TwoHouses UK Limited - Period Ending 2015-05-31

Registration number: 7266859

TwoHouses UK Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2015
 

Mr Balbir Singh Mashiana
Chartered Management Accountant
305 Grampian Way
305 Grampian Way
Derby
Derbyshire
DE24 3JH

TwoHouses UK Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
TwoHouses UK Limited
for the Year Ended 31 May 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TwoHouses UK Limited for the year ended 31 May 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants (CIMA), we are subject to its ethical and other professional requirements which are detailed at cimaglobal.com/members-handbook.

This report is made solely to the Board of Directors of TwoHouses UK Limited, as a body, in accordance with the terms of our engagement letter dated 8 July 2010. Our work has been undertaken solely to prepare for your approval the accounts of TwoHouses UK Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TwoHouses UK Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that TwoHouses UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of TwoHouses UK Limited. You consider that TwoHouses UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of TwoHouses UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Mr Balbir Singh Mashiana
Chartered Management Accountant
305 Grampian Way
305 Grampian Way
Derby
Derbyshire
DE24 3JH

8 February 2016

Page 1

TwoHouses UK Limited
(Registration number: 7266859)
Abbreviated Balance Sheet at 31 May 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					4,136			1,721
Current assets
Debtors					28,058			-
Cash at bank and in hand					4,825			95
					32,883			95
Creditors: Amounts falling due within one year					(22,965)			(1,668)
Net current assets/(liabilities)					9,918			(1,573)
Net assets					14,054			148
Capital and reserves
Called up share capital		3			400			400
Profit and loss account					13,654			(252)
Shareholders' funds					14,054			148

For the year ending 31 May 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 10 February 2016

.........................................
Mr Sukhdev Singh Chandi
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

TwoHouses UK Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated seridual vale, over their expected useful economic life.

Asset class	Depreciation method and rate
Computer equipment	25% on reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2014		4,340			4,340
Additions		3,500			3,500
At 31 May 2015		7,840			7,840
Depreciation
At 1 June 2014		2,619			2,619
Charge for the year		1,085			1,085
At 31 May 2015		3,704			3,704
Net book value
At 31 May 2015		4,136			4,136
At 31 May 2014		1,721			1,721

Page 3

TwoHouses UK Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		400			400			400			400

Page 4