REGISTERED NUMBER: 09818481 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Twelveten Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

P E Barrett

Mrs K C Barrett

REGISTERED OFFICE:

Folly Farm

Tewkesbury Road

Coombe Hill

Gloucester

GL19 4AN

REGISTERED NUMBER:

09818481 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

National Westminster Bank Plc

31 The Promenade

Cheltenham

GL50 1EH

FIXED ASSETS

Tangible assets

4

19,817

8,899

CURRENT ASSETS

Debtors

5

46,530

70,537

Cash at bank

70,899

83,939

117,429

154,476

CREDITORS

Amounts falling due within one year

6

15,349

32,050

NET CURRENT ASSETS

102,080

122,426

TOTAL ASSETS LESS CURRENT LIABILITIES

121,897

131,325

PROVISIONS FOR LIABILITIES

3,410

1,477

NET ASSETS

118,487

129,848

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

118,477

129,838

SHAREHOLDERS' FUNDS

118,487

129,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

P E Barrett - Director

1.	STATUTORY INFORMATION

Twelveten Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Office

property

machinery

equipment

Totals

£

£

£

£

Cost

At 1 April 2025

3,120

11,459

-

14,579

Additions

-

17,046

166

17,212

At 31 March 2026

3,120

28,505

166

31,791

Depreciation

At 1 April 2025

936

4,744

-

5,680

Charge for year

312

5,941

41

6,294

At 31 March 2026

1,248

10,685

41

11,974

Net book value

At 31 March 2026

1,872

17,820

125

19,817

At 31 March 2025

2,184

6,715

-

8,899

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade debtors

27,606

42,646

Other debtors

18,924

27,891

46,530

70,537

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Taxation and social security

14,329

31,106

Other creditors

1,020

944

15,349

32,050

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/3/26

31/3/25

£

£

Within one year

4,416

4,415

Between one and five years

368

4,784

4,784

9,199

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31/3/26

31/3/25

£

£

P E Barrett and Mrs K C Barrett

Balance outstanding at start of year

27,891

34,576

Amounts advanced

35,122

45,950

Amounts repaid

(44,089

)

(52,635

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,924

27,891

During the year ended 31 March 2026 a loan was advanced to the directors P Barrett & Mrs K Barrett. This loan was repaid in full within 9 months of the year end and interest has been charged at HMRCs official rate of interest on balances over £10,000. Interest charged in the 2026 accounts was £420 (2025 - £614).