REGISTERED NUMBER:
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TW MANAGEMENT LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 27 SEPTEMBER 2019 TO 31 DECEMBER 2020 |
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REGISTERED NUMBER:
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TW MANAGEMENT LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 27 SEPTEMBER 2019 TO 31 DECEMBER 2020 |
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TW MANAGEMENT LIMITED (REGISTERED NUMBER: 12230299) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 27 SEPTEMBER 2019 TO 31 DECEMBER 2020 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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TW MANAGEMENT LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 27 SEPTEMBER 2019 TO 31 DECEMBER 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
The Exchange |
5 Bank Street |
Bury |
BL9 0DN |
TW MANAGEMENT LIMITED (REGISTERED NUMBER: 12230299) |
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STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2020 |
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Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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TW MANAGEMENT LIMITED (REGISTERED NUMBER: 12230299) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 27 SEPTEMBER 2019 TO 31 DECEMBER 2020 |
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1. | STATUTORY INFORMATION |
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TW Management Limited is a private company, limited by shares, registered in England and Wales. The |
company's registered number is 12230299 and its registered office address is Suites 2g6, 2g8, 2g9, Glasshouse Alderley Park, Congleton Road, Nether Alderley, Macclesfield, United Kingdom, SK10 4TG. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The director has considered the impact of the global Covid-19 pandemic on the company and recognises that the future cannot be predicted with absolute certainty. However, the director expects the company to continue trading. Costs are met by service charges, so if demand for property fell then the associated costs would also fall, therefore accounts are prepared on the going concern basis. |
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Significant judgements and estimates |
In the opinion of the director there are no estimates and assumptions which have a significant risk of causing |
material adjustment to the carrying amount of the assets and liabilities. |
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Revenue |
Revenue is recognised as costs that are incurred by the company are recharged to the leaseholders. As a property management company, this results in no profit or loss that is attributable to the company, therefore, no corporation tax payable. |
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Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. |
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Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement. |
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Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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Amounts owed by group undertakings |
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TW MANAGEMENT LIMITED (REGISTERED NUMBER: 12230299) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 27 SEPTEMBER 2019 TO 31 DECEMBER 2020 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Amounts owed to related parties | 7,620 |
Other creditors |
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