| Twenty 20 Capital Ltd |
|
| Registered number: |
11455082 |
|
| Balance Sheet |
|
| As at 31 March 2020 |
|
|
Notes |
|
|
2020 |
|
|
2019 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
700,000 |
|
|
700,000 |
|
| Current assets |
| Debtors |
4 |
|
355,120 |
|
|
660,000 |
| Cash at bank and in hand |
|
|
2,921,618 |
|
|
264,917 |
|
|
|
|
|
|
|
|
|
|
|
3,276,738 |
|
|
924,917 |
|
| Creditors: amounts falling due within one year |
5 |
|
(3,131,809) |
|
|
(1,412,659) |
|
|
|
|
|
|
|
|
| Net current assets/(liabilities) |
|
|
|
144,929 |
|
|
(487,742) |
|
|
|
|
|
|
|
|
|
| Net assets |
|
|
|
844,929 |
|
|
212,258 |
|
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
844,928 |
|
|
212,257 |
|
|
|
|
|
|
|
|
|
| Shareholders' funds |
|
|
|
844,929 |
|
|
212,258 |
|
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Tristan Ramus |
| Director |
| Approved by the board on 26 February 2021 |
|
| Twenty 20 Capital Ltd |
|
| Notes to the Accounts |
|
| for the period from 1 August 2019 to 31 March 2020 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2020 |
|
2019 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 August 2019 |
700,000 |
|
|
|
|
|
|
|
|
|
|
|
At 31 March 2020 |
700,000 |
|
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 August 2019 |
700,000 |
|
|
|
|
|
|
|
|
|
|
|
At 31 March 2020 |
700,000 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2020 |
|
2019 |
| £ |
£ |
|
|
Other debtors |
355,120 |
|
660,000 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2020 |
|
2019 |
| £ |
£ |
|
|
Taxation and social security costs |
121,343 |
|
101,020 |
|
Other creditors |
3,010,466 |
|
1,311,639 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,131,809 |
|
1,412,659 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
In September 2018 Tristan Ramus, the director and shareholder, assigned £650,000 of Health Care Resourcing Group Ltd Loan Notes 2017 to the company. These loan notes were repaid in full during the period. |
|
|
The company is owed £291,420 (2019 - £10,000) by Consulcio Ltd, a company under common control. This loan is interest-free and repayable on demand. It is included in other debtors in these accounts. |
|
|
The company is owed £22,427 (2019 - £Nil) by Twenty 20 Capital Bidco 1 Ltd, a company under common control. This loan is interest-free and repayable on demand. It is included in other debtors in these accounts. |
|
|
The company is owed £5,000 (2019 - £Nil) by Natalie Reid, the director and shareholder's sister. This loan is interest-free and repayable on demand and included in other debtors in these accounts. |
|
|
The company owes Tristan Ramus, director and shareholder, £2,248,398 (2019 - £1,160,374) at the balance sheet date. This amount is interest-free and repayable on demand. It is included in other creditors falling due within one year in these accounts. |
|
|
The company is owed £36,273 by Health Care Resourcing Group Ltd, a company in which it owns shares at the balance sheet date. This loan is interest-free and repayable on demand. It is included in other debtors in these accounts. |
|
|
| 7 |
Controlling party |
|
|
The company is controlled by Tristan Ramus, the director and shareholder. |
|
|
| 8 |
Other information |
|
|
Twenty 20 Capital Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
33 Soho Square |
|
London |
|
W1D 3QU |
