Company Registration No. 02111219 (England and Wales)
THORNE HOLDINGS LIMITED
Unaudited accounts
for the year ended 31 July 2023
THORNE HOLDINGS LIMITED
Unaudited accounts
Contents
THORNE HOLDINGS LIMITED
Company Information
for the year ended 31 July 2023
Directors
David Thorne
Andrew Thorne
Company Number
02111219 (England and Wales)
Registered Office
1 WINE STREET
BRISTOL
BS1 2BB
Accountants
WinstoneGreen Ltd
137 Watleys End Road
Bristol
Avon
BS36 1QQ
THORNE HOLDINGS LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
3,073,035
3,111,331
Cash at bank and in hand
(11,016)
(10,832)
Creditors: amounts falling due within one year
(77,295)
(83,252)
Net current assets
260,849
225,792
Total assets less current liabilities
3,334,580
3,337,819
Creditors: amounts falling due after more than one year
(252,496)
(271,539)
Provisions for liabilities
Deferred tax
(79,588)
(79,588)
Net assets
3,002,496
2,986,692
Called up share capital
1,000
1,000
Revaluation reserve
1,766,199
1,766,199
Profit and loss account
1,235,297
1,219,493
Shareholders' funds
3,002,496
2,986,692
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by
Andrew Thorne
Director
Company Registration No. 02111219
THORNE HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 July 2023
THORNE HOLDINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02111219. The registered office is 1 WINE STREET, BRISTOL, BS1 2BB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Computer equipment
20% on cost
4
Intangible fixed assets
Other
THORNE HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 July 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
3,103,180
7,767
1,118
3,112,065
Additions
60,230
2,150
-
62,380
Disposals
(100,062)
-
-
(100,062)
At 31 July 2023
3,063,348
9,917
1,118
3,074,383
At 1 August 2022
-
69
665
734
Charge for the year
-
499
115
614
At 31 July 2023
-
568
780
1,348
At 31 July 2023
3,063,348
9,349
338
3,073,035
At 31 July 2022
3,103,180
7,698
453
3,111,331
Amounts falling due within one year
Trade debtors
37,426
11,780
Amounts falling due after more than one year
Accrued income and prepayments
2,789
2,789
Other debtors
302,328
302,328
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
40,970
46,501
Amounts owed to group undertakings and other participating interests
2,547
2,547
Taxes and social security
198
1,674
Loans from directors
32,140
31,090
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
156,692
156,269
THORNE HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 July 2023
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).