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Company No: 08590410 (England and Wales)

# TWENTY RETAIL LIMITED

### Unaudited Financial Statements
For the financial year ended 31 July 2025
Pages for filing with the registrar

TWENTY RETAIL LIMITED

## Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

TWENTY RETAIL LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 July 2025
TWENTY RETAIL LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 135,191 |  | 165,191
Tangible assets | 4 | 235 |  | 293
|  | 135,426 |  | 165,484
Current assets |  |  |  |
Debtors | 5 | 98,628 |  | 0
Cash at bank and in hand | 6 | 13,443 |  | 0
|  | 112,071 |  | 0
Creditors: amounts falling due within one year | 7 | ( 809,969) |  | ( 759,800)
Net current liabilities |  | (697,898) |  | (759,800)
Total assets less current liabilities |  | (562,472) |  | (594,316)
Net liabilities |  | ( 562,472) |  | ( 594,316)
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Profit and loss account |  | ( 562,572 ) |  | ( 594,416 )
Total shareholder's deficit |  | ( 562,472) |  | ( 594,316)

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Twenty Retail Limited (registered number: 08590410) were approved and authorised for issue by the Director. They were signed on its behalf by:

Richard Wassell Director |

09 March 2026

TWENTY RETAIL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
TWENTY RETAIL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Twenty Retail Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 - 20 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment | 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including the director | 1 |  | 1

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 August 2024 | 1,103,192 |  | 1,103,192
At 31 July 2025 | 1,103,192 |  | 1,103,192
Accumulated amortisation |  |  |
At 01 August 2024 | 938,001 |  | 938,001
Charge for the financial year | 30,000 |  | 30,000
At 31 July 2025 | 968,001 |  | 968,001
Net book value |  |  |
At 31 July 2025 | 135,191 |  | 135,191
At 31 July 2024 | 165,191 |  | 165,191

#### 4. Tangible assets

| Office equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 August 2024 | 36,617 |  | 36,617
At 31 July 2025 | 36,617 |  | 36,617
Accumulated depreciation |  |  |
At 01 August 2024 | 36,324 |  | 36,324
Charge for the financial year | 58 |  | 58
At 31 July 2025 | 36,382 |  | 36,382
Net book value |  |  |
At 31 July 2025 | 235 |  | 235
At 31 July 2024 | 293 |  | 293

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 98,628 |  | 0

#### 6. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 13,443 |  | 0
Less: Bank overdrafts | 0 |  | ( 212)
| 13,443 |  | (212)

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank overdrafts | 0 |  | 212
Trade creditors | 16,707 |  | 19,404
Other taxation and social security | 18,530 |  | 12,077
Other creditors | 774,732 |  | 728,107
| 809,969 |  | 759,800

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 9. Related party transactions

Included within other creditors is a balance of £765,354 (2024: £723,107) owed to the director. This balance is repayable on demand, is unsecured and interest free.