ACCOUNTS - Final Accounts preparation

TWF CAPITAL LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31truetrue2022-04-01trueholding company22 11357094 2022-04-01 2023-03-31 11357094 2021-04-01 2022-03-31 11357094 2023-03-31 11357094 2022-03-31 11357094 c:Director2 2022-04-01 2023-03-31 11357094 d:CurrentFinancialInstruments 2023-03-31 11357094 d:CurrentFinancialInstruments 2022-03-31 11357094 d:Non-currentFinancialInstruments 2023-03-31 11357094 d:Non-currentFinancialInstruments 2022-03-31 11357094 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11357094 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11357094 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11357094 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 11357094 d:ShareCapital 2023-03-31 11357094 d:ShareCapital 2022-03-31 11357094 d:RetainedEarningsAccumulatedLosses 2023-03-31 11357094 d:RetainedEarningsAccumulatedLosses 2022-03-31 11357094 c:OrdinaryShareClass1 2022-04-01 2023-03-31 11357094 c:OrdinaryShareClass1 2023-03-31 11357094 c:EntityNoLongerTradingButTradedInPast 2022-04-01 2023-03-31 11357094 c:FRS102 2022-04-01 2023-03-31 11357094 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11357094 c:FullAccounts 2022-04-01 2023-03-31 11357094 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11357094 d:Subsidiary1 2022-04-01 2023-03-31 11357094 d:Subsidiary1 1 2022-04-01 2023-03-31 11357094 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11357094

TWF CAPITAL LIMITED

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023


TWF CAPITAL LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 5


TWF CAPITAL LIMITED REGISTERED NUMBER:11357094

BALANCE SHEET

AS AT 31 MARCH 2023

		2023		2022
Note		£		£

Fixed assets
Investments	4		100,000		100,000
			100,000		100,000

Creditors: amounts falling due within one year	5	(71,400)		(71,400)
Net current liabilities			(71,400)		(71,400)
Total assets less current liabilities			28,600		28,600
Creditors: amounts falling due after more than one year	6		(150,000)		(150,000)

Net liabilities			(121,400)		(121,400)

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(121,500)	(121,500)
		(121,400)	(121,400)


TWF CAPITAL LIMITED REGISTERED NUMBER:11357094

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

A Verma

Director

Date: 2 October 2023

The notes on pages 3 to 5 form part of these financial statements.


TWF CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.	General information

TWF Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 11357094. The address of the registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of a holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling.

2.2

Going concern

The financial statements have been prepared on the going concern basis as the shareholders have confirmed they will continue to provide necessary funding in order for the company to maintain operations and meet liabilites in full for at least the next 12 months. On the basis, the directors are satisfied that the financial statements should be prepared on a ongoing basis.

2.3

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors,loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


TWF CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2022	100,000
	At 31 March 2023	100,000

	Net book value
	At 31 March 2023	100,000

Subsidiary undertaking
The following was a subsidiary undertaking of the company:
Name	Registered office	Class of shares	Holding

Theway Forward (International) Limited

India

Ordinary

100%

5.	Creditors: amounts falling due within one year
		2023	2022
		£	£

Other creditors	56,400	56,400
Accruals	15,000	15,000
	71,400	71,400

6.	Creditors: amounts falling due after more than one year
		2023	2022
		£	£

	Other loans	150,000	150,000


TWF CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

7.	Share capital
		2023	2022
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1.00 each	100	100

8.	Related party transactions
	At the year end, the company owed £56,400 (2022 - £56,400) to the directors. Loan is interest free and repayable on demand.