REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 January 2023 |
for |
THATCH HOLDINGS LIMITED |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 January 2023 |
for |
THATCH HOLDINGS LIMITED |
THATCH HOLDINGS LIMITED (Registered number: 09819651) |
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 |
THATCH HOLDINGS LIMITED |
Company Information |
for the Year Ended 31 January 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
26-28 Headlands |
Kettering |
Northamptonshire |
NN15 7HP |
THATCH HOLDINGS LIMITED (Registered number: 09819651) |
Balance Sheet |
31 January 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
THATCH HOLDINGS LIMITED (Registered number: 09819651) |
Balance Sheet - continued |
31 January 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
THATCH HOLDINGS LIMITED (Registered number: 09819651) |
Notes to the Financial Statements |
for the Year Ended 31 January 2023 |
1. | STATUTORY INFORMATION |
THATCH HOLDINGS LIMITED is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about THATCH HOLDINGS LIMITED as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Hatton Group Holdings Limited, Hatton Court Hotel, Upton Hill, Upton St Leonards Gloucester GL4 8DE. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Depreciation is provided on the following annual rates in order to write off each asset over it's estaminet useful life |
Fixtures, Fittings & Equipment 2 to 15 years |
Freehold property is maintained to a high standard for trading purposes and the directors consider the economic life of the property is thereby extended so as to make any provision for depreciation immaterial. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
THATCH HOLDINGS LIMITED (Registered number: 09819651) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2023 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 February 2022 |
Additions |
At 31 January 2023 |
DEPRECIATION |
At 1 February 2022 |
Charge for year |
At 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
At 31 January 2022 |
THATCH HOLDINGS LIMITED (Registered number: 09819651) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 February 2022 |
and 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
At 31 January 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
Other creditors |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 239,860 | 228,404 |
THATCH HOLDINGS LIMITED (Registered number: 09819651) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2023 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |
Hire purchase contracts | - | 7,687 |
The Bank Loan is secured by a Fixed Charge on the Company's Freehold Property. |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
11. | RELATED PARTY DISCLOSURES |
At 31st January 2023 the Company owed £465,141 (2022 £531,505) to related party companies outside the Group. |
12. | ULTIMATE CONTROLLING PARTY |
The Company's holding company is Hatton Group Holdings Limited. |
Mrs VEA Hiscox is the ultimate shareholder of Hatton Group Holdings Limited |
13. | DEFERRED TAX |
The Group have reinvested the proceeds of a previous chargeable gain by purchasing freehold trading property in the Company. |
Therefore the chargeable gain has been rolled into the replacement property. |
The Corporation tax, which would have otherwise been due is £120,000. |
Deferred tax has not been provided as the Directors have no intention of selling the property in the foreseeable future. |