Company No: 12852819 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.09.2021
		£
Fixed assets
Investment property	3	615,497
		615,497
Current assets
Debtors	4	1,341
Cash at bank and in hand		8,058
		9,399
Creditors
Amounts falling due within one year	5	( 654,054)
Net current liabilities		(644,655)
Total assets less current liabilities		(29,158)
Net liabilities		( 29,158)
Capital and reserves
Called-up share capital	6	2
Profit and loss account		( 29,160 )
Total shareholder's deficit		( 29,158)

For the financial period ending 30 September 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Twynham Property Investments Limited (registered number: 12852819) were approved and authorised for issue by the Board of Directors on 29 May 2022. They were signed on its behalf by:

J G Muldoon Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Twynham Property Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 16 Carbery Avenue, Bournemouth, BH6 3LF, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue is from rental income received.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	Period from 02.09.2020 to 30.09.2021
	Number
Monthly average number of persons employed by the Company during the period, including directors	2

3. Investment property

	Investment property
	£
Valuation
As at 02 September 2020	0
Additions	615,497
As at 30 September 2021	615,497

Investment properties are held at historic cost.

4. Debtors

	30.09.2021
	£
Amounts owed by Group undertakings	2
Other debtors	1,339
	1,341

5. Creditors: amounts falling due within one year

	30.09.2021
	£
Amounts owed to Group undertakings	652,621
Other creditors	1,433
	654,054

6. Called-up share capital

	30.09.2021
	£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2

7. Ultimate controlling party

Parent Company:

Twynham Investment Holdings Limited

16 Carbery Avenue, Bournemouth, England, BH6 3LF