TwentyCI Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03946301 (England and Wales)

Financial Statements

for the Year Ended 31 December 2018

for

TWENTYCI HOLDINGS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G D Newton

Mr I M Lancaster

REGISTERED OFFICE:

8 Whittle Court

Knowlhill

Milton Keynes

MK5 8FT

REGISTERED NUMBER:

03946301 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Investments

4

555,652

555,652

CURRENT ASSETS

Debtors

1,149,081

769,888

Cash at bank

2,716

2,716

1,151,797

772,604

CREDITORS

Amounts falling due within one year

1,773,693

1,325,540

NET CURRENT LIABILITIES

(621,896

)

(552,936

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(66,244

)

2,716

CAPITAL AND RESERVES

Called up share capital

2,369

2,369

Share premium

320,931

320,931

Capital redemption reserve

285,344

285,344

Retained earnings

(674,888

)

(605,928

)

SHAREHOLDERS' FUNDS

(66,244

)

2,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 30 September 2019 and were signed on its behalf by:

Mr G D Newton - Director

1.	STATUTORY INFORMATION

TwentyCI Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting

Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of

Ireland', not to disclose related party transactions with wholly owned subsidiaries within the

group.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2018

and 31 December 2018

555,652

NET BOOK VALUE

At 31 December 2018

555,652

At 31 December 2017

555,652

5.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed and owed to the following amounts by

companies under the common directorship:

Company

31.12.18

31.12.17

View My Chain Limited

1,149,081

769,888

Property Network Media Limited

(177,870

)

(108,910

)

TwentyCi Limited

(1,595,823

)

(1,216,630

)

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr I M Lancaster.