Company No: 13632208 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Joanna Shall

REGISTERED OFFICE	45a Goldhawk Road
	London
	W12 8QP
	United Kingdom

COMPANY NUMBER

13632208 (England and Wales)

ACCOUNTANT	Praxis
	1 Fore Street Avenue
	London
	EC2Y 9DT

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Tangible assets	4	432,759		515,564
		432,759		515,564
Current assets
Debtors
- due within one year	5	102,511		120,125
- due after more than one year	5	50,000		50,000
Cash at bank and in hand	6	41,331		45,881
		193,842		216,006
Creditors: amounts falling due within one year	7	( 155,836)		( 148,803)
Net current assets		38,006		67,203
Total assets less current liabilities		470,765		582,767
Creditors: amounts falling due after more than one year	8	( 437,153)		( 689,653)
Net assets/(liabilities)		33,612		( 106,886)
Capital and reserves
Called-up share capital	10	125		125
Share premium account		199,975		199,975
Profit and loss account		( 166,488 )		( 306,986 )
Total shareholders' funds/(deficit)		33,612		( 106,886)

For the financial year ending 30 September 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 members have 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 Profit and Loss Account has not been delivered.

The financial statements of Two Hands Preschool Limited (registered number: 13632208) were approved and authorised for issue by the Director on 15 September 2026. They were signed on its behalf by:

Joanna Shall Director

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

Two Hands Preschool 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 45a Goldhawk Road, London, W12 8QP, 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 Balance Sheet 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.

Prior year adjustment

[Disclose the nature of the prior period adjustment, and (if practicable);
(i) for each prior period presented, the amount of the correction for each financial statement line item affected; and
(ii) the amount of the correction at the beginning of the earliest prior period presented; or an explanation if it is not practicable to disclose these amounts for (i) and (ii).]

Turnover

Turnover is recognised at the fair value of the consideration received or receivable in respect of preschool fees.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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:

Land and buildings	depreciated over the life of the lease
Plant and machinery etc.	4 - 5 years straight line

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.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Prior year adjustment

During the preparation of the annual financial statements an understatement of deferred income at 30 September 2024 was identified. Turnover and deferred income has been corrected in the prior year with the following impact on the Profit and loss account and Balance sheet:

		As previously reported		Adjustment		As restated
Year ended 30 September 2024		£		£		£
Turnover		621,254		(21,835)		599,419
Loss for the financial year		(73,402)		(21,835)		(95,237)
Net liabilities		(85,051)		(21,835)		(106,886)

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	15		12

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 October 2024	608,386		62,340		670,726
Additions	1,020		8,128		9,148
At 30 September 2025	609,406		70,468		679,874
Accumulated depreciation
At 01 October 2024	138,886		16,276		155,162
Charge for the financial year	80,729		11,224		91,953
At 30 September 2025	219,615		27,500		247,115
Net book value
At 30 September 2025	389,791		42,968		432,759
At 30 September 2024	469,500		46,064		515,564

5. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Deferred tax asset	47,868		87,656
Other debtors	54,643		32,469
	102,511		120,125
Debtors: amounts falling due after more than one year
Other debtors	50,000		50,000

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	41,331		45,881

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	3,979		4,907
Other taxation and social security	12,630		453
Other creditors	139,227		143,443
	155,836		148,803

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	437,153		689,653

There are no amounts included above in respect of which any security has been given by the small entity.

9. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	87,656		55,000
(Charged)/credited to the Profit and Loss Account	( 39,788)		32,656
At the end of financial year	47,868		87,656

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
90 Ordinary A shares of £ 1.00 each	90		90
10 Ordinary B shares of £ 1.00 each	10		10
25 Ordinary C shares of £ 1.00 each	25		25
	125		125

11. Financial commitments

Commitments

	2025		2024
	£		£
Total future minimum lease payments under non-cancellable operating leases	354,283		472,378

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2025		2024
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	1,497		1,142

12. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Loan from the director	437,153		689,653

The loan from the director is interest free and unsecured. Net repayments during the year totalled £252,500 (2024: £ 3,258).