REGISTERED NUMBER: 08117437

Financial Statements for the Year Ended 31 March 2025

for

Twinplate Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Cummings

H Roper

S Donnachie

REGISTERED OFFICE:

110 Whitchurch Road

Cardiff

CF14 3LY

REGISTERED NUMBER:

08117437

ACCOUNTANTS:

DHB Accountants Limited

Chartered Accountants

Statutory Auditors

110 Whitchurch Road

Cardiff

CF14 3LY

FIXED ASSETS

Investments

4

670,966

653,391

Investment property

5

4,176,365

4,176,365

4,847,331

4,829,756

CURRENT ASSETS

Debtors

6

6,713

5,129

Cash at bank

1,446,259

1,410,650

1,452,972

1,415,779

CREDITORS

Amounts falling due within one year

7

3,850,863

3,993,155

NET CURRENT LIABILITIES

(2,397,891

)

(2,577,376

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,449,440

2,252,380

CREDITORS

Amounts falling due after more than one year

8

290,484

290,484

NET ASSETS

2,158,956

1,961,896

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,158,954

1,961,894

SHAREHOLDERS' FUNDS

2,158,956

1,961,896

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 23 December 2025 and were signed on its behalf by:

S Donnachie - Director

1.	STATUTORY INFORMATION

Twinplate Properties Limited 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 as modified by the revaluation of certain assets.

The financial statements are presented in pounds sterling.

The financial statements have been prepared on a going concern basis and make no allowance for any additional costs or losses that might arise if this were found to be inappropriate. Having regard to the company's future income stream, available financial facilities and support from major creditors,who are companies under common control, the directors are of the view that the company will be able to meet it's obligations as they fall due and that the going concern basis is entirely appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Investment property

Investment properties are carried at fair value determined annually by the directors, advised by external valuers as necessary, 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 and condition of the specific asset. No depreciation is provided. Changes in fair value are recognized in the Statement of Comprehensive Income.

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.

Taxation

Current corporation tax is provided at tax rates and laws applicable at balance sheet date.

Investments

Investments are carried at fair value determined annually by the financial services management company under normal share valuation methods. Changes in fair value are recognized in the Statement of Comprehensive Income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

653,391

Additions

17,551

Revaluations

24

At 31 March 2025

670,966

NET BOOK VALUE

At 31 March 2025

670,966

At 31 March 2024

653,391

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2025

670,966

The fixed asset investments represent a portfolio of quoted shares managed by a financial services management company and the value in the balance sheet represents the valuation at the balance sheet date. The portfolio is held in the name of one of the directors in trust for the company due to the administrative requirements of the financial services management company.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

4,176,365

NET BOOK VALUE

At 31 March 2025

4,176,365

At 31 March 2024

4,176,365

In the opinion of the directors the market value of freehold investment properties at the balance sheet date did not significantly differ from the amount at which they are stated in the accounts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,380

-

Other debtors

5,333

5,129

6,713

5,129

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to participating interests

2,937,500

3,032,002

Taxation and social security

65,545

55,136

Other creditors

847,818

906,017

3,850,863

3,993,155

Amounts owed to participating interests represents amounts owed to companies under common control.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

290,484

290,484

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

290,484

290,484

The company bankers hold fixed charges over certain freehold investment properties.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date and included in the accounts were liabilities of £847,217 and £2,937,500 due to a director and companies under common control respectively .

11.	ULTIMATE CONTROLLING PARTY

The controlling party is C Cummings.