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REGISTERED NUMBER: 07003514















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Thistledown Investment Management Ltd

Thistledown Investment Management Ltd (Registered number: 07003514)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thistledown Investment Management Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: J D M Fisher
Mrs C M Fisher





REGISTERED OFFICE: 51 West Square
London
SE11 4SP





REGISTERED NUMBER: 07003514





ACCOUNTANTS: Brightling & Co Accountants Ltd
Vine Hall Farm
Bethersden
Ashford
Kent
TN26 3JY

Thistledown Investment Management Ltd (Registered number: 07003514)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 10,474 7,501
Investments 4 100,000 -
110,474 7,501

CURRENT ASSETS
Debtors 5 9,537 767
Cash at bank 48,449 175,731
57,986 176,498
CREDITORS
Amounts falling due within one year 6 4,543 5,076
NET CURRENT ASSETS 53,443 171,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,917

178,923

CAPITAL AND RESERVES
Called up share capital 65,354 65,354
Share premium 55,546 55,546
Retained earnings 43,017 58,023
SHAREHOLDERS' FUNDS 163,917 178,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Thistledown Investment Management Ltd (Registered number: 07003514)

Balance Sheet - continued
31 January 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:





J D M Fisher - Director


Thistledown Investment Management Ltd (Registered number: 07003514)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. ACCOUNTING POLICIES

General information
Thistledown Investment Management Limited is a private company limited by shares, registered and incorporated in England and Wales.

Statement of Compliance
The financial statements have been prepared in accordance with FRS 102, Section 1A, "The Financial Reporting Standard applicable in the UK and Republic of Ireland" .

Basis of preparation
The financial statements have been prepared under the historical cost convention.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. The company considers all it's financial assets and liabilities to
be basic financial instruments as defined by FRS102.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in the income statement immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Thistledown Investment Management Ltd (Registered number: 07003514)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Fair values
Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

Turnover
Turnover represents amounts chargeable to clients in respect of the provision of professional services during the year. The company recognises income at the point where it obtains the right to consideration. Amounts unbilled at the year end are included within trade debtors. The excess of the right to consideration over invoiced amounts is shown within other creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Computer equipment - 50% on cost

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

3. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 February 2022 8,334 9,207 17,541
Additions 4,230 - 4,230
At 31 January 2023 12,564 9,207 21,771
DEPRECIATION
At 1 February 2022 833 9,207 10,040
Charge for year 1,257 - 1,257
At 31 January 2023 2,090 9,207 11,297
NET BOOK VALUE
At 31 January 2023 10,474 - 10,474
At 31 January 2022 7,501 - 7,501

Thistledown Investment Management Ltd (Registered number: 07003514)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 100,000
At 31 January 2023 100,000
NET BOOK VALUE
At 31 January 2023 100,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,537 767

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,302 720
Other creditors 1,241 4,356
4,543 5,076

7. RELATED PARTY DISCLOSURES

During the year, one director received advances totalling £8,788. The loan amount was fully repaid in September 2023.

8. ULTIMATE CONTROLLING PARTY

The company is controlled jointly by J D M Fisher and Mrs C M Fisher.