Twyn Holdings Filleted accounts for Companies House (small and micro)
Twyn Holdings Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
11158952
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
Fixed assets
Investments |
4 |
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Current assets
Debtors |
5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Called up share capital |
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Share premium account |
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Other reserves |
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– |
Profit and loss account |
(
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
30 September 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
11158952
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Notes to the Financial Statements |
Year ended 31 December 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 82 St John Street, London, EC1M 4JN.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
Financial instruments
4.
Investments
Shares in group undertakings |
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£ |
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Cost |
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At 1 January 2020 |
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Additions |
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At 31 December 2020 |
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Impairment |
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At 1 January 2020 and 31 December 2020 |
– |
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Carrying amount |
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At 31 December 2020 |
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At 31 December 2019 |
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5.
Debtors
2020 |
2019 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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6.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Other creditors |
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------- |
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7.
Share based payments
The company operates an equity based share option scheme with the terms varying by employee. Employees are not entitled to dividends until the shares are exercised.
A reconciliation of share options movements during the year ended 31 December 2020 is shown below:
Outstanding as at 1 January 2020: 134,252- £0.001
Granted during the year: 184,418 - £0.001
Forfeited during the year: nil - £nil
Exercised during the year: 28,990 - £0.001
Outstanding as at 31 December 2020: 264,680 - £0.001
The company is unable to directly measure the fair value of the share options. Instead the fair value of the share options granted during the year is determined using the Black-Scholes model. The model is internationally recognised as being appropriate to value share options schemes similar to that of the company.
Equity settled schemes - charges arising: £-14,813 (2019 £40,000).