TWB UK Limited - Period Ending 2015-12-31

Registration number: 06977254

TWB UK Limited

Unaudited Abbreviated Accounts

Year Ended 31 December 2015
 

TWB UK Limited
Contents
Year Ended 31 December 2015

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.

TWB UK Limited
Accountants' Report
Year Ended 31 December 2015

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of TWB UK Limited
 

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TWB UK Limited for the year ended 31 December 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of TWB UK Limited, as a body, in accordance with the terms of our engagement letterdated 12 August 2009. Our work has been undertaken solely to prepare for your approval the accounts of TWB UK Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TWB UK Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that TWB 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 loss of TWB UK Limited. You consider that TWB 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 TWB 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.

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

Dixon Wilson
22 Chancery Lane
London
WC2A 1LS

23 November 2016

Page 1

TWB UK Limited
(Registration number: 06977254)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 €			2014 €
Current assets
Debtors					152,007			10,364
Cash at bank and in hand					209,269			287,097
					361,276			297,461
Creditors: Amounts falling due within one year					(454,343)			(376,733)
Net liabilities					(93,067)			(79,272)
Capital and reserves
Called up share capital		2			1,000			1,000
Profit and loss account					(94,067)			(80,272)
Shareholders' deficit					(93,067)			(79,272)

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ending 31 December 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the director on 23 November 2016

.........................................
Dominique Pierre
Director

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

TWB UK Limited
Notes to the Abbreviated Accounts
Year Ended 31 December 2015

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 January 2015).

Going concern

The financial statements have been prepared on a going concern basis as the ultimate owners have indicated that where necessary they will provide financial support to the company for a period of at least twelve months from the date of approval of the accounts.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers. Income is recognised when goods are delivered.

Deferred tax

Provision is made for deferred liabilities in respect of all material timing differences arising from the different treatment of items for accounting and taxation purposes without discounting. Deferred tax assets in respect of such timing differences are recognised to the extent that they are regarded as being, more likely than not, recoverable in the short to medium term, and are not discounted.

Foreign currency

The currency of the primary economic area in which the company operates is the Euro. The financial statements are presented in Euros. Assets and liabilities denominated in currencies other than the Euro are translated at the applicable exchange rates ruling at the balance sheet date. Income and expense items denominated in currencies other than the Euro are translated at the exchange rate prevailing on the dates of the transactions.

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.

End of note

Page 3

TWB UK Limited
Notes to the Abbreviated Accounts
Year Ended 31 December 2015

2	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			€			No.			€
1,000 ordinary shares of € 1 each		1,000			1,000			1,000			1,000

End of note

Page 4