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REGISTERED NUMBER: 04495732 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Threlfall Developments Limited

Threlfall Developments Limited (Registered number: 04495732)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Threlfall Developments Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: I F T Threlfall
Mrs D R Threlfall
B P Threlfall
R F Threlfall
Mrs G C Walshe





SECRETARY: I F T Threlfall





REGISTERED OFFICE: Quercus
Bradley Road
Burrough Green
Newmarket
Suffolk
CB8 9NH





REGISTERED NUMBER: 04495732 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Threlfall Developments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Threlfall Developments Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Threlfall Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Threlfall Developments Limited and state those matters that we have agreed to state to the Board of Directors of Threlfall Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Threlfall Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Threlfall Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Threlfall Developments Limited. You consider that Threlfall Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Threlfall Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


Date: .............................................

Threlfall Developments Limited (Registered number: 04495732)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,654 14,888
Investment property 5 1,213,000 1,213,000
1,225,654 1,227,888

CURRENT ASSETS
Debtors 6 2,692 7,994
Cash at bank 2,628 8,653
5,320 16,647
CREDITORS
Amounts falling due within one year 7 802,034 812,236
NET CURRENT LIABILITIES (796,714 ) (795,589 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,940

432,299

CREDITORS
Amounts falling due after more than one
year

8

(30,023

)

(44,352

)

PROVISIONS FOR LIABILITIES (2,404 ) (2,829 )
NET ASSETS 396,513 385,118

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Fair value reserve 11 293,813 293,813
Retained earnings 11 101,700 90,305
SHAREHOLDERS' FUNDS 396,513 385,118

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Threlfall Developments Limited (Registered number: 04495732)

Balance Sheet - continued
31 July 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 17 April 2024 and were signed on its behalf by:




I F T Threlfall - Director



Mrs D R Threlfall - Director


Threlfall Developments Limited (Registered number: 04495732)

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

1. STATUTORY INFORMATION

Threlfall 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.

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 at the following annual rates in order to write off each asset over its estimated useful life.

Investment property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 5 (2022 - 5 ) .

Threlfall Developments Limited (Registered number: 04495732)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 6,888 24,960 1,499 33,347
DEPRECIATION
At 1 August 2022 4,333 12,627 1,499 18,459
Charge for year 384 1,850 - 2,234
At 31 July 2023 4,717 14,477 1,499 20,693
NET BOOK VALUE
At 31 July 2023 2,171 10,483 - 12,654
At 31 July 2022 2,555 12,333 - 14,888

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 1,213,000
NET BOOK VALUE
At 31 July 2023 1,213,000
At 31 July 2022 1,213,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2005 157,521
Valuation in 2007 20,000
Valuation in 2011 139,134
Valuation in 2022 (22,842 )
Cost 919,187
1,213,000

investment was valued on an open market basis on 31 July 2023 by by I Threlfall, a director of the company .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,692 7,994

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,210 14,956
Trade creditors 5,000 4,501
Taxation and social security 3,097 4,343
Other creditors 778,727 788,436
802,034 812,236

Threlfall Developments Limited (Registered number: 04495732)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 30,023 44,352

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 45,233 59,308

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 August 2022 90,305 293,813 384,118
Profit for the year 11,395 11,395
At 31 July 2023 101,700 293,813 395,513

12. ULTIMATE CONTROLLING PARTY

The ultimate control of the company lies with the directors.