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Registered number: 13042899
TWENTY-NINE HOLDINGS LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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TWENTY-NINE HOLDINGS LTD
REGISTERED NUMBER: 13042899
BALANCE SHEET
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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1
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TWENTY-NINE HOLDINGS LTD
REGISTERED NUMBER: 13042899
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the director and were signed on its behalf on 15 October 2026.
The notes on pages 3 to 6 form part of these financial statements.
2
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TWENTY-NINE HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Twenty-Nine Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13042899. Post year end date, the company changed its registered office address from Thameside House, Hurst Road, East Molesey, KT8 9AY to Hornbeam House, 81 Bridge Road, East Molesey, KT8 9HH.
The company is a property investment company. Properties are acquired and held for investment purposes.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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Functional and presentation currency
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The company's functional and presentation currency is pound sterling.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover represents rental income from the investment properties and originates wholly from the United Kingdom.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
3
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TWENTY-NINE HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, such as other creditors and loans with related parties.
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The average monthly number of employees, including the director, during the year was 1 (2024 - 1).
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The 2025 valuations were made by the director, on an open market value basis.
4
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TWENTY-NINE HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Creditors: amounts falling due within one year
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Creditors: amounts falling due after more than one year
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As at the balance sheet date the loan figure is comprised of two mortgages.
The first mortgage is repayable in monthly instalments over 30 years. Interest is being charged at a rate of 2.95%.
The second mortgage is repayable in monthly instalments over 25 years. Interest is being charged at a rate of 2.69%.
The mortgages are secured by legal charges over the investment properties owned by the company. The charges are registered at Companies House and contains negative pledges.
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Allotted, called up and fully paid
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1 (2024 - 1) ordinary share of £1.00
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5
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TWENTY-NINE HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
During the year, the director identified an error in the prior year's financial statements relating to the calculation and presentation of bank loans interest payable.
The error has been corrected by restating the comparative figures. The effect of the adjustment was to reduce the interest costs by £7,208, decrease the creditors falling due within one year by £7,455 and increase the creditors falling due after more than one year by £247.
The adjustment has resulted in an increase in profit and loss account reserves at 1 January 2025 of £7,208.
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Transactions with the director
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As at the year end, the company owed £1,037,549 (2024 - £1,054,836) to the director. The loan is unsecured, interest free and repayable on demand.
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