Caseware UK (AP4) 2024.0.164 2024.0.164 2025-07-31 2025-07-31 2024-08-01 false property investment 1 1 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03220955 2024-08-01 2025-07-31 03220955 2023-08-01 2024-07-31 03220955 2025-07-31 03220955 2024-07-31 03220955 2023-08-01 03220955 2 2024-08-01 2025-07-31 03220955 2 2023-08-01 2024-07-31 03220955 3 2024-08-01 2025-07-31 03220955 3 2023-08-01 2024-07-31 03220955 d:Director1 2024-08-01 2025-07-31 03220955 e:FurnitureFittings 2024-08-01 2025-07-31 03220955 e:FurnitureFittings 2025-07-31 03220955 e:FurnitureFittings 2024-07-31 03220955 e:OfficeEquipment 2024-08-01 2025-07-31 03220955 e:OfficeEquipment 2025-07-31 03220955 e:OfficeEquipment 2024-07-31 03220955 e:FreeholdInvestmentProperty 2025-07-31 03220955 e:FreeholdInvestmentProperty 2024-07-31 03220955 e:FreeholdInvestmentProperty 2 2024-08-01 2025-07-31 03220955 e:CurrentFinancialInstruments 2025-07-31 03220955 e:CurrentFinancialInstruments 2024-07-31 03220955 e:Non-currentFinancialInstruments 2025-07-31 03220955 e:Non-currentFinancialInstruments 2024-07-31 03220955 e:CurrentFinancialInstruments e:WithinOneYear 2025-07-31 03220955 e:CurrentFinancialInstruments e:WithinOneYear 2024-07-31 03220955 e:Non-currentFinancialInstruments e:AfterOneYear 2025-07-31 03220955 e:Non-currentFinancialInstruments e:AfterOneYear 2024-07-31 03220955 e:ShareCapital 2024-08-01 2025-07-31 03220955 e:ShareCapital 2025-07-31 03220955 e:ShareCapital 2023-08-01 2024-07-31 03220955 e:ShareCapital 2024-07-31 03220955 e:ShareCapital 2023-08-01 03220955 e:SharePremium 2024-08-01 2025-07-31 03220955 e:SharePremium 2025-07-31 03220955 e:SharePremium 2 2024-08-01 2025-07-31 03220955 e:SharePremium 3 2024-08-01 2025-07-31 03220955 e:SharePremium 2023-08-01 2024-07-31 03220955 e:SharePremium 2024-07-31 03220955 e:SharePremium 2023-08-01 03220955 e:SharePremium 2 2023-08-01 2024-07-31 03220955 e:SharePremium 3 2023-08-01 2024-07-31 03220955 e:RevaluationReserve 2024-08-01 2025-07-31 03220955 e:RevaluationReserve 2025-07-31 03220955 e:RevaluationReserve 2 2024-08-01 2025-07-31 03220955 e:RevaluationReserve 3 2024-08-01 2025-07-31 03220955 e:RevaluationReserve 2023-08-01 2024-07-31 03220955 e:RevaluationReserve 2024-07-31 03220955 e:RevaluationReserve 2023-08-01 03220955 e:RevaluationReserve 2 2023-08-01 2024-07-31 03220955 e:RevaluationReserve 3 2023-08-01 2024-07-31 03220955 e:OtherMiscellaneousReserve 2024-08-01 2025-07-31 03220955 e:OtherMiscellaneousReserve 2025-07-31 03220955 e:OtherMiscellaneousReserve 2 2024-08-01 2025-07-31 03220955 e:OtherMiscellaneousReserve 3 2024-08-01 2025-07-31 03220955 e:OtherMiscellaneousReserve 2023-08-01 2024-07-31 03220955 e:OtherMiscellaneousReserve 2024-07-31 03220955 e:OtherMiscellaneousReserve 2023-08-01 03220955 e:OtherMiscellaneousReserve 2 2023-08-01 2024-07-31 03220955 e:OtherMiscellaneousReserve 3 2023-08-01 2024-07-31 03220955 e:RetainedEarningsAccumulatedLosses 2024-08-01 2025-07-31 03220955 e:RetainedEarningsAccumulatedLosses 2025-07-31 03220955 e:RetainedEarningsAccumulatedLosses 2 2024-08-01 2025-07-31 03220955 e:RetainedEarningsAccumulatedLosses 3 2024-08-01 2025-07-31 03220955 e:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 03220955 e:RetainedEarningsAccumulatedLosses 2024-07-31 03220955 e:RetainedEarningsAccumulatedLosses 2023-08-01 03220955 e:RetainedEarningsAccumulatedLosses 2 2023-08-01 2024-07-31 03220955 e:RetainedEarningsAccumulatedLosses 3 2023-08-01 2024-07-31 03220955 d:FRS102 2024-08-01 2025-07-31 03220955 d:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 03220955 d:FullAccounts 2024-08-01 2025-07-31 03220955 d:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 03220955 2 2024-08-01 2025-07-31 03220955 e:ShareCapital 2 2024-08-01 2025-07-31 03220955 e:ShareCapital 3 2024-08-01 2025-07-31 03220955 e:ShareCapital 2 2023-08-01 2024-07-31 03220955 e:ShareCapital 3 2023-08-01 2024-07-31 03220955 e:OtherDeferredTax 2025-07-31 03220955 e:OtherDeferredTax 2024-07-31 03220955 f:PoundSterling 2024-08-01 2025-07-31 iso4217:GBP xbrli:pure

Registered number: 03220955 TWINFORCE LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JULY 2025
TWINFORCE LIMITED REGISTERED NUMBER: 03220955 BALANCE SHEET AS AT 31 JULY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 5 |  | 2,328,546 |  | 2,388,546
|  |  | 2,328,546 |  | 2,388,546
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 748 |  | 764 |
Cash at bank and in hand | 7 | 188,709 |  | 160,062 |
|  | 189,457 |  | 160,826 |
Creditors: amounts falling due within one year | 8 | (1,405,559) |  | (1,404,772) |
Net current liabilities |  |  | (1,216,102) |  | (1,243,946)
Total assets less current liabilities |  |  | 1,112,444 |  | 1,144,600
Creditors: amounts falling due after more than one year | 9 |  | (60,000) |  | (60,000)
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 | (109,825) |  | (124,825) |
|  |  | (109,825) |  | (124,825)
Net assets |  |  | 942,619 |  | 959,775
Page 1
TWINFORCE LIMITED REGISTERED NUMBER: 03220955 BALANCE SHEET (CONTINUED) AS AT 31 JULY 2025
|  | 2025 |  | 2024
|  | £ |  | £
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2,322 |  | 2,322
Share premium account |  |  | 495,000 |  | 495,000
Revaluation reserve |  |  | 498,295 |  | 543,295
Other reserves |  |  | 2,680 |  | 2,680
Profit and loss account |  |  | (55,678) |  | (83,522)
|  |  | 942,619 |  | 959,775
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 year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges her 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 comprehensive income 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 18 February 2026.
Lynne Southgate
Director
The notes on pages 4 to 11 form part of these financial statements. Page 2

|  | TWINFORCE LIMITED |
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 JULY 2025
|  | Called up share capital | Share premium account | Other property reserve | Other reserves | Profit and loss account | Total equity
|  | £ | £ | £ | £ | £ | £
| At 1 August 2023 | 2,322 | 495,000 | 532,753 | 2,680 | (103,847) | 928,908
| Comprehensive income for the year |  |  |  |  |  |
| Profit for the year | - | - | - | - | 30,867 | 30,867
| Total comprehensive income for the year | - | - | - | - | 30,867 | 30,867
| Fair value gain on investment property revaluation | - | - | 50,000 | - | (50,000) | -
| Deferred tax on fair value gain | - | - | (39,458) | - | 39,458 | -
| At 1 August 2024 | 2,322 | 495,000 | 543,295 | 2,680 | (83,522) | 959,775
| Comprehensive income for the year |  |  |  |  |  |
| Loss for the year | - | - | - | - | (17,156) | (17,156)
| Total comprehensive income for the year | - | - | - | - | (17,156) | (17,156)
| Fair value loss on investment property revaluation | - | - | (60,000) | - | 60,000 | -
| Deferred tax on fair value loss | - | - | 15,000 | - | (15,000) | -
| At 31 July 2025 | 2,322 | 495,000 | 498,295 | 2,680 | (55,678) | 942,619
| The notes on pages 4 to 11 form part of these financial statements.
Page 3

TWINFORCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
1. | General information
Twinforce Limited is a private company limited by share capital, incorporated in England and Wales, registration number 03220955. The address of the registered office is 14th Floor, 33 Cavendish Square, London W1G 0PW. 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 | 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: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 4
TWINFORCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.4 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 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:
|  |  |  | Fixtures and fittings | - | 20% |
|  |  |  | Office equipment | - | 20% |
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. Page 5
TWINFORCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 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.
| 2.10 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.11 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are Page 6
TWINFORCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.11 | Financial instruments (continued)
subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary Page 7
TWINFORCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 2.Accounting policies (continued)
| 2.11 | Financial instruments (continued)
course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
Page 8
TWINFORCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
4. | Tangible fixed assets
|  | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 August 2024 | 1,793 | 834 | 2,627
| At 31 July 2025 | 1,793 | 834 | 2,627
| Depreciation |  |  |
| At 1 August 2024 | 1,793 | 834 | 2,627
| At 31 July 2025 | 1,793 | 834 | 2,627
| Net book value |  |  |
| At 31 July 2025 | - | - | -
| At 31 July 2024 | - | - | -
5. | Investment property
|  | £
| Valuation |
| At 1 August 2024 | 2,388,546
| Surplus on revaluation | (60,000)
| At 31 July 2025 | 2,328,546
The 2025 valuations were made by Beresfords, on an open market value for existing use basis.
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 1,720,426 | 1,720,426
|  | 1,720,426 | 1,720,426
Page 9
TWINFORCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 643 | 659
| Prepayments and accrued income | 105 | 105
|  | 748 | 764
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank | 188,709 | 160,062
|  | 188,709 | 160,062
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax | 6,531 | 4,789
| Other creditors | 1,393,116 | 1,395,116
| Accruals and deferred income | 5,912 | 4,867
|  | 1,405,559 | 1,404,772
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 60,000 | 60,000
|  | 60,000 | 60,000
Page 10
TWINFORCE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
10. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (124,825) | (85,367)
| Released/(charged) to profit or loss | 15,000 | (39,458)
| At end of year | (109,825) | (124,825)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Revaluation of investment properties | (109,825) | (124,825)
|  | (109,825) | (124,825)
11. | Related party transactions
| Included in Other creditors, is an amount of £1,325,510 (2024: £1,327,510) due to the director. This amount is interest free and repayable on demand. Also included in Other creditors, is an amount of £60,000 (2024: £60,000) due to the director. Interest is payable annually at bank rate plus 3.5% (2024: 3.5%). Interest of £4,883 (2024:£5,249) was waived during the year.
Page 11