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Registration number: 01000218

Thackray Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Thackray Properties Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Thackray Properties Limited

Company Information

Directors

Mr Edward Harold Thackray

Mrs Marigold Louise Middleton Dixon

Registered office

3 Anstey Hall Barns
Maris Lane
Trumpington
Cambridge
CB2 9LG

Accountants

Tayabali & White
5 High Green
Great Shelford
Cambridge
Cambridgeshire
CB22 5EG

 

Thackray Properties Limited

(Registration number: 01000218)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

1,038,076

1,583,076

Current assets

 

Cash at bank and in hand

 

353,381

15,172

Creditors: Amounts falling due within one year

5

(9,235)

(5,413)

Net current assets

 

344,146

9,759

Total assets less current liabilities

 

1,382,222

1,592,835

Creditors: Amounts falling due after more than one year

5

(199,179)

(407,267)

Provisions for liabilities

(62,230)

(72,058)

Net assets

 

1,120,813

1,113,510

Capital and reserves

 

Called up share capital

6

21,184

21,184

Revaluation reserve

265,296

307,192

Retained earnings

834,333

785,134

Shareholders' funds

 

1,120,813

1,113,510

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 April 2024 and signed on its behalf by:
 

 

Thackray Properties Limited

(Registration number: 01000218)
Balance Sheet as at 31 July 2023

.........................................
Mrs Marigold Louise Middleton Dixon
Director

 

Thackray Properties Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 Anstey Hall Barns
Maris Lane
Trumpington
Cambridge
CB2 9LG

These financial statements were authorised for issue by the Board on 22 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Investment properties

 

Thackray Properties Limited

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

2023
£

At 1 August

1,583,076

Disposals

(545,000)

At 31 July

1,038,076

If investment property had not been revalued it would have been included at historical cost.

Investment property was valued on fair value basis on 31st July 2021 by various valuers as shown in full list below:
27B Jedburgh Street, London was valued in December 2020 by James Pendleton Estate agents.
8 Rues des Freres Casanova, Cannes was valued in January 2021 by Cannes Accommodation.

Fair Value at 31st July 2023 is represented by:

Valuation in 2007 £117,585
Valuation in 2016 £272,562
Valuation in 2021 (£62,622)
Cost £710,551
Total £1,038,076

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts due to related parties

976

976

Social security and other taxes

 

6,879

-

Other payables

 

-

2,575

Accruals

 

1,380

1,862

 

9,235

5,413

Due after one year

 

Loans and borrowings

199,179

407,267

Creditors include a mortgage with Charter Court Financial Services Limited which is secured by a charge on 27B Jedburgh Street, London which was created on 19th July 2018.It is an interest only mortgage at the rate of 3.69% a year. Amount outstanding £ 199,179 (2022 - £407,267). The remaining term is 20 years.

6

Share capital

Allotted, called up and fully paid shares

 

Thackray Properties Limited

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

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

21,183

21,183

21,183

21,183

B Ordinary of £1 each

1

1

1

1

 

21,184

21,184

21,184

21,184