| Two-O-One Limited |
| Registered number: |
03815426 |
| Balance Sheet |
| as at 31 July 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
2,342 |
|
|
2,443 |
| Investments |
4 |
|
|
178,760 |
|
|
125,000 |
|
|
|
|
181,102 |
|
|
127,443 |
|
| Current assets |
| Debtors |
5 |
|
5,010 |
|
|
3,292 |
| Cash at bank and in hand |
|
|
38,729 |
|
|
89,219 |
|
|
|
43,739 |
|
|
92,511 |
|
| Creditors: amounts falling due within one year |
7 |
|
(13,356) |
|
|
(13,400) |
|
| Net current assets |
|
|
|
30,383 |
|
|
79,111 |
|
| Total assets less current liabilities |
|
|
|
211,485 |
|
|
206,554 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(9,642) |
|
|
(14,523) |
|
| Provisions for liabilities |
|
|
|
(22,156) |
|
|
(11,942) |
|
|
| Net assets |
|
|
|
179,687 |
|
|
180,089 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
178,687 |
|
|
179,089 |
|
| Shareholders' funds |
|
|
|
179,687 |
|
|
180,089 |
|
|
|
|
|
|
|
|
| The directors are 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The Director's report and the Profit and Loss Account have not been delivered to the Registrar of Companies. |
|
|
|
|
| J Page |
| Director |
| Approved by the board on 15 April 2024 |
|
| Two-O-One Limited |
| Notes to the Accounts |
| for the year ended 31 July 2023 |
|
|
| 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 rental of property and is recognised when the rental income is due. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% reducing balance |
|
Fixtures, fittings, tools and equipment |
15% reducing balance |
|
|
Investments |
|
The investments relate to property held for rental purposes. The director considers that the revalued cost stated is equivalent to the current fair value. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax has been provided for on gains arising from the revaluation of investment property and 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. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 August 2022 |
8,171 |
|
At 31 July 2023 |
8,171 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2022 |
5,728 |
|
Charge for the year |
101 |
|
At 31 July 2023 |
5,829 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2023 |
2,342 |
|
At 31 July 2022 |
2,443 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 August 2022 |
125,000 |
|
Additions |
53,760 |
|
|
At 31 July 2023 |
178,760 |
|
|
| 5 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Other debtors |
5,010 |
|
3,292 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Investments held as current assets |
2023 |
|
2022 |
| £ |
£ |
|
Fair value |
|
|
|
|
|
|
|
|
|
|
Increase/(decrease) in fair value included in the profit and loss account for the financial year |
|
Unlisted investments |
5,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bank loans and overdrafts |
5,324 |
|
5,324 |
|
Taxation and social security costs |
1,152 |
|
2,609 |
|
Other creditors |
6,880 |
|
5,467 |
|
|
|
|
|
|
13,356 |
|
13,400 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bank loans |
9,642 |
|
14,523 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
Two-O-One Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Central House |
|
124 High Street |
|
Hampton Hill |
|
Middlesex |
|
TW12 1NS |
