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REGISTERED NUMBER: 06827539 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

THOUD DEVELOPMENTS LIMITED

THOUD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06827539)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOUD DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: P Stroud
R Thompson





SECRETARY: R Thompson





REGISTERED OFFICE: 59a Day's Lane
Biddenham
Bedford
Bedfordshire
MK40 4AE





REGISTERED NUMBER: 06827539 (England and Wales)





ACCOUNTANTS: 80K Limited
59a Day's Lane
Biddenham
Bedford
Bedfordshire
MK40 4AE

THOUD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06827539)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 877,495 877,495

CURRENT ASSETS
Debtors 5 257,037 257,037
Cash at bank 20 20
257,057 257,057
CREDITORS
Amounts falling due within one year 6 (179,378 ) (168,031 )
NET CURRENT ASSETS 77,679 89,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

955,174

966,521

CREDITORS
Amounts falling due after more than one
year

7

(553,224

)

(563,224

)
NET ASSETS 401,950 403,297

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 380,000 380,000
Retained earnings 21,850 23,197
SHAREHOLDERS' FUNDS 401,950 403,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

THOUD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06827539)

BALANCE SHEET - continued
28 FEBRUARY 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 21 November 2023 and were signed on its behalf by:





R Thompson - Director


THOUD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06827539)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Thoud Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 - 2 ).

THOUD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06827539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 March 2022
and 28 February 2023 877,494 29,283 906,777
DEPRECIATION
At 1 March 2022
and 28 February 2023 - 29,282 29,282
NET BOOK VALUE
At 28 February 2023 877,494 1 877,495
At 28 February 2022 877,494 1 877,495

Cost or valuation at 28 February 2023 is represented by:

Land and
buildings
£   
Valuation in 2018 380,000

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FREEHOLD PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 877,494
877,494

CLIENT SCREEN TOTAL = -


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FIXTURES AND FITTINGS

'COST' ACCOUNT TOTAL
Cost/valuation b/f 29,283
29,283

CLIENT SCREEN TOTAL = -


THOUD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06827539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS - continued

If the freehold property had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 497,494 497,494

Value of land in freehold land and buildings 877,494 877,494

The freehold properties were valued on an open market basis on 28 February 2022 by the directors. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 257,037 257,037

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 179,378 168,031

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 40,000 50,000
Other creditors 513,224 513,224
553,224 563,224

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 513,224 513,224

Repayable by instalments
Bank loans more 5 yr by instal 40,000 50,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 513,224 513,224

THOUD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06827539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

9. RESERVES
Revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 380,000