Two IP Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 08488598

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	6		189		693

			189		693
CURRENT ASSETS
Stocks	7	270		3,939
Debtors	8	89,225		59,324
Cash at bank and in hand		56,260		63,084

		145,755		126,347
Creditors: Amounts Falling Due Within One Year	9	(28,071 )		(14,047 )

NET CURRENT ASSETS (LIABILITIES)			117,684		112,300

TOTAL ASSETS LESS CURRENT LIABILITIES			117,873		112,993

Creditors: Amounts Falling Due After More Than One Year	10		-		(1,667 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(47 )		(173 )

NET ASSETS			117,826		111,153

CAPITAL AND RESERVES
Called up share capital	11		100		100
Income Statement			117,726		111,053

SHAREHOLDERS' FUNDS			117,826		111,153

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Two IP Limited

Statement of Financial Position (continued)

As At 30 April 2026

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Dr A Molony

Director

8 October 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Two IP Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08488598 . The registered office is 3 & 4 Pegasus House, Pegasus Court, Olympus Avenue, Warwick, Warwickshire, CV34 6LW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

The computer software is being written off over it's useful economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% on reducing balance
Computer Equipment	33% on cost

2.5. Stocks and Work in Progress

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

2.8. Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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Two IP Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tax on Profit

	2026	2025
	£	£
Current tax
UK Corporation Tax	8,418	2,719
Prior period adjustment	(127 )	-

	8,291	2,719
Deferred Tax
Deferred taxation	(126 )	(126 )


Total tax charge for the period	8,165	2,593

	2026	2025
	£	£
Profit before tax	38,338	13,634

Breakdown of tax charge is:
Tax on profit at 21.7% (UK standard rate)	8,308	2,590
Goodwill/depreciation not allowed for tax	75	96
Expenses not deductible for tax purposes	-	33
Capital allowances	35	-

Total tax charge for the period	8,418	2,719

5. Intangible Assets

	Other
	£
Cost
As at 1 May 2025	1,525

As at 30 April 2026	1,525

Amortisation
As at 1 May 2025	1,525

As at 30 April 2026	1,525

Net Book Value
As at 30 April 2026	-

As at 1 May 2025	-

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Two IP Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

6. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 May 2025	887	15,137	16,024
Disposals	-	(625 )	(625 )

As at 30 April 2026	887	14,512	15,399

Depreciation
As at 1 May 2025	778	14,553	15,331
Provided during the period	53	295	348
Disposals	-	(469 )	(469 )

As at 30 April 2026	831	14,379	15,210

Net Book Value
As at 30 April 2026	56	133	189

As at 1 May 2025	109	584	693

7. Stocks

	2026	2025
	£	£
Work in progress	270	3,939

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	37,970	9,654
Amounts owed by group undertakings	47,207	47,207
Other debtors	4,048	2,463

	89,225	59,324

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	15,463	5,551
Bank loans and overdrafts	1,667	4,000
Other creditors	2,416	1,665
Taxation and social security	8,525	2,831

	28,071	14,047

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	-	1,667

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Two IP Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

12. Ultimate Controlling Party

The company's ultimate controlling party is the director.

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