ACCOUNTS - Final Accounts preparation

Registered number: 15678545

TWIST (172 EDMUND) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2025

TWIST (172 EDMUND) LIMITED

REGISTERED NUMBER: 15678545

BALANCE SHEET

AS AT 30 APRIL 2025

		2025
Note		£

Fixed assets
Tangible assets	4		79,302
Investment property	5		2,828,620
			2,907,922
Current assets
Debtors: amounts falling due within one year	6	128,389
Cash at bank and in hand		5,204
		133,593
Creditors: amounts falling due within one year	7	(3,140,108)
Net current (liabilities)/assets			(3,006,515)
Total assets less current liabilities			(98,593)

Net (liabilities)/assets			(98,593)

Capital and reserves
Called up share capital	8	100
Profit and loss account		(98,693)
		(98,593)

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TWIST (172 EDMUND) LIMITED

REGISTERED NUMBER: 15678545

BALANCE SHEET (CONTINUED)

AS AT 30 APRIL 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 January 2026.

N Nathwani

Director

The notes on pages 3 to 6 form part of these financial statements.

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TWIST (172 EDMUND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2025

1.	General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 15678545. The Company's registered office is 21 Wainwright Street, Aston, Birmingham, B6 5TH.
The company was incorporated on 25 April 2024. The accounts cover the period from incorporation to 30 April 2025.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

During the period the company incurred losses as the property was refurbished which has resulted in net liabilities as at the balance sheet date. The main creditors of the company are the directors who will continue to support the company and therefore the directors have deemed it appropriate to prepared the accounts on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental of property and recharges
Turnover from the rental of property and recharges is recognised when all the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the Company will receive consideration due for the rental of properties / services used;
- the period of rent / services can be measured reliably; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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TWIST (172 EDMUND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Furniture, fixtures and fittings

10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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TWIST (172 EDMUND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2025

Employees

The average monthly number of employees, including directors, during the period was 1.

4.	Tangible fixed assets

		Furniture, fixtures and fittings
		£
	Cost or valuation
	Additions	79,302
	At 30 April 2025	79,302

	Net book value
	At 30 April 2025	79,302

5.	Investment property

		Freehold investment property
		£
	Valuation
	Additions at cost	2,828,620
	At 30 April 2025	2,828,620

The 2025 valuations were made by the directors, on an open market value for existing use basis.

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TWIST (172 EDMUND) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2025

Debtors

					2025
					£


	Other debtors	41,955
	Prepayments and accrued income	86,434
		128,389

7.	Creditors: Amounts falling due within one year
		2025
		£

	Trade creditors	76,972
	Other creditors	3,042,413
	Accruals and deferred income	20,723
		3,140,108

8.	Share capital
		2025
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £1.00 each	100

100 Ordinary shares of £1.00 each were allotted on incorporation at par value.

9.	Related party transactions
	During the period the company received loans from the shareholders. As at 30 April 2025 amounts of £3,042,413 was owed to shareholders. Loans are interest free and repayable on demand.

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