THOR GOLD VENTURES LTD

Company Registration Number:
13909891 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 11 February 2022

End date: 31 December 2022

THOR GOLD VENTURES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

THOR GOLD VENTURES LTD

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

The Company was incorporated in 11 February 2022. The principal activity of the Company during the period was to provide support services to other group companies.



Directors

The director shown below has held office during the whole of the period from
11 February 2022 to 31 December 2022

Olusegun Lawson


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 September 2023

And signed on behalf of the board by:
Name: Olusegun Lawson
Status: Director

THOR GOLD VENTURES LTD

Profit And Loss Account

for the Period Ended 31 December 2022

11 months to 31 December 2022


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: ( 155,114 )
Operating profit(or loss): (155,114)
Interest payable and similar charges: ( 19,042 )
Profit(or loss) before tax: (174,156)
Profit(or loss) for the financial year: (174,156)

THOR GOLD VENTURES LTD

Balance sheet

As at 31 December 2022

Notes 11 months to 31 December 2022


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets: 3 593,603
Investments:   0
Total fixed assets: 593,603
Current assets
Stocks:   0
Debtors: 4 217,505
Cash at bank and in hand: 0
Investments:   0
Total current assets: 217,505
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 5 ( 581,442 )
Net current assets (liabilities): (363,937)
Total assets less current liabilities: 229,666
Creditors: amounts falling due after more than one year: 6 ( 388,822 )
Provision for liabilities: ( 15,000 )
Total net assets (liabilities): (174,156)
Capital and reserves
Called up share capital: 1
Profit and loss account: (174,157 )
Total Shareholders' funds: ( 174,156 )

The notes form part of these financial statements

THOR GOLD VENTURES LTD

Balance sheet statements

For the year ending 31 December 2022 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 30 September 2023
and signed on behalf of the board by:

Name: Olusegun Lawson
Status: Director

The notes form part of these financial statements

THOR GOLD VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Tangible fixed assets depreciation policy

    Property, plant and equipmentProperty, plant and equipment is stated at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items.Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the company and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognised when replaced. All other repairs and maintenance are charged to the income statement during the financial period in which they are incurred.Land is not depreciated. Depreciation on other assets is calculated using the straight-line method to allocate their cost or revalued amounts to their residual values over their estimated useful lives, as follows:Furniture, fittings and equipment 5 years.The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.An asset’s carrying amount is written down immediately to its recoverable amount if it is greater than its estimated recoverable amount

THOR GOLD VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    11 months to 31 December 2022
    Average number of employees during the period 0

THOR GOLD VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 578,953 92,144 671,097
Disposals
Revaluations
Transfers
At 31 December 2022 578,953 92,144 671,097
Depreciation
Charge for year 69,194 8,300 77,494
On disposals
Other adjustments
At 31 December 2022 69,194 8,300 77,494
Net book value
At 31 December 2022 509,759 83,844 593,603

THOR GOLD VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

11 months to 31 December 2022
£
Trade debtors 35,767
Prepayments and accrued income 15,576
Other debtors 166,162
Total 217,505
Debtors due after more than one year: 166,162

THOR GOLD VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

11 months to 31 December 2022
£
Amounts due under finance leases and hire purchase contracts 133,224
Trade creditors 448,218
Total 581,442

THOR GOLD VENTURES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due after more than one year note

11 months to 31 December 2022
£
Amounts due under finance leases and hire purchase contracts 388,822
Total 388,822