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REGISTERED NUMBER: SC717422 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Two23 Ltd

| Two23 Ltd (Registered number: SC717422) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Chartered Accountants' Report | 6 |

| Two23 Ltd |

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | P Archer

| REGISTERED OFFICE: | 22 Backbrae Street

| Kilsyth

| Glasgow

| G65 0NH

| REGISTERED NUMBER: | SC717422 (Scotland)

| ACCOUNTANTS: | Sharles Ltd

| Chartered Accountants

| 29 Brandon Street

| Hamilton

| ML3 6DA

| Two23 Ltd (Registered number: SC717422) |

Balance Sheet

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 1,897 |  | 1,224 |  |

CURRENT ASSETS

Debtors | 6 | 193,567 |  | 66,515 |  |

Cash at bank and in hand | 10,073 |  | 52,390 |  |

203,640 |  | 118,905 |  |

CREDITORS

Amounts falling due within one year | 7 | 201,622 |  | 119,453 |  |

NET CURRENT ASSETS/(LIABILITIES) | 2,018 |  | (548 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,915 |  | 676 |  |

PROVISIONS FOR LIABILITIES | 360 |  | - |  |

NET ASSETS | 3,555 |  | 676 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 3,553 |  | 674 |  |

3,555 |  | 676 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 February 2026 and were signed by:

P Archer - Director

| Two23 Ltd (Registered number: SC717422) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Two23 Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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. There were no material departures from that standard.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is derived from the kitchen fitting service supplied by the company.

| Turnover is measured at the fair value of the service supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

| Tangible fixed assets

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

| Plant and machinery etc | - | 25% on cost

| Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment loss.

| At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

| 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.

| Two23 Ltd (Registered number: SC717422) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024 | 1,335 |  |

| Additions | 1,272 |  |

| At 31 December 2024 | 2,607 |  |

| DEPRECIATION

| At 1 January 2024 | 111 |  |

| Charge for year | 599 |  |

| At 31 December 2024 | 710 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,897 |  |

| At 31 December 2023 | 1,224 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 106,023 |  | 7,867 |  |

| Other debtors | 87,544 |  | 58,648 |  |

193,567 |  | 66,515 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 7,833 |  | - |  |

| Trade creditors | 71,596 |  | 43,896 |  |

| Taxation and social security | 42,477 |  | 28,714 |  |

| Other creditors | 79,716 |  | 46,843 |  |

201,622 |  | 119,453 |  |

| Two23 Ltd (Registered number: SC717422) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

8. | RELATED PARTY DISCLOSURES

| The company operates a loan account with the director, P Archer.

| During the year, the director advanced loans totalling £86 to the company. At the year end, the balance due to the director was £86 (2023: £NIL). This loan is unsecured, interest free and has no fixed repayment terms.

| Highline Homes (Strathblane) Ltd

| A company for which P Archer is the director.

| During the year, Two23 Ltd advanced loans of £25,785 to Highline Homes (Strathblane) Ltd. At the year end, the balance due to Highline Homes (Strathblane) Ltd was £84,318 (2023: £58,533).

| Highline Homes Ltd

| A company for which P Archer is the director.

| During the year, Highline Homes Ltd advanced loans of £23,974 to Two23 Ltd. At the year end, the balance due to Highline Homes Ltd was £58,137 (2023: £34,163).

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

Two23 Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Two23 Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Two23 Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Two23 Ltd and state those matters that we have agreed to state to the director of Two23 Ltd in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Two23 Ltd 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 profit of Two23 Ltd. You consider that Two23 Ltd 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 Two23 Ltd. 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.

Sharles Ltd

Chartered Accountants

29 Brandon Street

Hamilton

ML3 6DA

3 February 2026