Limited

Balance Sheet (continued)

As At 31 January 2025

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Thomas Potter

Director

30/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

TWP Investments Limited is a private company, limited by shares, incorporated in Scotland, registered number SC619302 . The registered office is 4th Floor, 115 George Street, Edinburgh, EH2 4JN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

4 Year Straight Line Basis

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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TWP Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Prior Period Adjustment

The comparative information has been restated to ensure that they show a 'true and fair reflection'

To the best of our knowledge and belief the financial records and accompaying statements present a true and fair view of the financial position and performance of the entity for the relevant reporting period.

During the current financial period an adjustment was made to the capital balance of the loans provided to reflect the interest element omitted initially from the capital repayments. Therefore the prior year interest figure included in the prior period was understated.

In additon to the above a payment of capital was omitted from the original accounts, totalling £64,752, which has increased both the revaluation of the investment property, and non current liabilities as appropiate.

A increase in interest of £7,707 and subsequent increase in current liabilites of the figure stated.

Profit and Loss reserves decreased by £7,707 with the above interest adjustment.

Removal of the revaluation reserve of £89,782.

Fair value profit and loss adjustments increasing reserves by £25,030.

Overall adjustment to total reserves is a reduction of £71,928.

5. Tangible Assets

	Fixtures & Fittings
	£
Cost or Valuation
As at 1 February 2024	1,591
Additions	2,392

As at 31 January 2025	3,983

Depreciation
As at 1 February 2024	232
Provided during the period	447

As at 31 January 2025	679

Net Book Value
As at 31 January 2025	3,304

As at 1 February 2024	1,359

6. Investment Property

	2025
	£
Fair Value
As at 1 February 2024	689,734
Additions	254,562
Revaluations	305,704

As at 31 January 2025	1,250,000

The director has determined the fair values of the investment properties. No third party valuations have been used.

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TWP Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

7. Debtors

	2025	2024 as restated
	£	£
Due within one year
Prepayments and accrued income	1,194	1,085

8. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Other creditors	261,641	270,368
Accruals and deferred income	1,500	1,562
Director's loan account	101,054	21,824

	364,195	293,754

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024 as restated
	£	£
Bank loans	657,526	444,440

10. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	100	100

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