TWB UK Limited - Period Ending 2016-12-31

Registration number: 06977254

TWB UK Limited

Unaudited Balance Sheet

Year Ended 31 December 2016

TWB UK Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

TWB UK Limited

Company Information

Director

Dominique Pierre

Registered office

22 Chancery Lane London WC2A 1LS

Page 1

TWB UK Limited

(Registration number: 06977254)

Balance Sheet as at 31 December 2016

	Note	2016 €	2015 €
Current assets
Debtors	3	23,580	152,007
Cash at bank and in hand		186,502	209,269
		210,082	361,276
Creditors: Amounts falling due within one year	4	(295,835)	(454,343)
Net liabilities		(85,753)	(93,067)
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		(86,753)	(94,067)
Total equity		(85,753)	(93,067)

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 29 September 2017
 

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

Dominique Pierre

Director

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

Page 2

TWB UK Limited

Notes to the Financial Statements

Year Ended 31 December 2016

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
22 Chancery Lane
London
WC2A 1LS

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

At 1 January 2015 TWB UK Limited adopted the revised reporting regime under FRS 102 Section 1A. No transitional adjustments arose on adoption of the new regime.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Euros which is the functional currency of the company and rounded to the nearest €.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Leases

Rental payments made under operating leases are charged to profit and loss on a straight-line basis over the period of the lease.

Page 3

TWB UK Limited

Notes to the Financial Statements

Year Ended 31 December 2016

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value 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.
 
 

3

Debtors

	2016 €	2015 €
Trade debtors	16,931	95,366
Other debtors	6,649	56,641
	23,580	152,007

Page 4

TWB UK Limited

Notes to the Financial Statements

Year Ended 31 December 2016

4

Creditors

	Note	2016 €	2015 €
Due within one year
Bank loans and overdrafts		-	34
Trade creditors		243,578	309,657
Other creditors		52,257	144,652
		295,835	454,343

5	Obligations under leases and hire purchase contracts

The total of future minimum lease payments is as follows:

	2016  €	2015  €
Not later than one year	7,200	7,200

The amount of non-cancellable operating lease payments recognised as an expense during the year was €14,400 (2015 - €14,400).

Page 5