Registration number: 09901969

Twin Plus One Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 7

Twin Plus One Limited

(Registration number: 09901969)
Abridged Balance Sheet as at 31 December 2025

	Note	2025 €	2024 €
Fixed assets
Intangible assets	4	9,398	13,197
Tangible assets	5	1,457	1,722
		10,855	14,919
Current assets
Debtors		384	11,733
Cash at bank and in hand		11,937	5,679
		12,321	17,412
Prepayments and accrued income		-	4,034
Creditors: Amounts falling due within one year		(53)	(126)
Net current assets		12,268	21,320
Total assets less current liabilities		23,123	36,239
Creditors: Amounts falling due after more than one year		(62,174)	(67,174)
Accruals and deferred income		(1,700)	(1,953)
Net liabilities		(40,751)	(32,888)
Capital and reserves
Called up share capital	6	2	2
Retained earnings		(40,753)	(32,890)
Shareholders' deficit		(40,751)	(32,888)

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 April 2026 and signed on its behalf by:
 

Twin Plus One Limited

(Registration number: 09901969)
Abridged Balance Sheet as at 31 December 2025

......................................... Saveria Veronica Ciani Director

Twin Plus One Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
75-77 Brook Street
London
W1K 4HX

These financial statements were authorised for issue by the Board on 21 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The functional and presentational currency is Euro (€).

Going concern

The directors have prepared the financial statements on the going concern basis. Although the company incurred a loss of €7,863 during the year ended 31 December 2025 and had net liabilities of €40,751 at that date, the directors have reviewed cash flow forecasts for a period of at least twelve months from the date of approval of these financial statements and are satisfied that the company will have access to sufficient financial resources to continue in operational existence for that period. Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Twin Plus One Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Various Device	10% on straight line basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website	20% on straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Twin Plus One Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Twin Plus One Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

4	Intangible assets

	Total €
Cost or valuation
At 1 January 2025	18,996
At 31 December 2025	18,996
Amortisation
At 1 January 2025	5,799
Amortisation charge	3,799
At 31 December 2025	9,598
Carrying amount
At 31 December 2025	9,398
At 31 December 2024	13,197

5	Tangible assets

	Fixtures and fittings €	Total €
Cost or valuation
At 1 January 2025	2,650	2,650
At 31 December 2025	2,650	2,650
Depreciation
At 1 January 2025	928	928
Charge for the year	265	265
At 31 December 2025	1,193	1,193
Carrying amount
At 31 December 2025	1,457	1,457
At 31 December 2024	1,722	1,722

Twin Plus One Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2025

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	€	No.	€
Ordinary shares of €1 each	2	2	2	2